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Brian Aarestad, Sales Associate
SOLD
$2,300,000
Date 05/11/2023

127 E Baseline Road
San Dimas, CA 91773

Apartment
Residence
4,612
Sqft
0.4752
Lot Size
Listing Agent: PHILLIP CASTRUITA CalDRE: 00919319 - PHILLIP CASTRUITA, REALTOR
Presenting 121-129 E. Baseline Rd., a five unit apartment situated on two separate parcels. Three single story bungalow buildings are spaced over almost 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 investmentGiven the rental upside potential, this is an excellent addition to any real estate investors portfolio.
CV23044453
Apartment, Contemporary, 1 Story
Los Angeles
1987
0.4752 Acres
Public
1
Stucco
Public Sewer
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Listing Agent: PHILLIP CASTRUITA CalDRE: 00919319 - PHILLIP CASTRUITA, REALTOR
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