NOT LISTED FOR SALE

5749 Baldwin Ave Temple City, CA 91780

1 Bed
1 Bath
4,752 Sq Ft
0.41 Acres

Last Sold January 14, 2022

Last sale price $2,775,000 $584 Per Sq Ft

4 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 1-Story Property
  • La Rosa Elementary Rated A
  • Level Lot

About This Home

As of January 2022

5741 - 5749 Baldwin Avenue is an 8-unit multifamily investment property located in Arcadia, a premier rental market in Los Angeles County, California. 5741 - 5749 Baldwin Avenue consists of two, single-story fourplexes on contiguous parcels. The property offers 100 percent one-bedroom units and amenities including security doors, a central courtyard, garage parking, and in-unit laundry hookups. Current ownership has invested significant capital in property improvements including a full roof replacement and renovations such as new carpeting, laminate wood flooring, and quartz countertops to select units. Through continued renovations, new ownership could increase rental income by more than 60 percent. 5741 - 5749 Baldwin Avenue is well positioned moments away from the intersection of Baldwin Avenue and Las Tunas Drive, two principal retail and transportation thoroughfares for the region. This excellent location places residents nearly equidistant to major retail centers such as Westfield Santa Anita to the north and Santa Fe Trail Plaza to the south. Additionally, the property is just over one mile from Rosemead Boulevard, an arterial highway that connects Interstate 10 to Interstate 210, providing residents with multiple commute options to regional employment hubs throughout Los Angeles County.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/29/2021

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 11/29/2021

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1948

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Level Lot
  • Lawn
  • 8587034010

Parking

  • 8 Car Garage

Interior Spaces

  • 4,752 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 387
  • Tax Tract Number 6561
  • Assessor Parcel Number 8587034009
  • $1,230 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,434
  • Fuel Expense $1,434
  • Insurance Expense $3,132
  • Maintenance Expense $4,000
  • Other Expense $7,075
  • Trash Expense $1,434
  • Water Sewer Expense $1,434
  • New Taxes Expense $30,251
  • Operating Expense $50,194
  • Gross Income $97,440
  • Net Operating Income $44,323

Property Details

Home Type

Apartment

Year Built

Built in 1948

Lot Details

0

Parking

8

Listing Details

  • Price Per Unit: 336875
  • Property Attached: No
  • Water Sewer Expenses: 1434.00
  • Zoning: ARR3YY
  • Property Type: Residential Income
  • Parcel Number: 8587034009
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 583.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1434.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 8587034010
  • Land Lease: No
  • Lot Features: Lawn, Level
  • Lot Size Sq Ft: 17675.00
  • Lot Size Acres: 0.4058

Multi Family

  • Electric Expense: 1434.00
  • Fuel Expense: 1434.00
  • Gross Income: 97440.00
  • Gross Operating Income: 94517.00
  • Gross Scheduled Income: 97440.00
  • Insurance Expense: 3132.00
  • Lot Size Area: 17675.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 44323.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 50194.00
  • Other Expense: 7075.00
  • Other Expense Description: Misc
  • Rent Control: Yes
  • Total Actual Rent: 8120.00
  • Total Expenses: 50194.00
  • Vacancy Allowance: 2923

Tax Info

  • New Taxes Expense: 30251.00
  • Tax Census Tract: 4316.00
  • Tax Lot: 387
  • Tax Tract Number: 6561
  • TaxOtherAnnualAssessmentAmount: 1230.00

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
01/14/2022 01/14/22 Sold $2,775,000 +3.0% $584 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $2,695,000 -- $567 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2022

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    145 Total Sales

    Tyler Leeson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21256076

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Temple City 91007

5749 Baldwin Ave, Temple City, CA

This home is located at 5749 Baldwin Ave, Temple City, CA 91780 since 29 November 2021. This property was built in 1948. 5749 Baldwin Ave is a home located in Los Angeles County with nearby schools including La Rosa Elementary, Oak Avenue Intermediate School, and Temple City 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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