1980's Built Townhouses Offered at 5% CAP Rate!!! We are pleased to exclusively offer for sale this investment opportunity in the vibrant Baldwin Park area which features 13 expansive, two-story townhouses, built in 1984. This pride of ownership asset encompasses a total rental space of 15,746 sq ft on a generous 24,653 sqft lot. With a favorable 5% CAP Rate (current) and a 13.58 GRM, this stands as a prime investment. The property's unit mix includes one detached 3 Bed/3 Bath two-story townhouse, ten 3 Bed/2 Bath townhouses, and two 2 Bed/2 Bath townhouses. Each townhouse boasts private 2-car attached garages with direct entry to the ground floor, central air conditioning and heating, private patios and balconies, and convenient interior washer/dryer hookups. Additionally, each unit features a ground floor bedroom, catering to diverse living needs. Significant recent improvements add to the property's value, with two units completely remodeled and a durable TPO coating applied to the roof. All air conditioning units have been replaced within the last ten years, underscoring the seller's commitment to maintaining high standards. Financially, the property is poised for success from the outset, with tenants covering all utility costs, thanks to separate meters for water, electricity, and gas. Located in a prime SGV location, it offers a substantial 37% potential upside in rental income, making it an attractive option for investors seeking a property with strong growth prospects.
1980's Built Townhouses Offered at 5% CAP Rate!!! We are pleased to exclusively offer for sale this investment opportunity in the vibrant Baldwin Park area which features 13 expansive, two-story townhouses, built in 1984. This pride of ownership asset encompasses a total rental space of 15,746 sq ft on a generous 24,653 sqft lot. With a favorable 5% CAP Rate (current) and a 13.58 GRM, this stands as a prime investment. The property's unit mix includes one detached 3 Bed/3 Bath two-story townhouse, ten 3 Bed/2 Bath townhouses, and two 2 Bed/2 Bath townhouses. Each townhouse boasts private 2-car attached garages with direct entry to the ground floor, central air conditioning and heating, private patios and balconies, and convenient interior washer/dryer hookups. Additionally, each unit features a ground floor bedroom, catering to diverse living needs. Significant recent improvements add to the property's value, with two units completely remodeled and a durable TPO coating applied to the roof. All air conditioning units have been replaced within the last ten years, underscoring the seller's commitment to maintaining high standards. Financially, the property is poised for success from the outset, with tenants covering all utility costs, thanks to separate meters for water, electricity, and gas. Located in a prime SGV location, it offers a substantial 37% potential upside in rental income, making it an attractive option for investors seeking a property with strong growth prospects.