Baldwin Park, CA 91706,4158 La Rica Avenue
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Baldwin Park, CA 91706,4158 La Rica Avenue
Baldwin Park, CA 91706,4158 La Rica Avenue
Baldwin Park, CA 91706,4158 La Rica Avenue
Baldwin Park, CA 91706,4158 La Rica Avenue
Listed by Kristopher German • RE/MAX 2000 REALTY

$1,880,000

Est. payment /mo

$1,650,000

13.9%
Est.Price: ?

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4158 La Rica Avenue Baldwin Park, CA 91706

4,864 SqFt

SOLD DATE : 06/05/2025

Key Details

Sold Price $1,880,000

Property Type Single Family Home

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,864 sqft

Price per Sqft $386

MLS Listing ID CV-25099407

Sold Date 06/05/25

Year Built 1962

Lot Size 0.480 Acres

Property Sub-Type Apartment

Property Description

Private Seller Financing Available! We are pleased to exclusively offer for sale this rare offering featuring five LARGE single-story detached cottages situated on a spacious 20,892 square foot lot, presenting an ideal "value-add" investment opportunity. The property consists of one 3-Bedroom/1-Bath cottage and four 2-Bedroom/1-Bath cottages, totaling 4,864 square feet of rentable space. With three of the units to be delivered vacant at the close of escrow, investors have the immediate opportunity to bring rents to market, achieving a projected 5.82% CAP rate and 12.5 GRM. Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard space--features that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric & gas meters and two water meters (one for the front cottage and one for the remaining 4 units). Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.

Location

State CA

County Los Angeles

Area 608 - Baldwin Park/Irwindale

Zoning BPR3*

Interior

Heating Central

Fireplaces Type None

Laundry Washer Hookup

Exterior

Parking Features Garage, Paved, Assigned

Garage Spaces 7.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

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