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$ 5,500,000
Est. payment | /mo
8 Beds
4 Baths
0.7 Acres Lot
$ 5,500,000
Est. payment | /mo
8 Beds
4 Baths
0.7 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 TR26096273
Bedrooms 8
Lot Size 0.697 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
4212 La Rica presents a rare investment opportunity in the vibrant and centrally connected city of Baldwin Park proudly known as the Hub of the Valley. Ideally positioned near the I-10, I-605, and 210 freeways, the property offers residents convenient access to Downtown Los Angeles, Pasadena, Orange County, and the Inland Empire, making it highly desirable for commuters and long-term tenants alike. Professionally managed and meticulously maintained, this 16-unit property features spacious two-bedroom, one-bath floor plans with an impressive average unit size of approximately 945 square feet. Recent capital improvements include new roof, fresh exterior paint, and a newly paved driveway and parking area, while in-unit laundry hookups further enhance resident convenience and appeal. The property has benefited from extensive upgrades over the years, reflecting pride of ownership throughout. Approximately 90% of the tenants are currently on month-to-month leases, providing a new owner with significant upside potential through the ability to adjust rents toward current market levels. In addition, each unit is separately metered for utilities, helping minimize ownership expenses and improve operational efficiency. Situated in a highly walkable location, the property is just moments from the city library, City Hall, offices, schools, fitness centers, places of worship, shopping centers, grocery markets, and a wide variety of dining and retail destinations, including Dollar Tree, McDonald's, and Starbucks. Residents are drawn to Baldwin Parks welcoming, neighborhood-oriented atmosp
Location
State CA
County Los Angeles
Zoning Assessor
Direction One block west of Baldwin Park Blvd, North of Ramona Blvd, Cross Street: Ramona Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 8544025022
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Josephine Lee, DRE#02022553 A + Realty & Mortgage
Nearby Locations
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