309 South Baldwin Avenue

Arcadia, CA 91007

$3,750,000
Price
12
Beds
8
Baths
7,432 Sq. Ft.
$505 / Sq. Ft.
7,432
Sq. Ft.
$505
per Sq. Ft.

Description

Comprised of two buildings built-in 1956 on an oversized 21,996 square foot R3-R lot, 309-311 South Baldwin Avenue is a single-story, eight-unit multifamily property with a total living area of 7,432 square feet. Spotted by a signature wishing well, and easily recognizable by residents and fellow investors in the area as a Karyn Jackson building, the meticulously maintained property is separately metered for gas and electric, and offers an on-site laundry facility and three large storage rooms. Parking...Comprised of two buildings built-in 1956 on an oversized 21,996 square foot R3-R lot, 309-311 South Baldwin Avenue is a single-story, eight-unit multifamily property with a total living area of 7,432 square feet. Spotted by a signature wishing well, and easily recognizable by residents and fellow investors in the area as a Karyn Jackson building, the meticulously maintained property is separately metered for gas and electric, and offers an on-site laundry facility and three large storage rooms. Parking is in the rear of the property with eight garages with storage bins and a minimum of six open spaces.309-311 South Baldwin Avenue boasts an excellent unit mix with four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The units are charming and spacious, with central air & heat, ample closet space, and private patios. Several units have been fully renovated, three units have fireplaces (309A, 309D & 311A), and all units have hardwood floors. Please do not walk the property or disturb residents
  1. Listed by Priscilla Nee • DRE #01435254 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.

Property Details for 309 South Baldwin Avenue

Water Front
None
Zoning
R3-R
Parcel Number
5777026018
Total Units
8.0
Living Area
7432
Source Living Area
Assessor
Area
Arcadia (605)
Vacancy Rate
3

Location

Listing Courtesy of CB Richard Ellis, Inc., Priscilla Nee, DRE #01435254
Add your commute
LISTING UPDATED: 04/23/2024 12:06 PM

Property Details for 309 South Baldwin Avenue

StatusActive
MLS #23-314203
Days on Market218
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.50 AC / 21,996 SF
CountyLos Angeles County

Location

Listing Courtesy of CB Richard Ellis, Inc., Priscilla Nee, DRE #01435254
Add your commute

Building Information for 309 South Baldwin Avenue

Stories1Residences-Year Built1956Building Size-Lot Size0.50 AC / 21,996 SF

Payment Calculator

$20,465 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 309 South Baldwin Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $196,192
  • Net Operating Income: $123,654.00
  • Gross Income: $202,260
  • Gross Rent Multiplier: $18.96
  • Vacancy Allow Dollar: $6,068.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 72538
  • Water Expense: $2,085.00
  • Gas Expense: $407
  • Electric Expense: $423.00
  • Trash Expense: $1,660.00
  • Other Expense: $1,600.00
  • Expense Pest: $720.00
  • Tax Expense: $43,789
  • Gardener Expense: $3,600
  • Expense Licenses: $300.00
  • Insurance Expense: $3,344
  • Management Expense: $9,810.00
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: 309-311 S Baldwin Avenue
  • Lot Acreage: 0.505
  • Lot Size Square Feet: 21996
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Uncovered
  • Total Parking: 14
  • Open Other Spaces Total: 6
  • Garage Spaces Total: 8
  • Parking Features: Garage - Single Door, Uncovered
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Range/Oven
  • Cooking Appliances: Range
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level - no steps
  • New Construction: No
  • Construction Materials: Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-22-2023
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,633.00
  • Unit Actual Rent: $6,530.00
  • Unit Projected Rent: $9,500.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,488.00
  • Unit Actual Rent: $9,950.00
  • Unit Projected Rent: $11,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 309 South Baldwin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 309 South Baldwin Avenue

This home is within Arcadia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 12
Rating
School
Distance
Hugo Reid Elementary School
PublicK to 5

Foothills Middle School
Public6 to 8

Arcadia High School
Public9 to 12

Rancho Learning Center (Alternative)
Public1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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309 South Baldwin Avenue is a multi-family home for sale in Arcadia, CA 91007. This property was listed for sale on September 22, 2023 by CB Richard Ellis, Inc., it's currently listed at $3,750,000. This listing's school district is Arcadia Unified School District. Nearby schools include Hugo Reid Elementary School, Foothills Middle School and Arcadia High School. 309 South Baldwin Avenue is a 12-bed, 8-bath, 7,432 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Richard Ellis, Inc., Priscilla Nee, DRE #01435254

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.