4212 La Rica Avenue, Baldwin Park, CA 91706
Listing Presented By
A + Realty & Mortgage
Commercial Sale - Baldwin Park, CA
An investment opportunity: 16 units gated community, built in year 1986, each unit has 2-car parking spaces. It's been 100% occupied for years. No rent control, the roof is 2-year-old, fairly new; each unit has central A/C and heating system. There are all 2-bedrooms/ one bathroom in the all 16 units.Tenants pay their own electricity/gas bills, and the owner is responsible for "water", "trash", and "gardener".Total annual rental income is approximately $239040; annual expenses include:property tax, insurance, water, trash, common areaelectricity are about $197117. Close to markets, bus station, shopping centers, restaurants, Kaiser hospital, and freeway 10/605. Cap rate (from buyers' side could be at least 3% and up.
Built In: 1986
Last Updated: July 22, 2016
Posted: July 1, 2016