144 & 150 EAST BASELINE ROAD
Outstanding Rental Location
Rare Opportunity to Purchase in San Dimas – High Barrier to Entry
Constructed in: 2025 (2 Units), 1989 (4 Units), 1963 (12 Units)
Excellent Unit Mix of One, Two, and Three-Bedroom Floor Plans
Close Proximity to Interstate 210 & California State Route 57
Combined 16,888 Rental Square Feet for the 18 units
Combined 37,557 Square Feet on Two Parcels
Average Household Income Over $120,000 within 3-Mile Radius
Property Description
Marcus & Millichap is pleased to exclusively present the opportunity to acquire 144 & 150 East Baseline Road, an 18-unit multifamily investment located in the beautiful suburban city of San Dimas, California. The property is located north of Interstate 210 off the San Dimas Avenue exit. The offering consists of two contiguous parcels (A.P.N. 8661-015-003 & 8661-015-027). 144 East Baseline Road is a two-story 12-unit apartment building consisting of twelve two-bedroom/one-bathroom units. The units average 908 square feet, and each apartment has a fireplace and wall air conditioning. In addition, the units are individually metered for gas and electricity and there is a central hot water heater. Constructed in 1963, the property sits on a 20,076 square foot parcel and has 10,900 rental square feet. There is also a laundry facility (leased) at the rear of the property. 150 East Baseline Road has six apartment units consisting of two newly built ADUs with one bedroom/one-bathroom units with dishwashers, microwaves, and private backyards. There are also two-two bedroom/two-bathroom single story units with central air conditioning and heat, dishwashers, private backyards, constructed in 1989 and two-three bedroom/two and two-and-one half bathroom townhouse style units with two car-attached garages with direct access into the unit, washer/dryer hook-ups, dishwashers, private backyards, and was constructed in 1989. In addition, the units are individually metered for gas and electricity and contain individual hot water heaters. The property sits on a 17,481 square foot parcel and has approximately 5,988 rental square feet. The offering has an outstanding location just north of Interstate 210 and within very close proximity to California State Route 57, giving residents the advantage of easy access to neighboring cities for work and entertainment. The property is within minutes’ drive to major department stores and popular restaurants including Costco, Sam’s Club, Home Depot, Target, Trader Joe’s, and In-N-Out Burger. In addition, the city’s Bonita Unified school district offers a total of 14 schools with more than 10,000 students attracting families with long-term residence. The city is also home to the 1,700-acre Frank G. Bonelli Recreational Park, Raging Waters, and Puddingstone Lake with multiple outdoor activities for all ages such as hiking, biking trails, boating, fishing, kayaking, playgrounds and camping. In addition, the Foothill Gold Line Station (Metro) is only 1.2 miles away from the subject property.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,150,000 |
| No. of Units: | 18 |
| Cap Rate: | 4.73% |
| Year Built: | 1963 |
| Building Size: | 16,928 Sq ft |
| Lot Size: | 0.86 Acres |
| No. of Stories: | 2 |
| APN: | 8661-015-003 & 8661-015-027 |
| Opportunity Zone: | No |
| Price per unit: | $341,667 |
| Parking Spaces: | 18 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Doug McCauley | 626-695-6776 | [email protected] |
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