NOT LISTED FOR SALE

3724 Baldwin Park Blvd Baldwin Park, CA 91706

10 Beds
10 Baths
5,419 Sq Ft
10,640 Sq Ft Lot

Last Sold April 29, 2021

Last sale price $1,610,000 $297 Per Sq Ft

12 Days on Market

About This Home

As of April 2021

We are pleased to exclusively offer for sale this 9 unit multi-family investment (with 1 office space) in the city of Baldwin Park. The subject property has a unit mix of 1(2bed/1bth), 8(1bed/1bth)s, and 1 office space (roughly 350 sqft). The units are situated on a 10,640 sqft lot and are separately metered for electricity and gas. Tenants enjoy onsite open space parking as well as an onsite laundry facility. Having been held under the same ownership for 35+years, the current rental rates are well below market offering a repositioning opportunity of 40+/-% upside in rental income.

Last Agent to Sell the Property

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/20/2021

RE/MAX 2000 REALTY

Last Buyer's Agent

Kristopher German

RE/MAX 2000 REALTY License #01800021 Listed on: 01/20/2021

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 10,640 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 5,419 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Additional Features

  • Laundry Room
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 53
  • Tax Tract Number 3889
  • Assessor Parcel Number 8553017015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $333
  • Fuel Expense $492
  • Insurance Expense $2,168
  • Maintenance Expense $4,500
  • Other Expense $1,350
  • Trash Expense $3,719
  • Water Sewer Expense $2,759
  • New Taxes Expense $21,711
  • Operating Expense $37,032
  • Gross Income $112,200
  • Net Operating Income $71,802

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2759.00
  • Zoning: BPC1*
  • Property Type: Residential Income
  • Parcel Number: 8553017015
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 297.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3719.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10640.00
  • Lot Size Acres: 0.2443

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 333.00
  • Fuel Expense: 492.00
  • Gross Income: 112200.00
  • Gross Operating Income: 108834.00
  • Gross Scheduled Income: 112200.00
  • Insurance Expense: 2168.00
  • Laundry Income: 1200.00
  • Lot Size Area: 10640.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 71802.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 37032.00
  • Other Expense: 1350.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 37032.00
  • Vacancy Allowance: 3366

Tax Info

  • New Taxes Expense: 21711.00
  • Tax Census Tract: 4052.02
  • Tax Lot: 53
  • Tax Tract Number: 3889

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
04/29/2021 04/29/21 Sold $1,610,000 -8.0% $297 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $1,750,000 -- $323 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kristopher German

    Seller's Agent in 2021

    Kristopher German

    RE/MAX

    (909) 645-0443

    7 in this area

    118 Total Sales

    Kristopher German
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21012576

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Baldwin Park 91706

3724 Baldwin Park Blvd, Baldwin Park, CA

This home is located at 3724 Baldwin Park Blvd, Baldwin Park, CA 91706 since 20 January 2021. This property was built in 1962. 3724 Baldwin Park Blvd is a home located in Los Angeles County with nearby schools including Vineland Elementary, Charles D. Jones Junior High School, and Baldwin Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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