Homes for sale - 4158 La Rica AVE, Baldwin Park, CA 91706

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25099407

HOA Y/N No

Year Built 1962

Lot Size 0.480 Acres

Property Sub-Type Apartment

Property Description

Private Seller Financing Available! We are pleased to exclusively offer for sale this rare offering featuring five LARGE single-story detached cottages situated on a spacious 20,892 square foot lot, presenting an ideal "value-add" investment opportunity. The property consists of one 3-Bedroom/1-Bath cottage and four 2-Bedroom/1-Bath cottages, totaling 4,864 square feet of rentable space. With three of the units to be delivered vacant at the close of escrow, investors have the immediate opportunity to bring rents to market, achieving a projected 5.82% CAP rate and 12.5 GRM.

Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard space—features that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric & gas meters and two water meters (one for the front cottage and one for the remaining 4 units).

Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.

Location

State CA

County Los Angeles

Area 608 - Baldwin Pk/Irwindale

Zoning BPR3*

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features Assigned,Garage,Paved

Garage Spaces 7.0

Garage Description 7.0

Fence Brick

Pool None

Community Features Sidewalks

Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8544025031

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard