309 S Baldwin Ave Arcadia , CA 91007
Sale
$3,750,000
8 Units
12 Beds
8 Baths
7,432 Area(sq.ft.)
21,996 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,633 | $ 6,530 | $ 9,500 |
| Unit 2 | 4 | 2 | 1 | No | $ 2,488 | $ 9,950 | $ 11,400 |
| 2 | 8 | 12 | 8 | $ 16,484 | $ 65,920 | $ 83,600 |
| MLS #: | 23-314203 |
| Days On Market: | 208 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 505 |
| Price per unit: | $ 468,750 |
| Year Built: | 1956 |
Property Details
Comprised of two buildings built-in 1956 on an oversized 21,996 square foot R3-R lot, 309-311 South Baldwin Avenue is a single-story, eight-unit multifamily property with a total living area of 7,432 square feet. Spotted by a signature wishing well, and easily recognizable by residents and fellow investors in the area as a Karyn Jackson building, the meticulously maintained property is separately metered for gas and electric, and offers an on-site laundry facility and three large storage rooms. Parking is in the rear of the property with eight garages with storage bins and a minimum of six open spaces.309-311 South Baldwin Avenue boasts an excellent unit mix with four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The units are charming and spacious, with central air & heat, ample closet space, and private patios. Several units have been fully renovated, three units have fireplaces (309A, 309D & 311A), and all units have hardwood floors. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTSInterested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 196,192 |
| Total Annual Expense: | $ 72,538 |
| Net Operating Income: | $ 123,654 |
| Gross Annual Income: | $ 202,260 |
| Gross Rent Multiplier: | 18.96 |
Structure
| Type of Units: | Multifamily |
| Buildings: | 2 |
| Levels: | One |
Land & Parking
| Zoning: | R3-R |
| Parking Garage: | Garage - 1 Car, Uncovered |
| Total Parking: | 14 |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Central |
| Equipment: | Range/Oven |
| Heating: | Central |
| Fireplace Rooms: | Living Room |
| Laundry: | Community |
Exterior
| Exterior Construction: | Frame, Stucco |
| Pool: | No |
| Spa: | No |
Detailed Map
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