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$5,500,000 Sale
Listed 153 days ago
4212 La Rica
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· 39
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Key Facts
Key facts for 4212 La Rica
Property Type
Apartment
Parking
24 garage, 39 parking
MLS #
TR26096273
Size
-
Basement
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Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1986
Maintenance Fee
-
Description
4212 La Rica presents a rare investment opportunity in the vibrant and centrally connected city of Baldwin Park — proudly known as the “Hub of the Valley.” Ideally positioned near the I-10, I-605, and 210 freeways, the property offers residents convenient access to Downtown Los Angeles, Pasadena, Or...ange County, and the Inland Empire, making it highly desirable for commuters and long-term tenants alike. Professionally managed and meticulously maintained, this 16-unit property features spacious two-bedroom, one-bath floor plans with an impressive average unit size of approximately 945 square feet. Recent capital improvements include new roof, fresh exterior paint, and a newly paved driveway and parking area, while in-unit laundry hookups further enhance resident convenience and appeal. The property has benefited from extensive upgrades over the years, reflecting pride of ownership throughout. Approximately 90% of the tenants are currently on month-to-month leases, providing a new owner with significant upside potential through the ability to adjust rents toward current market levels. In addition, each unit is separately metered for utilities, helping minimize ownership expenses and improve operational efficiency. Situated in a highly walkable location, the property is just moments from the city library, City Hall, offices, schools, fitness centers, places of worship, shopping centers, grocery markets, and a wide variety of dining and retail destinations, including Dollar Tree, McDonald's, and Starbucks. Residents are drawn to Baldwin Park’s welcoming, neighborhood-oriented atmosphere, multi-generational community appeal, and relative affordability compared to surrounding markets — all while benefiting from the city’s strong long-term growth potential., Directions:One block west of Baldwin Park Blvd, North of Ramona Blvd, Cross Street: Ramona Blvd
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Listing courtesy of: A + Realty & Mortgage