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Listed by Josephine Lee, DRE #02022553 • A + Realty & Mortgage
$ 5,500,000
Est. payment /mo
New
4212 La Rica Baldwin Park, CA 91706
0.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26096273
Year Built 1986
Lot Size 0.697 Acres
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Interior
Laundry Other
Exterior
Garage Spaces 39.0
Pool None
Building
Water District - Public
Others
Tax ID 8544025022
Special Listing Condition Not Applicable
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