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4324 Walnut Street

Baldwin Park, CA 91706

PRICE REDUCED

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-$250,000 (-4.35%)

$5,500,000

List Price

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1964

calendar_month Built

Property 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.

Listing Information

List Price $5,500,000
Status Active
MLS CV24158561
Type Residential Income
Subtype Apartment
Year Built 1964
Lot Size 28,826
Structure Size N/A
DOM 15
Courtesy Of RE/MAX 2000 REALTY
Listing Agent Kristopher German DRE#01800021

Interior Features

Laundry Information
Location(s) Common Area, Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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Listing information courtesy of: Kristopher German, RE/MAX 2000 REALTY 626-427-0786. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:33 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.