14521 Clark Street, Baldwin Park, CA 91706
  • MLS#: CV24215211 ( Apartment )
  • Street Address: 14521 Clark Street
  • Viewed: 2
  • Price: $7,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: LOS ANGELES
  • City: Baldwin Park
  • Zipcode: 91706
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to present 14521 Clark Street, a 26 unit multifamily asset in the City of Baldwin Park, a prime rental market within the San Gabriel Valley of Los Angeles County. The property offers 19,384 SF and sits on a large 36,138 SF lot. The Kimberly Apartments benefit from being centrally located just off the 605 & 10 Freeways. Within a short 20 mile drive tenants can reach destinations and notable attractions in Pasadena, DTLA, Orange County, and San Bernardino County. Notable Attractions like Dodger Stadium, SOFI Stadium, Santa Anita Pike Outlets in Long Beach, Victoria Gardens in Rancho Cucamonga, and Downtown Covina are all within a 30 min drive in any direction of the property. Locally, tenants have quick access to big name retailers like Kaiser Permanente Medical Hospital, Home Depot, Target, In N Out, Chick Fil A, and several convenience stores. Kimberly Apartments is also a short 5 minute walk to Downtown Baldwin Park off of Maine Ave and Ramona Blvd. Tenants enjoy their proximity to the heavy retail corridor with retail tenants that include McDonalds, King Taco, El Super, Waba Grill, and many more frequently visited places. Kimberly Apartments offers an exceptional unit mix of 12, 1 Bedroom/1 Bathroom and 14, 2 Bedroom/1 Bathroom apartments. Tenants enjoy favorable amenities at the property like secured pad entry access, covered on site parking, on site laundry facilities, secure pool access, and ample community area space. The seller is offering favorable interest only financing, which creates a path for a new investor to benefit from 5+% cash on cash returns from day one.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 19384.00
Carport Spaces
  1. 26.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 170
Electric Expense
  1. 3359.00
Fuel Expense
  1. 10404.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 4390.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 8651.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 26-30 Units/Acre
Netoperatingincome
  1. 412355.00
Newtaxesexpense
  1. 102625.00
Number Of Separate Electric Meters
  1. 26
Number Of Separate Gas Meters
  1. 26
Otherexpense
  1. 5200.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 8437002030
Pest Control Expense
  1. 994.00
Pool Features
  1. Community
  2. In Ground
Professionalmanagementexpense
  1. 29449.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425398095:CRM
Spa Features
  1. None
Totalexpenses
  1. 199191.00
Trash Expense
  1. 5964.00
Uncovered Spaces
  1. 13.00
Vacancyallowance
  1. 18914
Water Sewer Expense
  1. 11256.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. BPR3*