3108 Vineland Ave Baldwin Park, CA 91706
Property Features for 3108 Vineland Ave
General Information
- Standard status
- Active
- Size
- 35,954 SF
Source:
Cbre
Listing Agency: CBRE - Ontario Listing Agent: Eric Chen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Villa Monterey Apartments: 41 Units
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Baldwin Park
- County
- Los Angeles
- State
- California
- Longitude
- -117.971
- Latitude
- 34.0941
Nearby Similar for Sale
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 Ave 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.
