4668 Maine Avenue, Baldwin Park, California 91706, Baldwin Park, 91706 - 2 bed, 1 bath

4668 Maine Avenue, Baldwin Park, California 91706 home-pic-0
ACTIVE$1,498,000
4668 Maine Avenue, Baldwin Park, California 91706
2Beds
1Bath
712Sqft
20,295.301Lot
Year Built
1921
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$2,104
HOA
-
Days on market
-
Sold On
-
MLS number
TR23157588
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.50M(99th), sqft - 712(3th), beds - 2(17th), baths - 1(27th).

Attention Developer! Per the City of Baldwin Park, up to 18 affordable units can be built. The City of Baldwin Park welcomes developers to submit drawings for review. Please verify with the City for its incentive, the 'Density Bonus' state program, to maximize the full potential of this project. The purchase must include two parcels. This property is zoned MU2 (Mixed Use-Commercial/Residential), offering an opportunity to combine two parcels (APN # 8415011002 & 8415011028) with a total lot size of 20,295 sqft. There is a structure on one of the parcels. The lots are centrally located near Downtown Baldwin Park on a corner lot in a densely populated retail and residential area, situated in the San Gabriel Valley Region of Los Angeles County. It's a rare find in the San Gabriel Valley. Multiple hospitals, such as Kaiser Permanente and Emanate Health Inter-Community Hospital, are approximately a 10-minute drive away. Additionally, the property is near the Baldwin Park Metrolink Station, Baldwin Park Unified School District, Superior Grocers, Grocery Outlet, Walmart Supercenter, Santa Fe Dam Recreation Area, and more. Baldwin Park is adjacent to West Covina, Covina, El Monte, and Irwindale. Buyer to do own due diligence!

Condition Rating
Tear down

The property was built in 1921, making it over 100 years old. The listing is explicitly marketed to developers for its land value and potential for multi-unit construction, with the property analysis stating 'Demolition Required' for the existing structure. There are no interior images, and the exterior image shows a very old house, suggesting the structure is beyond repair or not economically viable to renovate, aligning with the criteria for a 'Tear-down'.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20295, living area = 712.
High Development Potential: The property is explicitly marketed for developers, with the City of Baldwin Park allowing up to 18 affordable units and offering a 'Density Bonus' program, indicating significant multi-family development capacity.
Flexible Mixed-Use Zoning (MU2): Zoned MU2 (Mixed Use-Commercial/Residential), this property offers versatility for various development projects, combining residential and commercial uses to maximize value.
Substantial Combined Lot Size: Comprising two parcels with a total of 20,295 sqft, the large lot size provides ample space for a significant multi-unit or mixed-use development project.
Strategic Corner Lot Location: Situated on a corner lot in a densely populated retail and residential area near Downtown Baldwin Park, offering high visibility and accessibility for future commercial or residential tenants.
Excellent Regional Accessibility: Proximity to the Baldwin Park Metrolink Station, major freeways, hospitals, and essential retail (Walmart, Superior Grocers) enhances its appeal for future residents and businesses.

Cons

Demolition Required: An existing structure built in 1921 is present on one parcel, which will likely require demolition, adding significant cost and time to the development timeline.
Extensive Buyer Due Diligence: The listing explicitly states 'Buyer to do own due diligence!' and 'Please verify with the City,' indicating that the buyer is responsible for confirming all development specifics, incentives, and feasibility, which can be complex and time-consuming.
Affordable Housing Mandate: The potential for up to 18 units is specifically for 'affordable units,' which may introduce additional regulatory requirements, financing complexities, and potentially impact profit margins compared to market-rate developments.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state