4324 Walnut Street, Baldwin Park, CA 91706
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- MLS#: CV24158561 ( Apartment )
- Street Address: 4324 Walnut Street
- Viewed: 10
- Price: $5,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 143
- Additional Information
- County: LOS ANGELES
- City: Baldwin Park
- Zipcode: 91706
- Provided by: RE/MAX 2000 REALTY
- Contact: Kristopher Kristopher
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DescriptionNEW PRICE! Only $229,000 per unit for all 2Bed/1Bath units in the prime San Gabriel Valley rental market! We are 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.
Property Location and Similar Properties
Features
Building Area Total
- 17856.00
Carport Spaces
- 23.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Days On Market
- 59
Electric Expense
- 1479.00
Fuel Expense
- 1509.00
Garage Spaces
- 0.00
Insurance Expense
- 10885.00
Laundry Features
- Community
- Inside
Laundry Income
- 8100.00
Levels
- Two
Lot Features
- 21-25 Units/Acre
- Lot 20000-39999 Sqft
Netoperatingincome
- 264648.00
Newtaxesexpense
- 68236.00
Number Of Separate Electric Meters
- 24
Number Of Separate Gas Meters
- 24
Otherexpense
- 3600.00
Otherexpensedescription
- Reserves
Parcel Number
- 8546025027
Pool Features
- None
Professionalmanagementexpense
- 20000.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 420155433:CRM
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 145197.00
Trash Expense
- 11359.00
Uncovered Spaces
- 13.00
Vacancyallowance
- 12676
Views
- 10
Water Sewer Expense
- 10129.00
Water Source
- Public
Year Built
- 1964
Year Built Source
- Assessor
Zoning
- BPRG*