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SOLD 10/30/2020
3813 Baldwin Street, Lincoln Heights, CA 90031
12
beds
10
baths
6986
ft2
· 7501
ft2 lot
$1,655,000
$218 / ft2
Listing provided courtesy of Listing Broker: KRISTOPHER GERMAN, RE/MAX 2000.
Source CRMLS.
We are pleased to offer for sale this 9 unit multi-family investment located in the heart of Lincoln Heights (Los Angeles). Built in 1975, the subject property is comprised of 1(4Bed/2Bath) unit, and 8(1Bed/1Bath) units. All units are separately metered for electricity and gas, while the owner pays for water and trash. Tenants enjoy onsite covered parking as well as an onsite laundry facility. Additionally all earthquake retrofit requirements have been completed by the seller. Long term tenants are in place and below market rents, but for those looking for a repositioning opportunity, this asset offers close to a 70% upside in rental income. The property is 100% tenant occupied all of whom are current on rental payments through COVID. The seller has not attempted any "buy outs" of the current residents.
HOA
$—/month
On market
11 days
Year built
1975
Property type
Multi-Family
Parking
12
MLS
CV20208808
Price / Sq.Ft.
$218 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $1,525,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$297/day
$0
Best
Flyhomes Guaranteed Offer
$7,625
- -
$7,625
Better
Discount Brokerage
$5,753
not offered
$5,753
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community, Inside
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 6986.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 1.00
•   
Carport Spaces: 11.00
Building Info
•   
Building Area Units: Square Feet
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: LAR3
•   
Lot Features: 6-10 Units/Acre, Lot 6500-9999
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1722
•   
Lot Size Area: 7501.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 9
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 9
•   
Number Of Separate Gas Meters: 9
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: Electricity, Gas
•   
Gross Operating Income: 104143.00
•   
Water Sewer Expense: 7532.00
•   
Other Expense Description: Reserves
•   
Other Expense: 1350.00
•   
Laundry Income: 600.00
•   
Maintenance Expense: 6750.00
•   
Total Actual Rent: 8897.00
•   
Fuel Expense: 2450.00
•   
Trash Expense: 1737.00
•   
New Taxes Expense: 17866.00
•   
Insurance Expense: 2794.00
•   
Vacancy Allowance: 3221
•   
Professional Management Expense: 0.00
•   
Total Expenses: 41555.00
•   
Gross Scheduled Income: 107364.00
•   
Operating Expense: 41555.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 107364.00
•   
Tax Year: 2020
•   
Taxes: 4744.0
Lease Info
•   
Net Operating Income: 62588.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 1076.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1024.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1024.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 875.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 875.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 1048.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1048.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 773.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 773.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 0.00
•   
Unit 9 Actual Rent: 737.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 737.00
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1554.00
•   
Unit 1 Total Rent: 1554.00
Unit 4 Information
•   
Unit 4 Actual Rent: 984.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 984.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 971.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 971.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 9
•   
Number Of Units Leased: 9
Unit 6 Information
•   
Unit 6 Actual Rent: 931.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 931.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Gutters, Sidewalks
•   
Directions: North of I-10, East of I-5; Near Intersection of N Mission Rd & Baldwin St
Other
Calculation
•   
Dom: 11
•   
Cdom: 11
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 11, 2021 7:14am
Neighborhood snapshot
47
Properties for sale
24
Median days on market
$529.50
Median sold price/sqft
101.99%
Sold/List %
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Property History
10/30/2020
10/30/2020
Public Record
sold
Public Record
$1,655,000
+8.52%
10/30/2020
10/30/2020
CRMLS #CV20208808
sold
CRMLS #CV20208808
$1,525,000
10/16/2020
10/16/2020
CRMLS #CV20208808
pending
CRMLS #CV20208808
$1,525,000
10/05/2020
10/05/2020
CRMLS #CV20208808
active
CRMLS #CV20208808
$1,525,000
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