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$ 10,800,000
Est. payment | /mo
5 Beds
4 Baths
1.64 Acres Lot
$ 10,800,000
Est. payment | /mo
5 Beds
4 Baths
1.64 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26029947
Bedrooms 5
Lot Size 1.643 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present Villa Monterey, a Well-Maintained 41-Unit Asset Located at 3108 Vineland Avenue in the city of Baldwin Park. Situated one block from the 10 Freeway, this pride-of-ownership property benefits from a high-demand rental pocket, proximity to major retail hubs, and consistent occupancy levels. Baldwin Parks central location and the propertys historical stability make this an ideal investment choice for steady rental income and long-term appreciation in the heart of the San Gabriel Valley. Villa Monterey is a 41-unit community featuring a total building size of 35,954 SF situated on an expansive 71,546 SF lot (1.64 Acres). The property features an excellent unit mix consisting of (20) 1-bedroom/1-bathroom, (10) 2-bedroom/1-bathroom, and (11) 2-bedroom/2-bathroom floor plans with an impressive average unit size of 879 SF. Meticulously cared for, the asset features an open garden-style layout with amenities that include a swimming pool, ample covered parking, secured access, storage space, and two on-site laundry facilities. Units are well-appointed with high-speed internet access, AC & heating, ceiling fans, and full kitchen appliances including dishwashers. This opportunity features an assumable loan at a 2.95% interest-only rate until June 2030. This rare financing allows a new investor to realize a 6.84% Cash-on-Cash return on current income, with the potential to reach a 11.05% return on pro forma income. The property currently operates at a 4.84% Cap Rate, with a clear path to a 6.90% Cap Rate at market rents. The City of Baldwin Park is ideally locate
Location
State CA
County Los Angeles
Zoning Assessor
Direction Merge onto I-10 W, Take exit 32B toward Francisquito Ave, Continue straight onto Vineland Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Below Ground, Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8555019116
Acceptable Financing Cash
Listing Terms Cash
Listed by Eric Chen • CB RICHARD ELLIS
Nearby Locations
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