$1,415,000
SOLD DEC 21, 2018

3840 Baldwin Ave El Monte, CA 91731

Northwest El Monte Neighborhood
6 Beds
5 Baths
4,236 Sq Ft
0.6 Acres

Recently Sold

$334 Per Sq Ft

6% Below List Price

142 Days on Market

Highlights

  • 0.6 Acre Lot
  • No HOA
  • 1-Story Property
  • Rosemead High School Rated A
  • Laundry Room
  • 2-minute walk to Baldwin Ave Mini Park

About This Home

As of May 2023

The subject property consists of six apartment units and one non-conforming unit (6+1) with approximately 4,236 rentable square feet. The improvements include six single-story individual cottages constructed in 1951. The lot size is 26,240 SQFT (.60 acres) and is currently zoned R-3. This is a possible re-development opportunity, please verify with city.

The Baldwin Apartments consist of 4 one bedroom/one bathroom units, 1 two-bedroom/one bathroom unit, 1 three bedroom/two bathroom unit, and 1 non-conforming studio. The apartments are individually metered for gas & electricity and have individual water heaters (except studio).

Last Agent to Sell the Property

David Covarrubias

MARCUS & MILLICHAP Listed on: 07/23/2018

Co-Listed By

Douglas McCauley

MARCUS & MILLICHAP

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.6 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Interior Spaces

  • 4,236 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 8578 / 008
  • Tax Tract Number 27
  • Assessor Parcel Number 8578008027

Community Details

Overview

  • No Home Owners Association
  • 6 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $2,084
  • Maintenance Expense $5,000
  • Other Expense $1,500
  • Trash Expense $3,700
  • Water Sewer Expense $1,500
  • New Taxes Expense $22,649
  • Operating Expense $37,153
  • Gross Income $92,961
  • Net Operating Income $55,808

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • CapRate: 3.72
  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: EMC3*
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 8578008027
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 334.04

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 26240.00
  • Lot Size Acres: 0.6024

Multi Family

  • Gross Income: 92961.00
  • Gross Multiplier: 15.97
  • Gross Operating Income: 92961.00
  • Gross Scheduled Income: 93900.00
  • Insurance Expense: 2084.00
  • Lot Size Area: 26240.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 55808.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 37153.00
  • Other Expense: 1500.00
  • Rent Control: No
  • Total Expenses: 37153.00
  • Vacancy Allowance Rate: 1.00

Tax Info

  • New Taxes Expense: 22649.00
  • Tax Block: 008
  • Tax Census Tract: 4328.02
  • Tax Lot: 8578
  • Tax Tract Number: 027

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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
05/18/2023 05/18/23 Sold $1,700,000 +41.7% $401 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $1,200,000 -15.2% $283 / Sq Ft
12/21/2018 12/21/18 Sold $1,415,000 -5.7% $334 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $1,500,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dean Abston

    Seller's Agent in 2023

    Dean Abston

    Berkshire Hathaway HomeServices California Properties

    (818) 501-4800

    1 in this area

    48 Total Sales

    Dean Abston
    Section Image
  • Nader Naderi

    Buyer's Agent in 2023

    Nader Naderi

    Berkshire Hathaway HomeServices California Properties

    (818) 489-8955

    1 in this area

    48 Total Sales

    Nader Naderi
    Section Image
  • David Covarrubias

    Seller's Agent in 2018

    David Covarrubias

    MARCUS & MILLICHAP

    (909) 456-3400

    46 Total Sales

    David Covarrubias
    Section Image
  • Douglas McCauley

    Seller Co-Listing Agent in 2018

    Douglas McCauley

    MARCUS & MILLICHAP

    (909) 456-3493

    44 Total Sales

    Douglas McCauley
    Section Image

  • N

    Buyer Co-Listing Agent in 2018

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    2 in this area

    5,730 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18177439

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County El Monte 91731 Northwest El Monte

3840 Baldwin Ave, El Monte, CA

This home is located at 3840 Baldwin Ave, El Monte, CA 91731 and is currently priced at $1,415,000, approximately $334 per square foot. This property was built in 1951. 3840 Baldwin Ave is a home located in Los Angeles County with nearby schools including Shirpser Elementary School, Gidley Elementary School, and Rosemead High School.

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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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