$2,300,000
$2,199,900
4.6%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 05/11/2023
Key Details
Sold Price $2,300,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23044453
Sold Date 05/11/23
Construction Status Turnkey
HOA Y/N No
Year Built 1987
Lot Size 0.475 Acres
Property Description
Presenting 121-129 E. Baseline Rd., a five unit apartment situated on two separate parcels. Three single story bungalow buildings are spaced over almost ½ acre, at the base of the foothills of San Dimas. This opportunity has (5) 2 bedroom/2 bath units with their own private yards and private 2 car garages. The units were built in 1987 and the three buildings total 4,612 square feet of living area. There is onsite guest parking and a secure laundry room. Each unit has central heating and A/C as well as a fenced patio. A majestic oak tree greets you as you enter the park like setting.
This property presents a unique value-add investment opportunity, with the potential rental income growth from additional units. One unit has recently been entirely renovated, and the other four units have been meticulously maintained, with some upgrades. Tenants enjoy onsite secured parking and guest parking. Landlord is responsible for water and trash.
The property is situated in a desirable location with easy access to major highways and public transportation. University of La Verne, Citrus College, Azusa Pacific University, The Claremont Colleges and Cal Poly Pomona are in close proximity to the property. These are some of the leading Universities in the nation. The property is located within minutes of Downtown San Dimas. Tenants benefit from proximity to shopping, parks, hiking trails, golf courses, grocery stores and eateries.
121 E. Baseline Rd is included in the sale. The two parcels allow for 30 year conventional financing on this investment
Given the rental upside potential, this is an excellent addition to any real estate investor’s portfolio.
Location
State CA
County Los Angeles
Area 689 - San Dimas
Zoning SDMFD*
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Concrete, Door-Single, Garage, Garage Door Opener, Guest, On Site, Private, Garage Faces Rear
Garage Spaces 10.0
Garage Description 10.0
Fence Block
Pool None
Community Features Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Storm Drain(s), Street Lights, Valley
Utilities Available Electricity Connected, Natural Gas Connected
View Y/N Yes
View Mountain(s)
Roof Type Composition
Total Parking Spaces 14
Private Pool No
Building
Lot Description Front Yard, Landscaped, Level, Rectangular Lot, Sprinkler System
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 8661013014
Acceptable Financing Cash, Cash to New Loan, Conventional
Horse Feature Riding Trail
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Trust
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Bought with Pamela DelRey • Art Del Rey Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "