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Villa Monterey Apartments: 41 Units

3108 Vineland Avenue, Baldwin Park, CA 91706

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For Sale

$10,800,000

Well-maintained 41-unit apartment complex in Baldwin Park.

Type:Multifamily

Property size:

35,954 SF

Lot size:

1.64 Acres

Price / SF:

$300/SF

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.
Desirable unit mix with spacious floor plans, averaging ±879 SF, and modern amenities.
Prime location near the 10 and 605 freeways and within walking distance of major retail centers.
Strong community amenities including a swimming pool, covered parking, secured access, and on‑site laundry facilities.

We can help!

Contact an agent

Eric Chen

For Sale

$10,800,000

Well-maintained 41-unit apartment complex in Baldwin Park.

Type:Multifamily

Property size:

35,954 SF

Lot size:

1.64 Acres

Price / SF:

$300/SF

Added:: Mar 25, 2026
Days on Market:: 107
Last Refresh:: Jul 2 at 6:42 am

Property Features for 3108 Vineland Avenue

General Information

Standard status: Active
Size: 35,954 SF
Lot size: 1.64 Acres
Property subtype: Multifamily

We can help!

Contact an agent

Eric Chen

Listing office CBRE - Ontario

Listing date Mar 25, 2026

Source Cbre

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

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.
Desirable unit mix with spacious floor plans, averaging ±879 SF, and modern amenities.
Prime location near the 10 and 605 freeways and within walking distance of major retail centers.
Strong community amenities including a swimming pool, covered parking, secured access, and on‑site laundry facilities.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $1,347,474 @ 7.0% cap · market cap 12.48%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Baldwin Park
County: Los Angeles
State: California
Longitude: -117.971
Latitude: 34.0941

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For sale
Apartment buildings
CA
Baldwin Park
91706
3108 Vineland Avenue

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.