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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 6,400,000
Est. payment /mo
Pending
3541 Big Dalton Avenue Baldwin Park, CA 91706
21,600 SqFt
UPDATED:
02/12/2025 01:16 AM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 21,600 sqft
Price per Sqft $296
MLS Listing ID CV-25016680
Year Built 1964
Lot Size 1.461 Acres
Property Description
We are proud to present 3541-3545 Big Dalton Avenue, a 24-unit multifamily complex in San Gabriel Valley's city of Baldwin Park. 3541-3545 Big Dalton Avenue is perfectly situated in a dense rental pocket just two-blocks from Baldwin Park High School, Charles D Jones Middle School, and Vineland Elementary. Additionally, the property is only one-block away from big name retailers like Walmart, Home Depot, Target, Food 4 Less, LA Fitness, and more; tenants enjoy the extremely high walkability score the property offers. The city of Baldwin Park is located just off the 10 and 605 freeways, which is just 18-miles from DTLA and City of Commerce and a short 5-minute drive to City of Industry, which are homes to a considerable number of LA County's employers. Tenants also enjoy convenient commutes to frequently visited locations like Pasadena, Dodger Stadium, SoFi Stadium, Orange County, Western San Bernardino County, and everything in between. The property offers 24 large 2-Bedroom/1-Bathroom bungalow-style units with ?21,600 SF of building area and spans across a large ?64,000 SF lot. There are six, single-story duplexes on the west side of the lot with a shared two-car garage separating them. The remaining 12 units on the east side of the lot are within six, two-story duplexes also with attached garages and only sharing one common wall. Several upgrades have been made recently at the property including newly sealed asphalt in 2023, brand new exterior paint in 2021, two new owner electrical panels, and several interiors have been upgraded with quartz countertops and new flooring. 3541-3545 Big Dalton Ave in Baldwin Park is a promising income-producing property that offers a compelling long-term investment opportunity. A new investor can assume the existing debt, which features favorable 2.95% Interest Only payments extending to 2030. By taking on this debt, the investor can realize an above-market cash-on-cash return of approximately 8%. Situated in a sought-after neighborhood, this property presents a stable investment option for a wide range of investors, including first-time buyers, experienced professionals, and those seeking 1031 exchange benefits.
Location
State CA
County Los Angeles
Zoning BPR2*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Garage - Single Door
Garage Spaces 36.0
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 21-25 Units/Acre
Sewer Public Sewer