$1,880,000
$1,650,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
4158 La Rica Avenue Baldwin Park, CA 91706
4,864 SqFt
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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