Property Detail

Description

First time on the market in over 20 years! This rare Baldwin Park multi-family opportunity features detached, single-story cottages situated on a HUGE 22,313 sq. ft. lot. The property offers 3,384 rentable square feet with an attractive unit mix consisting of one 3-Bed/1-Bath cottage and four 2-Bed/1-Bath cottages, layouts that consistently attract strong tenant demand. Tenants enjoy on-site garage and open-space parking, along with the privacy and appeal of cottage-style living. The property is individually metered for gas and electricity while the owner pays for water use. Currently operating at a 5.52% CAP Rate and 12.82 GRM on existing rents, the asset also presents over 35% upside in rental income, offering investors a path to increased cash-flow and long-term value growth. With its large lot, desirable unit mix, and significant rental upside, this pride-of-ownership property represents a compelling opportunity in one of the San Gabriel Valley’s most stable rental markets.