4158 La Rica Avenue, Baldwin Park, California 91706
- $1,650,000
- $1,650,000
Overview
- Apartment, Residential Income
- 7.0
- 4864 Sqft
- 1962
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-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.
Address
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Address: 4158 La Rica Avenue
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State/county: CA
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Zip/Postal Code: 91706
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Country: US
Details
Updated on June 5, 2025 at 11:54 pm-
Property ID CV25099407
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Price $1,650,000
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Property Size 4864 Sqft
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Land Area 0.4796 Acres
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Garages 7.0
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Year Built 1962
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to New Loan
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Central
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Assigned, Garage, Paved
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Community Features Sidewalks
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees