Baldwin Park, CA 91706,14521 Clark ST
Baldwin Park, CA 91706,14521 Clark ST
Baldwin Park, CA 91706,14521 Clark ST
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$7,995,000
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19,384 SqFt
Active

14521 Clark ST Baldwin Park, CA 91706

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UPDATED:

10/17/2024 12:50 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 19,384 sqft

Price per Sqft $412

MLS Listing ID CV24215211

HOA Y/N No

Year Built 1964

Lot Size 0.830 Acres

Acres 0.8296

Property 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.

Location

State CA

County Los Angeles

Area 608 - Baldwin Pk/Irwindale

Zoning BPR3*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 26

Pool Community, In Ground

Community Features Curbs, Sidewalks, Pool

Total Parking Spaces 39

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8437002030

Energy Description 10404.0

Acceptable Financing Cash, Cash to New Loan, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner May Carry

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717

Sean Glaze

Broker | License ID: 01394201

+1(626) 975-4104

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14521 Clark ST