Baldwin Park, CA 91706,4158 La Rica Avenue
Listed by Kristopher German • RE/MAX 2000 REALTY
Bought with TING CHU • IRN REALTY

$1,880,000

Est. payment /mo

$1,650,000

13.9%
Est.Price: ?

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4158 La Rica Avenue Baldwin Park, CA 91706

4,864 SqFt

SOLD DATE : 06/05/2025

Key Details

Sold Price $1,880,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,864 sqft

Price per Sqft $386

MLS Listing ID CRCV25099407

Sold Date 06/05/25

HOA Y/N No

Year Built 1962

Lot Size 0.480 Acres

Property Sub-Type Other

Source Datashare California Regional

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

Location

State CA

County Los Angeles

Interior

Heating Other

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Other

Exterior

View None

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Bay East AOR and Contra Costa AOR
agent

Britney Luong

+1(510) 701-8850

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