4324 Walnut Street
Baldwin Park, CA 91706
0.66 acres | #CV24158561
Description
NEW PRICE! Only $229,000 per unit for all 2Bed/1Bath units in the prime San Gabriel Valley rental market! We are delighted to present this exceptional 24-unit multi-family residential investment opportunity, strategically located in the highly sought-after rental market of Baldwin Park. This well maintained property occupies a substantial 28,826 square foot lot, featuring 17,856 square feet of rentable space, composed exclusively of well-designed 2-bedroom/1-bathroom units.
Each unit is individually metered for both electricity and gas, ensuring ease of utility management and cost distribution among the tenants. The property boasts onsite amenities including ample carport parking and a laundry facility, both of which enhance tenant convenience and contribute positively to retention rates. Furthermore, a handful of units have been upgraded with modern copper plumbing and updated electrical panels, significantly boosting the functionality and attractiveness of these spaces.
For the astute investor, this property offers a compelling value-add proposition with the possibility of realizing over a 60% increase in rental income. This presents a substantial opportunity to reposition the asset and maximize returns in a market that highly values and rewards quality rental offerings.
This fully occupied, income-producing property represents a rare and lucrative investment and the opportunity to secure a significant asset with tremendous potential for revenue enhancement.
Property Details
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
- Stories2
Measurements
- Acres0.6618
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1964
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$5,750,000
Other
- MLS #CV24158561
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kristopher German (#CV33418)
Listing Office: RE/MAX 2000 REALTY (#51247)
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