$2,775,000
$2,695,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
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Bought with Tyler Leeson • Marcus & Millichap RE Invest