Renovated Multifamily Income
For Sale
$2,988,000
3840 Baldwin Ave, El Monte, CA 91731
Multifamily asset with seven rental units and recent upgrades to four units, offered in as-is condition.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market50
Property Features for 3840 Baldwin Ave
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
Investment
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
7
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Rhea Bai
(618) 808-6666
Listed By:
GUIFENG PENG · License #02160587
(618) 808-6666
Source:
Elliman
Added: Jun 18
Changed: Jul 10
Last Checked: Aug 5 at 8:57AM
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 Rhea Bai
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of seven rental units across six buildings on a 26,248 SF lot. Ownership has recently completed full renovations on four of the units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes. The remaining units are offered as-is, and the property is being sold in its present condition.
Located in El Monte, the property is described as convenient to shopping centers, restaurants, schools, public transportation, and major freeways, supporting straightforward tenant access and everyday walkability and transit connections based on the provided scores. The lot size also provides room for long-term planning, subject to buyer verification and any City of El Monte approvals that may be required.
For investors or owner-operators seeking a small income property with partial renovation work already completed, this asset offers a practical starting point. The combination of renovated interiors on four units and a larger site on which future expansion, redevelopment, or additional improvements may be explored—subject to verification—could support a range of strategies. Buyer to independently verify all property information, including unit count, square footage, zoning, permits, and future development potential.
Located in El Monte, the property is described as convenient to shopping centers, restaurants, schools, public transportation, and major freeways, supporting straightforward tenant access and everyday walkability and transit connections based on the provided scores. The lot size also provides room for long-term planning, subject to buyer verification and any City of El Monte approvals that may be required.
For investors or owner-operators seeking a small income property with partial renovation work already completed, this asset offers a practical starting point. The combination of renovated interiors on four units and a larger site on which future expansion, redevelopment, or additional improvements may be explored—subject to verification—could support a range of strategies. Buyer to independently verify all property information, including unit count, square footage, zoning, permits, and future development potential.
Key Highlights
- 7 rental units across 6 buildings on a 26,248 SF lot
- Full renovations completed on four units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes
- Year built 1951
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 91731, CA
28,197
Population
8,809
Households
3.2
Avg Household Size
38
Median Age
15%
College-Educated
68%
High-School Grad
3.8 sq mi
ZIP Area
7,420
Density / Sq Mi
$60,887
Median Household Income
$33,530
Median Earnings
$1,583
Median Rent
$614,000
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 - Multifamily asset with seven rental units and recent upgrades to four units, offered in as-is condition.
Where is this apartment building located?
The property is located at 3840 Baldwin Ave El Monte, CA.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 7 rental units across 6 buildings on a 26,248 SF lot; Full renovations completed on four units, including new kitchens, updated bathrooms, new flooring, fresh interior paint, and modern finishes; Year built 1951
