Arcadia, CA 91780,5741 Baldwin Avenue
Arcadia, CA 91780,5741 Baldwin Avenue
Arcadia, CA 91780,5741 Baldwin Avenue
Arcadia, CA 91780,5741 Baldwin Avenue
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$2,775,000

$2,695,000

3.0%
Est.Price: ?

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Est. payment /mo

1 Bed

1 Bath

0.41 Acres Lot


SOLD DATE : 01/14/2022

Key Details

Sold Price $2,775,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC21256076

Sold Date 01/14/22

Bedrooms 1

HOA Y/N No

Lot Size 0.406 Acres

Property Description

5741 - 5749 Baldwin Avenue is an 8-unit multifamily investment property located in Arcadia, a premier rental market in Los Angeles County, California. 5741 - 5749 Baldwin Avenue consists of two, single-story fourplexes on contiguous parcels. The property offers 100 percent one-bedroom units and amenities including security doors, a central courtyard, garage parking, and in-unit laundry hookups. Current ownership has invested significant capital in property improvements including a full roof replacement and renovations such as new carpeting, laminate wood flooring, and quartz countertops to select units. Through continued renovations, new ownership could increase rental income by more than 60 percent. 5741 - 5749 Baldwin Avenue is well positioned moments away from the intersection of Baldwin Avenue and Las Tunas Drive, two principal retail and transportation thoroughfares for the region. This excellent location places residents nearly equidistant to major retail centers such as Westfield Santa Anita to the north and Santa Fe Trail Plaza to the south. Additionally, the property is just over one mile from Rosemead Boulevard, an arterial highway that connects Interstate 10 to Interstate 210, providing residents with multiple commute options to regional employment hubs throughout Los Angeles County.
5741 - 5749 Baldwin Avenue is an 8-unit multifamily investment property located in Arcadia, a premier rental market in Los Angeles County, California. 5741 - 5749 Baldwin Avenue consists of two, single-story fourplexes on contiguous parcels. The property offers 100 percent one-bedroom units and amenities including security doors, a central courtyard, garage parking, and in-unit laundry hookups. Current ownership has invested significant capital in property improvements including a full roof replacement and renovations such as new carpeting, laminate wood flooring, and quartz countertops to select units. Through continued renovations, new ownership could increase rental income by more than 60 percent. 5741 - 5749 Baldwin Avenue is well positioned moments away from the intersection of Baldwin Avenue and Las Tunas Drive, two principal retail and transportation thoroughfares for the region. This excellent location places residents nearly equidistant to major retail centers such as Westfield Santa Anita to the north and Santa Fe Trail Plaza to the south. Additionally, the property is just over one mile from Rosemead Boulevard, an arterial highway that connects Interstate 10 to Interstate 210, providing residents with multiple commute options to regional employment hubs throughout Los Angeles County.

Location

State CA

County Los Angeles

Area Temple City (91780)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 1

Level or Stories 1 Story

Others

Acceptable Financing Exchange

Space Rent $8,120

Listing Terms Exchange

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San Diego Regional MLS (SDMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest
Bought with Tyler Leeson • Marcus & Millichap RE Invest
agent-avatar

+1(619) 606-0700

jay@theleehometeam.com

2015 Birch Rd. Ste 1009., Vista, CA, 91915

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