8
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Listed by Kristopher German • RE/MAX 2000 REALTY
$1,650,000
Est. payment /mo
0.48 Acres Lot
New
4158 La Rica AVE Baldwin Park, CA 91706
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25099407
Originating Board California Regional MLS
Year Built 1962
Lot Size 0.480 Acres
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-
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Rooms
Kitchen None
Interior
Heating Central Forced Air
Cooling Window / Wall Unit
Laundry 30
Exterior
Parking Features Assigned Spaces, Garage, Other
Garage Spaces 12.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 8544025031
Special Listing Condition Not Applicable
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