NEW PRICE! Only $229,000 per unit for all 2Bed/1Bath units in the prime San Gabriel Valley rental market! We are delighted to present this exceptional 24-unit multi-family residential investment opportunity, strategically located in the highly sought-after rental market of Baldwin Park. This well maintained property occupies a substantial 28,826 square foot lot, featuring 17,856 square feet of rentable space, composed exclusively of well-designed 2-bedroom/1-bathroom units. Each unit is individually metered for both electricity and gas, ensuring ease of utility management and cost distribution among the tenants. The property boasts onsite amenities including ample carport parking and a laundry facility, both of which enhance tenant convenience and contribute positively to retention rates. Furthermore, a handful of units have been upgraded with modern copper plumbing and updated electrical panels, significantly boosting the functionality and attractiveness of these spaces. For the astute investor, this property offers a compelling value-add proposition with the possibility of realizing over a 60% increase in rental income. This presents a substantial opportunity to reposition the asset and maximize returns in a market that highly values and rewards quality rental offerings. This fully occupied, income-producing property represents a rare and lucrative investment and the opportunity to secure a significant asset with tremendous potential for revenue enhancement.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Listing Office:
Office Name: RE/MAX 2000 REALTY
Office Phone: (909) 645-0443
Listing Agent: Kristopher German
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.66 Acres
School Info
Assigned Schools Information:
Sierra Vista High School, Public District Grades 9-12
Olive Middle School, Public District Grades 6-8
Charles Bursch Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: North of I-10, East of I-605; Near the Intersection of Los Angeles St & Walnut St
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Tax Information:
Annual Amount: $16,555
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Baldwin Park, CA.
This property is $4.8M more than the Median Sold Price in Baldwin Park, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #CV24158561
Listing Office:
Office Name: RE/MAX 2000 REALTY
Office Phone: (909) 645-0443
Listing Agent: Kristopher German
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/19/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,555
$747,301
2020
$15,824
$739,155
2019
$14,752
$724,663
2018
$14,483
$710,455
2017
$14,483
$696,525
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.5K
Per Month
Principal & Interest
$27.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Charles Bursch Elementary School
4245 Merced Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-6
Middle School
5
/10
Olive Middle School
13701 Olive St
Distance between this listing and this school0.60 miles
Public District Grades 6-8
High School
6
/10
Sierra Vista High School
3600 Frazier St
Distance between this listing and this school1.12 miles
Public District Grades 9-12
Assigned Schools
5
/10
Charles Bursch Elementary School
4245 Merced Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-6
Nearby Schools
5
/10
Walnut Elementary School
4701 Walnut St
Distance between this listing and this school0.49 miles
Public District Grades KG-5
5
/10
Kenmore Elementary School
3823 Kenmore Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-6
Assigned Schools
5
/10
Olive Middle School
13701 Olive St
Distance between this listing and this school0.60 miles
Public District Grades 6-8
Nearby Schools
6
/10
Jerry D. Holland Middle School
4733 Landis Ave
Distance between this listing and this school0.86 miles
Public District Grades 6-8
6
/10
Sierra Vista Junior High School
13400 Foster Ave
Distance between this listing and this school1.08 miles
Public District Grades 7-8
Assigned Schools
6
/10
Sierra Vista High School
3600 Frazier St
Distance between this listing and this school1.12 miles
Public District Grades 9-12
Nearby Schools
2
/10
North Park Continuation High School
4600 Bogart Ave
Distance between this listing and this school1.07 miles
Public District Grades 9-12
7
/10
Baldwin Park High School
3900 Puente Ave
Distance between this listing and this school1.54 miles
The neighbors living near this home have an average income of $46,546. Residents of Baldwin Park, CA typically earn between $35k-100k each year. The majority of families are married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4324 Walnut St
What is the listing price of this property?
The listing price of 4324 Walnut St property is $5,500,000.
What type of property is this?
The property 4324 Walnut St is a condo located in Baldwin Park, California, 91706.
Is this property for sale now?
Active Listing: 4324 Walnut St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4324 Walnut St are: Charles Bursch Elementary School: GreatSchools Rating 5/10Olive Middle School: GreatSchools Rating 5/10Sierra Vista High School: GreatSchools Rating 6/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $16,555 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 4324 Walnut St is 1964.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4324 Walnut St in Baldwin Park, CA and zip code 91706 in the The San Gabriel Valley neighborhood. This home, which was built in 1964, sits on a 0.66 acre lot. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $5,500,000.
Baldwin Park, CA housing market in August 2024 saw over 13 listings sold above listed price, more than 4 sold at listed price and over 4 sold below. The inventory of homes for sale in Baldwin Park, CA between July 2024 and August 2024 decreased by 1.4%. Listings spent 14 days on the market in August 2024, and had a median list price of $670,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Ross Dress For Less
Foot Locker
H&M
Jack In The Box
Little Caesars
Popeyes
Nissan
Dodge
Honda
Rhythmic Contemporary Hits
Urban Adult Contemporary