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Sold on 12/30/2024
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309 S Baldwin Ave, Arcadia, CA 91007

$3,100,000

Last sold 12/30/2024 after 25 Days

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    bed

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    bath

Multi-family not for sale

About 309 S Baldwin Ave

Property type Multi-family
Year built 1956
HOA fee $0/month
Lot size 0.51 Acre
Parking 8 garage spaces
Rental estimate
Property description
Prime Investment Opportunity: 8-Unit Building in Arcadia Presenting a rare investment opportunity in the heart of Arcadia, this well-maintained 8-unit building is ideally located directly across from the highly sought-after Shops at Santa Anita, offering unmatched convenience and potential for strong rental demand. With a mix of spacious units, this property provides a steady income stream in one of the most desirable areas of the San Gabriel Valley. 4 x 2-Bedroom, 1-Bath Units – Each unit offers ample living space with comfortable bedrooms and well-appointed bathrooms, perfect for families or professionals. 4 x 1-Bedroom, 1-Bath Units – These units provide a cozy living environment with excellent amenities. Prime Location – Situated just across the street from the upscale Shops at Santa Anita, tenants enjoy easy access to shopping, dining, entertainment, and public transportation, as well as proximity to major freeways and highly rated schools. Strong Rental Potential – The desirable Arcadia location, combined with the property's well-maintained condition, ensures ongoing tenant interest and a reliable rental income. Parking – Ample on-site parking for tenants, providing added convenience in this busy neighborhood. Investment-Grade Property – With its strategic location and versatile unit mix, this property offers both immediate cash flow and long-term growth potential. Don’t miss out on the chance to secure this incredible investment in Arcadia.
Listed by
Listing Agent - Tony Regazzi
Listing Agent Contact: 714-864-8609
Listing Office - Keller Williams Rlty Whittier
Source: CRMLS mls logo
MLS#DW24244951 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.5051
Lot Size (SqFt) 22002
Year Built 1956
Condition Updated/Remodeled
Interior
Laundry Common Area
Other Room(s) All Bedrooms Down
Exterior
Building Area Square Feet, 7432
Roof Composition
Parking Assigned, Garage
# Uncovered Spaces 12
# Parking Spaces 20
# Garage Spaces 8
Lot Description 16-20 Units/Acre, Landscaped, Lot 20000-39999 Sqft
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Sidewalks, Suburban
Zoning ARR1YY
Directions North Of Huntington, South Of The Arboretum
APN 5777026018
Multifamily Details
Expense: Trash 1143
Laundry Income 85
Operating Expense 63470
Cap Rate 4.1
Expense: Insurance 3529
Total Expenses 63470
Expense: Maintenance 5435
Expense: Water/ Sewer 2765
Gross Income 127141
Gross Operating Income 185091
Expense: Electric 423
Gross Scheduled Income 185091
Expense: Gardener 3600
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $2,105/month
Gross rent multiplier: 122.7
  • Dec 2024
    mls logo MLS # DW24244951
  • Dec 30, 2024 Sold
    $3,100,000
  • Dec 18, 2024 Active
    —
  • Dec 5, 2024 Listed
    $3,100,000 (-17.3%)
  • Apr 2024
    mls logo MLS # 23-314203
  • Apr 2, 2024 Price Change
    $3,750,000 (-8.5%)
  • Sep 22, 2023 Listed
    $4,100,000
  • 309 S Baldwin Ave
    $3.1M
  • —
  • 91007
    $1.49M -25% y/y
  • Arcadia
    $1.55M -13% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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