NOT LISTED FOR SALE

3702 Merced Ave Baldwin Park, CA 91706

5 Beds
3 Baths
21,316 Sq Ft
0.89 Acres

Last Sold April 15, 2013

Last sale price $3,595,000 $169 Per Sq Ft

5 Days on Market

Highlights

  • 0.89 Acre Lot
  • Laundry Room
  • Level Lot
  • Sierra Vista High Rated A-

About This Home

As of April 2013

PLEASE DO NOT DISTURB TENANTS!! TENANTS ARE UNAWARE ABOUT THE SALE!

3702-3708 Merced Ave is an 18-units townhouse style apartment located in City of Baldwin Park, California. The property was built in 1988, a non rent controlled investment offering. It is situated on a large lot size of 38,311 square feet and consists of four (4) two-stories buildings.

The property is unique because each unit is separately metered for water, electricity and gas in addition to attached garage with direct access to unit. The property has ample parking with total of 43 spaces (18 individual garage spaces and 25 open parking stalls).

The property offers an excellent unit mix of eight (8) 3 bedroom+2-1/2 bathroom units and ten (10) 2 bedroom+1-1/2 bathroom units. Average size per unit is a large ±1,185 square feet (buyer to verify). Each unit has central A/C, laundry hookups, individual water heater, private patio and balcony, direct access to garage, combination of laminate, carpet, and tiled flooring, and abundant storage cabinets.

The property is located at the heart of Baldwin Park with easy access to FWY 210 and FWY 605. Its major intersection is Ramona Blvd which offers many retail stores that provide additional convenience to tenants.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 01/11/2013

Last Buyer's Agent

Suzie Koo

Keller Williams Realty License #00915365

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.89 Acre Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 18 Car Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • 21,316 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 6285
  • Assessor Parcel Number 8553003037

Community Details

Overview

  • 4 Buildings
  • 18 Units
  • Valley

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 18 Separate Water Meters
  • Electric Expense $975
  • Gardener Expense $1,920
  • Insurance Expense $2,894
  • Maintenance Expense $4,890
  • Pest Control $200
  • Trash Expense $6,020
  • Water Sewer Expense $456
  • New Taxes Expense $48,053
  • Gross Income $23,590
  • Net Operating Income $202,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

18

Listing Details

  • Assessments: Yes
  • CapRate: 5.64
  • Other Phone Description: Agent Direct#
  • Other Phone Number: 626.594.4900
  • Price Per Unit: 199700
  • Property Attached: Yes
  • Water Sewer Expenses: 456.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 8553003037
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 168.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 43.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 200.00
  • Trash Expense: 6020.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 38535.00
  • Lot Size Acres: 0.8850

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 975.00
  • Gross Income: 23590.00
  • Gross Scheduled Income: 283080.00
  • Insurance Expense: 2894.00
  • Lot Size Area: 38535.0000 Square Feet
  • Maintenance Expense: 4890.00
  • Net Operating Income: 202872.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 18
  • Number Of Units Total: 18
  • Operating Expense: 71715.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 23590.00
  • Vacancy Allowance: 8492
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 48053.00
  • Tax Lot: 1
  • Tax Tract Number: 6285
  • Tax Year: 2011

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2013 04/15/13 Sold $3,595,000 0.0% $169 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $3,595,000 -- $169 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13004320

California Regional Multiple Listing Service (CRMLS)