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$5,500,000
Est. payment /mo
0.7 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26096273
HOA Y/N No
Year Built 1986
Lot Size 0.697 Acres
Property Sub-Type Apartment
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 Park's welcoming, neighborhood-oriented atmosphere, multi-generational community appeal, and relative affordability compared to surrounding markets — all while benefiting from the city's strong long-term growth potential.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Park, Street Lights, Sidewalks
Total Parking Spaces 39
Private Pool No
Building
Lot Description Landscaped
Story 3
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 8544025022
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Josephine Lee A + Realty & Mortgage myagentjosephine@gmail.com, DRE #02022553
Nearby Locations
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