3757 Holly Ave
- Strong in-place cash flow with upside via rent optimization
- Below-market rents provide clear value-add opportunity
- Stabilized occupancy with minimal vacancy risk
- Favorable unit mix with consistent tenant demand
- Located in a high-demand rental submarket (Baldwin Park)
- Proximity to major employment centers and transportation corridors
- Potential to increase NOI through operational efficiencies
- Low-maintenance asset with straightforward management profile
- Attractive CAP Rate, GRM, $/SF and $/unit
Property Description
Lee & Associates - Pasadena is pleased to exclusively present Holly Avenue Apartments, a 7-unit multifamily investment opportunity located at 3757 Holly Avenue in Baldwin Park, California. This property offers strong in-place cash flow with significant upside potential through rent optimization and operational efficiencies. The property features below-market rents, providing a clear value-add opportunity for investors. With stabilized occupancy and minimal vacancy risk, the asset presents a favorable unit mix with consistent tenant demand. Located in a high-demand rental submarket of Baldwin Park, the property benefits from proximity to major employment centers and transportation corridors including the I-10 and I-605 freeways. Investors will appreciate the potential to increase NOI through operational efficiencies and the low-maintenance asset profile with a straightforward management approach. The offering presents attractive metrics including a 6.53% CAP Rate, 10.77 GRM, $377.48 per square foot, and $264,127 per unit.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,848,888 |
| No. of Units: | 7 |
| Year Built: | 1961 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Price per unit: | $264,127 |
| Property Website | Click Here |
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