Private Seller Financing Available! We are pleased to exclusively offer for sale this rare offering featuring five LARGE single-story detached cottages situated on a spacious 20,892 square foot lot, presenting an ideal "value-add" investment opportunity. The property consists of one 3-Bedroom/1-Bath cottage and four 2-Bedroom/1-Bath cottages, totaling 4,864 square feet of rentable space. With three of the units to be delivered vacant at the close of escrow, investors have the immediate opportunity to bring rents to market, achieving a projected 5.82% CAP rate and 12.5 GRM.
Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard space—features that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric &' gas meters and two water meters (one for the front cottage and one for the remaining 4 units).
Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.
Each cottage offers tenants private garage parking, individual washer/dryer hookups, and either a private patio or front and back yard space—features that significantly enhance tenant satisfaction and leasing demand. A permitted sixth structure on the property which is currently used as storage offers excellent potential for conversion into an ADU, creating additional income potential (buyer to check with proper city authorities). Utility efficiency is built in with five separate electric &' gas meters and two water meters (one for the front cottage and one for the remaining 4 units).
Private Seller Financing is available with favorable terms: 25% minimum down payment, 6.5% interest-only payments, and a 7-year due and payable term. This property combines strong current income, immediate upside, and long-term development potential, making it a standout investment in the San Gabriel Valley market.
Property Details
Price:
$1,650,000
MLS #:
CV25099407
Status:
Active
Baths:
0
Address:
4158 La Rica Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
608baldwinpkirwindale
City:
Baldwin Park
Listed Date:
May 5, 2025
State:
CA
ZIP:
91706
Lot Size:
20,892 sqft / 0.48 acres (approx)
Year Built:
1962
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Schools
Interior
Appliances
None
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Central
Exterior
Community Features
Sidewalks
Fencing
Brick
Garage Spaces
7.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Paved, Garage
Parking Spots
12.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Map
Community
- Address4158 La Rica Avenue Baldwin Park CA
- Area608 – Baldwin Pk/Irwindale
- CityBaldwin Park
- CountyLos Angeles
- Zip Code91706
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4158 La Rica Avenue
Baldwin Park, CA
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