14508 Clark St., Baldwin Park, CA 91706 - PW20197663 - iPro Real Estate
iPro Real Estate

iPro Real Estate

14508 Clark St.
Baldwin Park, CA 91706

Sold, Multi-Family/Income Sale

For Sale

$1,778,000 $88.39 per sqft

Free Professional CMA

Listing ID : CRPW20197663

  • Garage

    12
  • Lot Size

    20,647 Sqft
  • Year

    1977

Description

We are pleased to offer 14508-18 Clark Street, a 6-unit investment opportunity located in the city of Baldwin Park. Located just steps to Downtown Baldwin Park, this investment offers the best of what the city has to offer right at your doorsteps. A highly desirable asset containing single story and townhouse style 2BR/2BA units with newer central a/c & heat, newer copper plumbing and vinyl/plank flooring in 5 out of the 6 units. Vacancies are rare as tenants enjoy the large format floor plans averaging over 1,000 sq.ft. per unit and include such amenities often found in single-family homes that include large patios with concrete slabs, central a/c & heat, W/D hookups and fireplaces. The tenants also are responsible for paying all utilities at the property, keeping the expense ratio for ownership exceptionally low and predictable. Additionally, this property offers each unit a double car, direct access garage along with (18) onsite parking spaces, a total of 30 available parking spaces which equates to a 5:1 parking ratio. With its single-family home amenities, close proximity to Downton Baldwin Park, and excellent condition, this opportunity would be a stand out addition to any investor's portfolio. *Fantastic Location, Just Steps to Downtown Baldwin Par

Details

Type: Multi-Family/Income Sale 
Subdivision: 608 - Baldwin Pk/irwindale 
MLS Area: 608 - Baldwin Pk/Irwindale 
County: Los Angeles 
Tax ID: 8437003032
Cap Rate: 4.70% 
Gross Rent Multiplier: 14.53 
Laundry: Gas Hookup, 30 
Number of Buildings: 1 
Number of Units: 6 
Parking Spaces: 30 
Property Type: Commercial Sale 
Water: District - Public 

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Interactive

34.090168 -117.958878 $1,825,000 PW20197663
14508 Clark St., Baldwin Park, CA 91706
Directions to here from:

Area Information 91706

Population:

78,875 Up .03% since 2010
Average Income:
$79,092
Average Age:
32Years
Gender:
49.65%Male
50.35%Female
Households:
18,16351.06% with children
Average Value:
$570,584
Occupancy:
58.63%Owned
41.37%Rented
2.95%Vacant
Education:
26.53%High School
4.24%Associate
11.15%Bachelor
2.69%Graduate
Average Residency:
19Years
Crime Rate:
Below Average
Annual Rainfall:
16.6Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

Tax Assessments

Value

  • Land $201,181
  • Improvements $390,591

  • Total $591,772

Property Tax

  • 2020 $10,034

History

Date Transaction Price Mortgage Amt & Lender
Date
Jan 17, 2021
Transaction
Sold - Commercial Multi-Residential (5+ units)CRPW20197663
Price
$1,778,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Rick Applebaum with Morgan Skenderian

Based on information from the MLSListings MLS) as of 1/28/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 1/28/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2022 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes