Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    14521 Clark Street, Baldwin Park, CA 91706
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    • MLS#: CV24215211 ( Apartment )
    • Street Address: 14521 Clark Street
    • Viewed: 28
    • Price: $7,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1964
    • Bldg sqft: 0
    • Days On Market: 167
    • 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. 209
    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
    Views
    1. 28
    Water Sewer Expense
    1. 11256.00
    Water Source
    1. Public
    Year Built
    1. 1964
    Year Built Source
    1. Assessor
    Zoning
    1. BPR3*
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836