Three-Unit Modern Residence with
For Sale
$1,500,000
4960 Downing, Baldwin Park, CA 91706
Newly constructed three-unit property with a detached 3-bedroom ADU and a 1-bedroom junior ADU.
Property Size2,551 SF
Days on Market50
Property Features for 4960 Downing
General Information
Standard status
Active
Size
2,551 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
2,551 SF
Year Built
2026
Stories
2
Units
3
Listing Agency:
David Morales, Broker
(562) 818-3304
Listed By:
David Morales · License #01893696
(562) 818-3304
Source:
Elliman
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 30 at 2:49PM
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 David Morales, Broker
Investment Insights
Based on property information with market context.
This brand-new three-unit property is laid out as a main two-story home plus two additional ADUs. The main home offers 3 bedrooms and 2.5 bathrooms with high ceilings and a modern open-concept layout. A detached ADU provides 3 bedrooms and 2 bathrooms, while a junior ADU includes 1 bedroom and 1 bathroom. All units include in-unit laundry connections and the property is move-in ready.
Located on a quiet cul-de-sac in Baldwin Park, the property offers residential income potential with a walk score of 62 and a bike score of 41.
Solar panels are included as part of the move-in-ready package, supporting the property’s overall operating profile for owner-users or investors.
Located on a quiet cul-de-sac in Baldwin Park, the property offers residential income potential with a walk score of 62 and a bike score of 41.
Solar panels are included as part of the move-in-ready package, supporting the property’s overall operating profile for owner-users or investors.
Key Highlights
- Brand‑new 3‑unit property (Year built: 2026) on a quiet cul‑de‑sac
- Main home: 3 bedrooms, 2.5 bathrooms, two stories, high ceilings, and modern open‑concept layout
- Detached ADU: 3 bedrooms and 2 bathrooms
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
$44,550
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
2.97%
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%
$891,000
$891.0K
Cap Rate 7%
$636,429
$636.4K
Cap Rate 9%
$495,000
$495.0K
Market Conditions
NOI Build-Up for 2,551 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
$68.9K $27.00/SF
− Vacancy
−$5.2K −$2.05/SF
EGI
$63.6K $24.95/SF
− OpEx
−$19.1K −$7.48/SF
NOI
$44.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$891,000
Cap Rate 7%
$636,429
Cap Rate 9%
$495,000
Alternative Uses
Best Use
Multifamily LT 5
$636.4K
$556.9K – $742.5K
NOI $44,550 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$586.4K
$513.1K – $684.1K
NOI $41,048 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,606 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
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?
Triplex - Newly constructed three-unit property with a detached 3-bedroom ADU and a 1-bedroom junior ADU.
Where is this triplex located?
The property is located at 4960 Downing Baldwin Park, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Brand‑new 3‑unit property (Year built: 2026) on a quiet cul‑de‑sac; Main home: 3 bedrooms, 2.5 bathrooms, two stories, high ceilings, and modern open‑concept layout; Detached ADU: 3 bedrooms and 2 bathrooms
