San Dimas, CA 91773,127 E Baseline RD

$2,300,000

Est. payment /mo

$2,199,900

4.6%
Est.Price: ?

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127 E Baseline RD San Dimas, CA 91773

4,612 SqFt

SOLD DATE : 05/11/2023

Key Details

Sold Price $2,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,612 sqft

Price per Sqft $498

MLS Listing ID CV23044453

Sold Date 05/11/23

Construction Status Turnkey

HOA Y/N No

Year Built 1987

Lot Size 0.475 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 689 - San Dimas

Zoning SDMFD*

Rooms

Ensuite Laundry Common Area, Laundry Room

Interior

Interior Features All Bedrooms Down

Laundry Location Common Area,Laundry Room

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Concrete, Door-Single, Garage, Garage Door Opener, Guest, On Site, Private, Garage Faces Rear

Garage Spaces 10.0

Garage Description 10.0

Fence Block

Pool None

Community Features Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Storm Drain(s), Street Lights, Valley

Utilities Available Electricity Connected, Natural Gas Connected

View Y/N Yes

View Mountain(s)

Roof Type Composition

Parking Type Concrete, Door-Single, Garage, Garage Door Opener, Guest, On Site, Private, Garage Faces Rear

Total Parking Spaces 14

Private Pool No

Building

Lot Description Front Yard, Landscaped, Level, Rectangular Lot, Sprinkler System

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 8661013014

Acceptable Financing Cash, Cash to New Loan, Conventional

Horse Feature Riding Trail

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Trust

Lease Land No

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California Regional MLS (CRMLS)
Listed by PHILLIP CASTRUITA • PHILLIP CASTRUITA, REALTOR • 626-905-9595
Bought with Pamela DelRey • Art Del Rey Realty, Inc.

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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