4324 Walnut St, Baldwin Park, CA 91706
24 Unit Apartment Building | $5,500,000 ($229,167/Unit) | 4.81% Cap Rate | Baldwin Park, CA 91706
For Sale
Active
Asking Price $5,500,000
- Property Type
-
Multifamily
- Square Feet
- 17,856 SF
Listing Contacts
Kristopher German
- Property Info
Property Overview
NEW PRICE! Only $229,000 per unit for all 2Bed/1Bath units in the prime San Gabriel Valley rental market! Kristopher German of The Apartment Dealer is delighted to present this exceptional 24-unit multi-family residential investment opportunity, strategically located in the highly sought-after rental market of Baldwin Park. This well maintained property occupies a substantial 28,826 square foot lot, featuring 17,856 square feet of rentable space, composed exclusively of well-designed 2-bedroom/1-bathroom units.
Each unit is individually metered for both electricity and gas, ensuring ease of utility management and cost distribution among the tenants. The property boasts onsite amenities including ample carport parking and a laundry facility, both of which enhance tenant convenience and contribute positively to retention rates. Furthermore, a handful of units have been upgraded with modern copper plumbing and updated electrical panels, significantly boosting the functionality and attractiveness of these spaces.
For the astute investor, this property offers a compelling value-add proposition with the possibility of realizing over a 60% increase in rental income. This presents a substantial opportunity to reposition the asset and maximize returns in a market that highly values and rewards quality rental offerings.
This fully occupied, income-producing property represents a rare and lucrative investment and the opportunity to secure a significant asset with tremendous potential for revenue enhancement.
Each unit is individually metered for both electricity and gas, ensuring ease of utility management and cost distribution among the tenants. The property boasts onsite amenities including ample carport parking and a laundry facility, both of which enhance tenant convenience and contribute positively to retention rates. Furthermore, a handful of units have been upgraded with modern copper plumbing and updated electrical panels, significantly boosting the functionality and attractiveness of these spaces.
For the astute investor, this property offers a compelling value-add proposition with the possibility of realizing over a 60% increase in rental income. This presents a substantial opportunity to reposition the asset and maximize returns in a market that highly values and rewards quality rental offerings.
This fully occupied, income-producing property represents a rare and lucrative investment and the opportunity to secure a significant asset with tremendous potential for revenue enhancement.
Property Details
- Class
- C
- Year Built
- 1964
- Stories
- 2
- Lot Size (sq. ft)
- 28,750 SF
- Units
- 24
Highlights
- 12% CASH-ON-CASH RETURN WITH MARKET RENTS IN PLACE!
- All 2-Bedroom/1-Bathroom Units | Only $229,000 Per Unit | Units Separately Metered for Electricity & Gas
- 17,856 Rental Sq. Ft. | 28,826 Sq. Ft. Lot
- Some Units Remodeled Including Copper Plumbing & Electrical Panel
- Tenants Enjoy Onsite Carport Parking | Onsite Laundry Facility
- 60+% UPSIDE IN RENTAL INCOME!
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