Villa Monterey Apartments: 41
3108 Vineland Avenue Baldwin Park, CA 91706
3108 Vineland Avenue, Baldwin Park, CA, 91706
$10,800,000
For Sale
$10,800,000
Well-maintained 41-unit apartment complex in Baldwin Park.
Property Size35,954 SF
Lot Size1.64 Acres
Price / SF$300.38
Days on Market115
Property Features for 3108 Vineland Avenue
General Information
- Standard status
- Active
- Size
- 35,954 SF
- Lot size
- 1.64 Acres
- Property subtype
- Multifamily
Listing Agency
CBRE - Ontario
(909) 418-2071
Listed by
Eric Chen · License #01489184
(909) 418-2071
Source
Cbre
Added: Mar 25 Checked: Jul 17 at 5:37 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Ontario
Investment Insights
Based on property information with market context.
Villa Monterey is a 41-unit apartment complex located in Baldwin Park, California, one block from the 10 Freeway. The property, situated on a ±71,546 SF lot, features a total building size of ±35,954 SF. The unit mix includes 20 one-bedroom/one-bathroom units, 10 two-bedroom/one-bathroom units, and 11 two-bedroom/two-bathroom units, with an average unit size of ±879 SF. Units feature high-speed internet access, air conditioning and heating, ceiling fans, and full kitchen appliances, including dishwashers. Community amenities include a swimming pool, ample covered parking, secured access, storage space, and two on-site laundry facilities. The property is located near major retail centers with retailers including Walmart, Home Depot, Target, Food 4 Less, Starbucks, McDonalds, and LA Fitness. The location provides access to the 10 and 605 Freeways and is less than 20 miles from Downtown Los Angeles, the City of Commerce, and the City of Industry. The property presents an opportunity to improve building operations and capture market rents to increase net operating income. The property has assumable debt at a 2.95% interest-only rate until June 2030.
Key Highlights
- Assumable debt at a low 2.95% interest‑only rate until June 2030, offering attractive cash‑on‑cash returns.
- Significant financial upside with a clear path to a 6.90% Cap Rate at market rents, representing a 30% increase.
- Well‑maintained 41‑unit asset in a high‑demand rental location in Baldwin Park.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.14M | $31.80 |
| − Vacancy | −$91.5k | −$2.54 |
| EGI | $1.05M | $29.26 |
| − OpEx | −$473.3k | −$13.17 |
| NOI | $578.5k | $16.09 |
35,954 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.26M
$7.23M – $9.64M
NOI $578,529 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.25M
$16.84M – $22.46M
NOI $1,347,474 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Well-maintained 41-unit apartment complex in Baldwin Park.
Where is this apartment building located?
The property is located at 3108 Vineland Avenue Baldwin Park, CA.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Assumable debt at a low 2.95% interest‑only rate until June 2030, offering attractive cash‑on‑cash returns.; Significant financial upside with a clear path to a 6.90% Cap Rate at market rents, representing a 30% increase.; Well‑maintained 41‑unit asset in a high‑demand rental location in Baldwin Park.
