3840 Baldwin Avenue

    El Monte, CA 91731
    • $1,500,000
    • STATUS: Active
    • ON SITE: 115 days
    • ID#: CV18177439
    UPDATED: 41 min ago
    $1,500,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,236
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    The subject property consists of six apartment units and one non-conforming unit (6+1) with approximately 4,236 rentable square feet. The improvements include six single-story individual cottages constructed in 1951. The lot size is 26,240 SQFT (.60 acres) and is currently zoned R-3. This is a possible re-development opportunity, please verify with city. The Baldwin Apartments consist of 4 one bedroom/one bathroom units, 1 two-bedroom/one bathroom unit, 1 three bedroom/two bathroom unit, and 1 non-conforming studio. The apartments are individually metered for gas & electricity and have individual water heaters (except studio).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/85887549

    3840 Baldwin Avenue El Monte, CA 91731

    • Price: $1,500,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: CV18177439
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    4,236
    SQFT
    $354
    $/SQFT
    1951
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    The subject property consists of six apartment units and one non-conforming unit (6+1) with approximately 4,236 rentable square feet. The improvements include six single-story individual cottages constructed in 1951. The lot size is 26,240 SQFT (.60 acres) and is currently zoned R-3. This is a possible re-development opportunity, please verify with city. The Baldwin Apartments consist of 4 one bedroom/one bathroom units, 1 two-bedroom/one bathroom unit, 1 three bedroom/two bathroom unit, and 1 non-conforming studio. The apartments are individually metered for gas & electricity and have individual water heaters (except studio).
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Area Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.72 Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 92961.00 Gross Multiplier 15.97 Gross Operating Income 92961.00 Gross Scheduled Income 93900.00 Insurance Expense 2084.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5000.00 Net Operating Income 55808.00 New Construction YN No New Taxes Expense 22649.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 7 Operating Expense 37153.00 Other Expense 1500.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 37153.00 Trash Expense 3700.00 Vacancy Allowance Rate 1.00 Water Sewer Expense 1500.00 Water Source Public Zoning Emc3*

    Listing provided courtesy of David Covarrubias of Marcus & Millichap and Douglas Mccauley of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-16T19:36:21.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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