Baldwin Park, CA 91706,4158 La Rica AVE
Baldwin Park, CA 91706,4158 La Rica AVE
Baldwin Park, CA 91706,4158 La Rica AVE
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with TING CHU
$1,880,000
Est. payment /mo
$1,650,000
13.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

0.48 Acres Lot
SOLD DATE : 06/05/2025

Key Details

Sold Price $1,880,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRCV25099407

Sold Date 06/05/25

Year Built 1962

Lot Size 0.480 Acres

Source California Regional MLS

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Listing IDX PLUS

GET MORE INFORMATION

agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

Name
Phone*
Message