3108 Vineland Avenue
Baldwin Park, CA 91706
For Sale
35,954 sqft
Sale Price
$10,800,000
Brochure
Property Website
Map
Multifamily For Sale - Available January 2026
Villa Monterey Apartments | 41 Units in Baldwin Park | 2.95% Interest Only Loan | 6.84% Cash on Cash Return
Well-Maintained 41-Unit Asset | One Block from the 10 Freeway in the Bustling City of Baldwin Park
Assumable Debt | 2.95% Interest Only Payments until June 2030
Attractive 6.84% Cash on Cash Return with Current Income | 11.05% Return with Pro Forma Income with Loan Assumption
Currently 4.84% Cap Rate on Current Income | 6.90% Cap Rate at Market Rents
Diverse Unit Mix | Featuring (20) 1B/1B, (10) 2B/1B, and (11) 2B/2B Floor Plans with an Average Unit Size of ±879 SF
Pride of Ownership Asset Situated on an Oversized ±71,546 SF Lot
30% Operational & Rental Upside Opportunity | New Investor has the Opportunity to Significantly Improve Building Operations and Capture Market Rents to Substantially Increase NOI
Modern Unit Features | High-Speed Internet Access, AC & Heating, Ceiling Fans, Cable Ready, Kitchen Appliances, and Dishwashers
Units Features Include Stainless Steel Appliances, Wall Air Conditioning and Heating, Wood Laminate Flooring Throughout, Carpet in Bedrooms, Upgraded Modern Bathrooms, Ceiling Fans, Vertical Blinds, Modern Kitchens with Stainless Steel Appliances
Well-Maintained Property & Community Amenities | Open Garden-Style Layout Featuring a Pool, Covered Parking, Secured Gated Access, Storage Space, and 2 On-Site Laundry Facilities
High Walkability Location in East San Gabriel Valley | Located 1 Block from Large Retail Centers with Retailers Including Walmart, Home Depot, Target, Food 4 Less, Starbucks, McDonalds, and LA Fitness
Prime Commutable Location | Just off the 10 and 605 Freeways and Less Than 20 Miles from DTLA, City of Commerce, and City of Industry
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968
CBRE, Inc., proudly presents Villa Monterey, a Well-Maintained 41-Unit Asset Located at 3108 Vineland Avenue in the city of Baldwin Park.
Situated one block from the 10 Freeway, this pride-of-ownership property benefits from a high-demand rental pocket, proximity to major retail hubs, and consistent occupancy levels. Baldwin Park’s central location and the property’s historical stability make this an ideal investment choice for steady rental income and long-term appreciation in the heart of the San Gabriel Valley.
Villa Monterey is a 41-unit community featuring a total building size of ±35,954 SF situated on an expansive ±71,546 SF lot (±1.64 Acres). The property features an excellent unit mix consisting of (20) 1-bedroom/1-bathroom, (10) 2-bedroom/1-bathroom, and (11) 2-bedroom/2-bathroom floor plans with an impressive average unit size of ±879 SF. Meticulously cared for, the asset features an open garden-style layout with amenities that include a swimming pool, ample covered parking, secured access, storage space, and two on-site laundry facilities. Units are well-appointed with high-speed internet access, AC & heating, ceiling fans, and full kitchen appliances including dishwashers.
This opportunity features assumable debt at a 2.95% interest-only rate until June 2030. This rare financing allows a new investor to realize a 6.84% Cash-on-Cash return on current income, with the potential to reach a 10.95% return on pro forma income. The property currently operates at a 4.84% Cap Rate, with a clear path to a 6.90% Cap Rate at market rents.
The City of Baldwin Park is ideally located within Southern California, offering exceptional “hub” access to the 10 and 605 freeways. Its prime location is within walking distance to major retail centers featuring Walmart, Home Depot, Target, Food 4 Less, Starbucks, and LA Fitness. Significant employment and entertainment hubs within a 20-mile radius include Downtown Los Angeles, the City of Commerce, the City of Industry, Pasadena, and Dodger Stadium.
Villa Monterey represents a premier income-producing asset in a high-rental-demand location, presenting a stable and lucrative opportunity for 1031 exchange buyers and seasoned investors seeking a large-scale footprint with significant 30% financial upside.
Situated one block from the 10 Freeway, this pride-of-ownership property benefits from a high-demand rental pocket, proximity to major retail hubs, and consistent occupancy levels. Baldwin Park’s central location and the property’s historical stability make this an ideal investment choice for steady rental income and long-term appreciation in the heart of the San Gabriel Valley.
Villa Monterey is a 41-unit community featuring a total building size of ±35,954 SF situated on an expansive ±71,546 SF lot (±1.64 Acres). The property features an excellent unit mix consisting of (20) 1-bedroom/1-bathroom, (10) 2-bedroom/1-bathroom, and (11) 2-bedroom/2-bathroom floor plans with an impressive average unit size of ±879 SF. Meticulously cared for, the asset features an open garden-style layout with amenities that include a swimming pool, ample covered parking, secured access, storage space, and two on-site laundry facilities. Units are well-appointed with high-speed internet access, AC & heating, ceiling fans, and full kitchen appliances including dishwashers.
This opportunity features assumable debt at a 2.95% interest-only rate until June 2030. This rare financing allows a new investor to realize a 6.84% Cash-on-Cash return on current income, with the potential to reach a 10.95% return on pro forma income. The property currently operates at a 4.84% Cap Rate, with a clear path to a 6.90% Cap Rate at market rents.
The City of Baldwin Park is ideally located within Southern California, offering exceptional “hub” access to the 10 and 605 freeways. Its prime location is within walking distance to major retail centers featuring Walmart, Home Depot, Target, Food 4 Less, Starbucks, and LA Fitness. Significant employment and entertainment hubs within a 20-mile radius include Downtown Los Angeles, the City of Commerce, the City of Industry, Pasadena, and Dodger Stadium.
Villa Monterey represents a premier income-producing asset in a high-rental-demand location, presenting a stable and lucrative opportunity for 1031 exchange buyers and seasoned investors seeking a large-scale footprint with significant 30% financial upside.
Baldwin Park is a city located in the San Gabriel Valley, within Los Angeles County, California. Situated in a relatively flat area, it shares borders with several other cities, including El Monte, West Covina, and Irwindale. Its geographic location within the San Gabriel Valley places it in a region known for its suburban character, proximity to major highways, and access to various recreational amenities.
The San Gabriel Valley (SGV) is a thriving economic region within Los Angeles County, characterized by a diverse industrial base and a robust service sector. Key industries driving the SGV’s economy include manufacturing, trade, transportation, and warehousing. The region is home to numerous manufacturing facilities, particularly in the aerospace, electronics, and automotive sectors. Additionally, the SGV boasts a thriving retail and hospitality industry, supported by its proximity to major transportation hubs and popular tourist destinations.
Top employers in the SGV include major corporations in industries such as aerospace, healthcare, and technology. The region’s strong economic performance has fueled a steady population growth, leading to a strong demand for housing, particularly rental properties. This growing demand for rental housing presents a significant opportunity for multifamily investors seeking to capitalize on the SGV’s thriving real estate market.
Baldwin Park, a city within the San Gabriel Valley, has experienced significant economic growth in recent years. The city’s industrial base is anchored by manufacturing facilities, particularly in the aerospace and automotive sectors. Additionally, Baldwin Park has a growing retail and service sector, serving both local residents and visitors. The city’s strategic location within the SGV provides excellent access to major transportation routes and a diverse range of amenities, making it an attractive destination for businesses and residents alike.
The strong economic performance of Baldwin Park has led to a steady increase in population and a corresponding rise in demand for housing. This growing demand for rental housing presents a favorable investment opportunity for multifamily investors. The city’s diverse population and stable job market create a strong rental demand, making Baldwin Park a promising location for those seeking to invest in rental properties.
The San Gabriel Valley (SGV) is a thriving economic region within Los Angeles County, characterized by a diverse industrial base and a robust service sector. Key industries driving the SGV’s economy include manufacturing, trade, transportation, and warehousing. The region is home to numerous manufacturing facilities, particularly in the aerospace, electronics, and automotive sectors. Additionally, the SGV boasts a thriving retail and hospitality industry, supported by its proximity to major transportation hubs and popular tourist destinations.
Top employers in the SGV include major corporations in industries such as aerospace, healthcare, and technology. The region’s strong economic performance has fueled a steady population growth, leading to a strong demand for housing, particularly rental properties. This growing demand for rental housing presents a significant opportunity for multifamily investors seeking to capitalize on the SGV’s thriving real estate market.
Baldwin Park, a city within the San Gabriel Valley, has experienced significant economic growth in recent years. The city’s industrial base is anchored by manufacturing facilities, particularly in the aerospace and automotive sectors. Additionally, Baldwin Park has a growing retail and service sector, serving both local residents and visitors. The city’s strategic location within the SGV provides excellent access to major transportation routes and a diverse range of amenities, making it an attractive destination for businesses and residents alike.
The strong economic performance of Baldwin Park has led to a steady increase in population and a corresponding rise in demand for housing. This growing demand for rental housing presents a favorable investment opportunity for multifamily investors. The city’s diverse population and stable job market create a strong rental demand, making Baldwin Park a promising location for those seeking to invest in rental properties.
Total Space Available
35,954 sqft
Sale Price
$10,800,000
Place
Downtown LA
Location
17 miles
29 min.
/drive
Cal State LA
College
12 miles
16 min.
/drive
Airport
Ontario International Airport
23.5 miles
40 min.
/drive
Los Angeles International Airport
32.08 miles
50 min.
CommuterRail
Metrolink Train Station
1.5 miles
6 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Kevin Sin
Lic: 02020968