$9,500,000
$1M PRICE DROP

Estimated payment $60,862/month

Total Views 11,562
40 Beds
2 Baths
26,969 Sq Ft
$352 Price per Sq Ft

Highlights

  • 1.37 Acre Lot
  • Community Pool
  • Laundry Room

About This Home

Vincent Village Apartments, located at 4810 North Vincent Avenue in unincorporated Los Angeles County, California. The property offers a compelling financial advantage with an assumable loan of approximately $4,650,000 with Chase Bank, payable at a 3.49% fixed interest rate through May 2027. Constructed in 1984, this 38+2 unit multifamily investment is situated on a spacious 1.37-acre parcel with an approximate building size of 26,969 square feet. The property comprises thirty-eight two-bedroom/one-bathroom units and two non-conforming studio/one-bathroom units. Select units feature laminate/tile flooring, granite or quartz countertops, dishwashers, and private patios or balconies. All apartments are equipped with wall A/C and heating units, gas ranges, and are individually metered for gas and electricity. Additional amenities include two central water heaters, copper plumbing, a gated entry, swimming pool, on-site laundry facility (leased), a manager’s office with bathroom, and a greenbelt area with the potential to build eight ADUs. Parking accommodations consist of 41 carport spaces and 32 open parking spaces, along a concrete driveway. Unincorporated Los Angeles County is subject to its own rent control ordinance (buyer to verify).

Vincent Village Apartments is ideally positioned in the San Gabriel Valley, offering seamless connectivity to Interstate 10, 210, 57, and 605 freeways, and within proximity to Downtown Los Angeles. The area is supported by convenient public transportation via the Covina and Baldwin Park Metrolink Stations, giving residents multiple commuting options for work, entertainment, and shopping. Adding to its appeal, the property is located near several reputable educational institutions, including Cedargrove Elementary School, Grovecenter Elementary, and Barranca Elementary School, all within a
two-mile radius—enhancing its attractiveness to long-term family tenants. For higher education, nearby colleges include Azusa Pacific University, Citrus
College, and Mt. San Antonio College, each offering robust academic programs and convenient access for student tenants or faculty members.

Residents also benefit from close proximity to major retail and grocery amenities. Vincent Village Apartments presents a rare opportunity to acquire a well-located, stabilized multifamily asset with strong fundamentals, attractive assumable financing, and long-term growth potential in a high-demand rental market.

Listing Agent

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 06/05/2025

Co-Listing Agent

David Covarrubias

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 1.37 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment

Interior Spaces

  • 26,969 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 2 Bathrooms

Parking

  • 32 Open Parking Spaces
  • 73 Parking Spaces
  • 41 Carport Spaces

Listing and Financial Details

  • Tax Lot 46
  • Tax Tract Number 405
  • Assessor Parcel Number 8410012026
  • $10,745 per year additional tax assessments

Community Details

Overview

  • 5 Buildings
  • 40 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $14,856
  • Fuel Expense $10,000
  • Gardener Expense $5,950
  • Insurance Expense $18,830
  • Maintenance Expense $39,750
  • Pest Control $1,800
  • Pool Expense $6,150
  • Professional Management Expense $50,231
  • Supplies Expense $1,218
  • Trash Expense $12,588
  • Water Sewer Expense $16,899
  • New Taxes Expense $122,550
  • Operating Expense $303,715
  • Gross Income $791,543
  • Net Operating Income $487,828

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • CapRate: 5.14
  • Price Per Unit: 237500
  • Professional Management Expense: 50231.00
  • Property Attached: Yes
  • Supplies Expense: 1218.00
  • Water Sewer Expenses: 16899.00
  • Zoning: LCR318UDP*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 5950.00
  • Parcel Number: 8410012026
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Secured Gate
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 352.26

Exterior Features

  • Pool Expense: 6150.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 41.00
  • Total Parking Spaces: 73.00
  • Uncovered Spaces: 32.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1800.00
  • Sewer: Public Sewer
  • Trash Expense: 12588.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 59747.00
  • Lot Size Acres: 1.3716

Multi Family

  • Electric Expense: 14856.00
  • Fuel Expense: 10000.00
  • Gross Income: 791543.00
  • Gross Operating Income: 791543.00
  • Gross Scheduled Income: 795024.00
  • Insurance Expense: 18830.00
  • Laundry Income: 12419.00
  • Lot Size Area: 59747.0000 Square Feet
  • Maintenance Expense: 39750.00
  • Net Operating Income: 487828.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 40
  • Operating Expense: 303715.00
  • Rent Control: Yes
  • Total Expenses: 303715.00
  • Vacancy Allowance: 15900

Tax Info

  • New Taxes Expense: 122550.00
  • Tax Census Tract: 4058.00
  • Tax Lot: 46
  • Tax Tract Number: 405...
  • TaxOtherAnnualAssessmentAmount: 10745.00

Map

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
08/29/2025 08/29/25 Price Changed $9,500,000 -5.0% $352 / Sq Ft
07/17/2025 07/17/25 Price Changed $9,998,000 -4.8% $371 / Sq Ft
06/05/2025 06/05/25 For Sale $10,500,000 -- $389 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25125484

California Regional Multiple Listing Service (CRMLS)