24-Unit Apartment
For Sale
$4,915,514
3541 Big Dalton Avenue, Baldwin Park, CA 91706
Bungalow-style residences feature attached or shared garages, recent exterior improvements, and access to schools, retailers, and major freeways.
Property Size21,600 SF
Lot Size1.47 Acres
Price / SF$227.57
Days on Market90
Property Features for 3541 Big Dalton Avenue
General Information
Standard status
Active
Size
21,600 SF
Lot size
1.47 Acres
Property subtype
Multifamily
Financials
Gross Income
$542,682
Average Monthly Rent
$1,869
Units
Unit Mix
24 x 2BR/1BA
Multifamily Units
24
Additional Details
Highway Access
Yes
Building Details
Buildings
12
Construction
bungalow-style
Listing Agency:
CB RICHARD ELLIS
(909) 418-2071
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 3:49PM
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 CB RICHARD ELLIS
Investment Insights
Based on property information with market context.
This 24-unit apartment property comprises 2-Bedroom/1-Bathroom bungalow-style residences across approximately 21,600 SF of building area on an approximately 64,000 SF lot. The west side includes six single-story duplexes divided by a shared two-car garage. On the east side, 12 units are arranged in six two-story duplexes, each with an attached garage and only one common wall.
Property improvements include asphalt sealing completed in 2023, exterior painting completed in 2021, two replacement owner electrical panels, and interior updates in several units with quartz countertops and new flooring. The property is located two blocks from Baldwin Park High School, Charles D Jones Middle School, and Vineland Elementary, with Walmart, Home Depot, Target, Food 4 Less, and LA Fitness one block away. Access to the 10 and 605 freeways supports travel throughout the surrounding employment and population centers.
Property improvements include asphalt sealing completed in 2023, exterior painting completed in 2021, two replacement owner electrical panels, and interior updates in several units with quartz countertops and new flooring. The property is located two blocks from Baldwin Park High School, Charles D Jones Middle School, and Vineland Elementary, with Walmart, Home Depot, Target, Food 4 Less, and LA Fitness one block away. Access to the 10 and 605 freeways supports travel throughout the surrounding employment and population centers.
Key Highlights
- 24 2‑Bedroom/1‑Bathroom bungalow‑style units
- Approximately ±21,600 SF of building area on a ±64,000 SF lot
- Six single‑story duplexes and six two‑story duplexes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$347,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,951,220
$7.0M
Cap Rate 7%
$4,965,157
$5.0M
Cap Rate 9%
$3,861,789
$3.9M
Market Conditions
NOI Build-Up for 21,600 SF
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.
Gross rent
$686.9K $31.80/SF
− Vacancy
−$55.0K −$2.54/SF
EGI
$631.9K $29.26/SF
− OpEx
−$284.4K −$13.17/SF
NOI
$347.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,951,220
Cap Rate 7%
$4,965,157
Cap Rate 9%
$3,861,789
Alternative Uses
Best Use
Apartment 5plus
$4.97M
$4.34M – $5.79M
NOI $347,561 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.56M
$10.12M – $13.49M
NOI $809,519 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 91706, CA
73,313
Population
18,853
Households
3.9
Avg Household Size
36
Median Age
14%
College-Educated
68%
High-School Grad
13.5 sq mi
ZIP Area
5,431
Density / Sq Mi
$79,473
Median Household Income
$34,964
Median Earnings
$1,816
Median Rent
$589,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Bungalow-style residences feature attached or shared garages, recent exterior improvements, and access to schools, retailers, and major freeways.
Where is this apartment building located?
The property is located at 3541 Big Dalton Avenue Baldwin Park, CA.
What is the asking price?
The asking price for this property is $4,915,514.
What are key features of this property?
This property features: 24 2‑Bedroom/1‑Bathroom bungalow‑style units; Approximately ±21,600 SF of building area on a ±64,000 SF lot; Six single‑story duplexes and six two‑story duplexes
