$2,300,000
SOLD MAY 11, 2023 RENTED MAR 18, 2025

127 E Baseline Rd San Dimas, CA 91773

10 Beds
10 Baths
4,612 Sq Ft
0.48 Acres

Recently Sold

$499 Per Sq Ft

5% Above List Price

3 Days on Market

Highlights

  • Golf Course Community
  • 0.48 Acre Lot
  • Contemporary Architecture
  • Arma J. Shull Elementary School Rated A
  • Mountain View
  • Hiking Trails

About This Home

As of May 2023

Presenting 121-129 E. Baseline Rd., a five unit apartment situated on two separate parcels. Three single story bungalow buildings are spaced over almost ½ acre, at the base of the foothills of San Dimas. This opportunity has (5) 2 bedroom/2 bath units with their own private yards and private 2 car garages. The units were built in 1987 and the three buildings total 4,612 square feet of living area. There is onsite guest parking and a secure laundry room. Each unit has central heating and A/C as well as a fenced patio. A majestic oak tree greets you as you enter the park like setting.
This property presents a unique value-add investment opportunity, with the potential rental income growth from additional units. One unit has recently been entirely renovated, and the other four units have been meticulously maintained, with some upgrades. Tenants enjoy onsite secured parking and guest parking. Landlord is responsible for water and trash.
The property is situated in a desirable location with easy access to major highways and public transportation. University of La Verne, Citrus College, Azusa Pacific University, The Claremont Colleges and Cal Poly Pomona are in close proximity to the property. These are some of the leading Universities in the nation. The property is located within minutes of Downtown San Dimas. Tenants benefit from proximity to shopping, parks, hiking trails, golf courses, grocery stores and eateries.

121 E. Baseline Rd is included in the sale. The two parcels allow for 30 year conventional financing on this investment

Given the rental upside potential, this is an excellent addition to any real estate investor’s portfolio.

Last Agent to Sell the Property

Phillip Castruita

PHILLIP CASTRUITA, REALTOR License #00919319 Listed on: 03/17/2023

Last Buyer's Agent

Pam Delrey

Art Del Rey Realty, Inc. License #00864033

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,905

Year Built

  • Built in 1987

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Front Yard

Parking

  • 10 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Guest Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Turnkey
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,612 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 29 / A
  • Tax Tract Number 8661
  • Assessor Parcel Number 8661013014
  • $1,078 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Foothills
  • Valley

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Horse Trails
  • Hiking Trails

Building Details

  • 5 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $473
  • Gardener Expense $2,400
  • Insurance Expense $2,924
  • Maintenance Expense $4,280
  • Other Expense $180
  • Trash Expense $2,407
  • Water Sewer Expense $3,754
  • New Taxes Expense $27,499
  • Operating Expense $40,097
  • Gross Income $1,300
  • Net Operating Income $104,203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,905

Year Built

Built in 1987

Lot Details

0

Parking

10

Listing Details

  • CapRate: 4.74
  • Price Per Unit: 439980
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • View: Yes
  • Water Sewer Expenses: 3754.00
  • Zoning: SDMFD*
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8661013014
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 498.70
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Guest, On Site, Private
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2407.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Storm Drains, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lot 20000-39999 Sqft, Rectangular Lot, Level, Sprinkler System
  • Lot Size Sq Ft: 20698.00
  • Lot Size Acres: 0.4752

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 922 Square Feet
  • Electric Expense: 473.00
  • Gross Income: 1300.00
  • Gross Operating Income: 148300.00
  • Gross Scheduled Income: 151300.00
  • Insurance Expense: 2924.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1300.00
  • Lot Size Area: 20698.0000 Square Feet
  • Maintenance Expense: 4280.00
  • Net Operating Income: 104203.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 44097.00
  • Other Expense: 180.00
  • Other Expense Description: GAS
  • Other Income Description: Laundry income
  • Rent Control: No
  • Total Expenses: 40097.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 27499.00
  • Tax Block: A
  • Tax Census Tract: 4004.03
  • Tax Lot: 29
  • Tax Tract Number: 8661
  • TaxOtherAnnualAssessmentAmount: 1078.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Apr 3, 2023
Sold by
Tomhb Llc
Bought by
121 East Baseline Road Llc
Seller's Agent
Phillip Castruita
PHILLIP CASTRUITA, REALTOR
Buyer's Agent
Pam Delrey
Art Del Rey Realty, Inc.
List Price
$2,199,900
Sold Price
$2,300,000
Premium/Discount to List
$100,100
4.55%
Total Days on Market
3
Views
41
Current Estimated Value
$1,654,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$645,822
Avg. Annual Appreciation
-14.72%

Purchase Details

Closed on
Aug 11, 2015
Sold by
Brunjes Thomas H and Brunjes Mary T
Bought by
Tomhb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2008
Sold by
Brunjes Thomas H and Brunjes Mary T
Bought by
Tomhb Llc

Purchase Details

Closed on
Apr 23, 2008
Sold by
Brunjes Thomas H and Brunjes Mary T
Bought by
Tomhb Llc

Purchase Details

Closed on
Mar 25, 2004
Sold by
Brunjes Thomas H and Brunjes Family Trust
Bought by
Brunjes Thomas H and Brunjes Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2000
Sold by
Brunjes Thomas H and Brunjes Mary T
Bought by
Brunjes Thomas H and Brunjes Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.13%

Purchase Details

Closed on
Aug 4, 2000
Sold by
Ingram Thomas L and Crawford Janice L
Bought by
Brunjes Tom H and Brunjes Mary T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.13%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,300,000 First American Title
Quit Claim Deed -- First American Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Orange Coast Title Company
Gift Deed -- --
Grant Deed $285,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $119,900 New Conventional
Previous Owner $144,000 New Conventional
Previous Owner $150,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Rented $2,300 0.0% --
03/10/2025 03/10/25 For Rent $2,300 0.0% --
05/11/2023 05/11/23 Sold $2,300,000 +4.6% $499 / Sq Ft
03/22/2023 03/22/23 For Sale $2,199,900 -4.4% $477 / Sq Ft
03/22/2023 03/22/23 Off Market $2,300,000 -- --
03/20/2023 03/20/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $2,199,900 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $15,905 $1,326,000 $1,020,000 $306,000
2023 $5,690 $412,755 $173,789 $238,966
2022 $5,592 $404,663 $170,382 $234,281
2021 $5,471 $396,730 $167,042 $229,688
2020 $5,400 $392,663 $165,330 $227,333
2019 $5,367 $384,965 $162,089 $222,876
2018 $5,047 $377,417 $158,911 $218,506
2016 $9,262 $760,000 $500,000 $260,000
2015 $4,771 $357,316 $150,448 $206,868
2014 $4,745 $350,317 $147,501 $202,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23044453

California Regional Multiple Listing Service (CRMLS)

APN: 8661-013-014