Presenting 121-129 E. Baseline Rd., a five unit apartment situated on two separate parcels. Three single story bungalow buildings are spaced over almost ½ acre, at the base of the foothills of San Dimas. This opportunity has (5) 2 bedroom/2 bath units with their own private yards and private 2 car garages. The units were built in 1987 and the three buildings total 4,612 square feet of living area. There is onsite guest parking and a secure laundry room. Each unit has central heating and A/C as well as a fenced patio. A majestic oak tree greets you as you enter the park like setting.
This property presents a unique value-add investment opportunity, with the potential rental income growth from additional units. One unit has recently been entirely renovated, and the other four units have been meticulously maintained, with some upgrades. Tenants enjoy onsite secured parking and guest parking. Landlord is responsible for water and trash.
The property is situated in a desirable location with easy access to major highways and public transportation. University of La Verne, Citrus College, Azusa Pacific University, The Claremont Colleges and Cal Poly Pomona are in close proximity to the property. These are some of the leading Universities in the nation. The property is located within minutes of Downtown San Dimas. Tenants benefit from proximity to shopping, parks, hiking trails, golf courses, grocery stores and eateries.
121 E. Baseline Rd is included in the sale. The two parcels allow for 30 year conventional financing on this investment
Given the rental upside potential, this is an excellent addition to any real estate investor’s portfolio.
Sold for $2,300,000 on 05/11/23
Listing Provided by:
PHILLIP CASTRUITA DRE #00919319 626-905-9595,
PHILLIP CASTRUITA, REALTOR
Bought with: Art Del Rey Realty, Inc.
$2,300,000
127 E Baseline Rd, San Dimas, CA 91773
50beds
50baths
4,612sqft
Multi Family
Built in 1987
-- sqft lot
$1,192,000 Zestimate®
$499/sqft
$3,069 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 11, 2023 at 02:05pm
Listing Provided by:
PHILLIP CASTRUITA DRE #00919319 626-905-9595,
PHILLIP CASTRUITA, REALTOR
Bought with:
Pamela DelRey, DRE #00864033
Art Del Rey Realty, Inc.
Source: CRMLS,MLS#: CV23044453
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 50
- Bathrooms: 50
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area, Laundry Room
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,612
- Total interior livable area: 4,612 sqft
Property
Parking
- Total spaces: 14
- Parking features: Concrete, Door-Single, Garage, Garage Door Opener, Guest, On Site, Private, Garage Faces Rear
- Garage spaces: 10
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Pool features: None
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.48 Acres
- Features: Front Yard, Landscaped, Level, Rectangular Lot, Sprinkler System
Details
- Parcel number: 8661013014
- Zoning: SDMFD*
- Special conditions: Trust
- Horse amenities: Riding Trail
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & neighborhood
Community
- Community features: Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Storm Drain(s), Street Lights, Valley
Location
- Region: San Dimas
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Alley Paved, Paved
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Estimated market value
$1,192,000