14521 Clark Street

    Baldwin Park, CA 91706
    • $6,800,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: CV18128414
    UPDATED: 203 min ago
    $6,800,000
    • 0
      BEDS
    • 0.83
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,384
      SQFT
    • $351
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    The Kimberly Apartments is a rare opportunity for an extensively renovated 26-unit multifamily investment asset constructed in 1964 and renovated in 2018 on a 36,138 square foot lot, with total building size of 19,384 square feet. This extensively renovated, two-story property offers gated security with remote controlled access, carport and open-space parking, newly upgraded landscaping and courtyard, swimming pool, BBQ area, and on-site laundry room. It also features a new seismic retrofit upgrades for the tuckunder parking areas with new membranes installed. The Kimberly Apartments is the only stabilized and heavily renovated income producing property featuring 100% renovated one-bedroom/one bathroom and two-bedroom/one-bathroom units with new floorings, new kitchens, new ceiling fans, new bathrooms, air conditioning units, new stainless steel appliances and new security metal doors. A RUBS program is in place reducing operating expenses. The property is situated on an individual lot with 1 APN: 8437-002-030.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84115797

    14521 Clark Street Baldwin Park, CA 91706

    • Price: $6,800,000
    • Status: Active
    • Updated: 203 min ago
    • ID#: CV18128414
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.83
    Acres
    19,384
    SQFT
    $351
    $/SQFT
    1964
    Built
    Neighborhood:
    608 - Baldwin Pk/Irwindale
    County:
    Los Angeles
    Area:
    608 - Baldwin Pk/Irwindale
    Property Description
    The Kimberly Apartments is a rare opportunity for an extensively renovated 26-unit multifamily investment asset constructed in 1964 and renovated in 2018 on a 36,138 square foot lot, with total building size of 19,384 square feet. This extensively renovated, two-story property offers gated security with remote controlled access, carport and open-space parking, newly upgraded landscaping and courtyard, swimming pool, BBQ area, and on-site laundry room. It also features a new seismic retrofit upgrades for the tuckunder parking areas with new membranes installed. The Kimberly Apartments is the only stabilized and heavily renovated income producing property featuring 100% renovated one-bedroom/one bathroom and two-bedroom/one-bathroom units with new floorings, new kitchens, new ceiling fans, new bathrooms, air conditioning units, new stainless steel appliances and new security metal doors. A RUBS program is in place reducing operating expenses. The property is situated on an individual lot with 1 APN: 8437-002-030.
    Exterior Features

    Carport Spaces 26.00 Garage Spaces 0.00 Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarport DetachedControlled EntranceCovered ParkingPrivateUncovered Parking Total 39.00 Parking YN Yes Pool Features Community PoolFenced Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Gas OvenGas RangeGas Stove Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Electric Cooling YN Yes Flooring CarpetVinyl Heating Electric Heating YN Yes Interior Features Ceiling FanOpen Floor PlanStone Counters Laundry Features Community Levels Two

    Property Features

    Accessibility Features Parking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.72 Community Features CurbsSidewalks Country Us Electric Expense 3531.00 Elevation Units Feet Fuel Expense 669.00 Garage Income 10200.00 Gardener Expense 3128.00 Gross Income 523389.00 Gross Multiplier 13.75 Gross Operating Income 507687.00 Gross Scheduled Income 523389.00 Insurance Expense 6926.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 4680.00 Laundry YN Yes Maintenance Expense 16189.00 Net Operating Income 321036.00 New Taxes Expense 85924.00 Number Of Separate Electric Meters 26 Number Of Separate Gas Meters 26 Number Of Separate Water Meters 1 Operating Expense 186651.00 Operating Expense Percent 37.47 Other Income1 5821.00 Other Income2 8228.00 Professional Management Expense 13032.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Automatic Gate Senior Community YN No Special Listing Conditions Standard Tax Annual Amount 85924.00 Tax Rate 1.16 Total Expenses 186651.00 Trash Expense 5027.00 Vacancy Allowance 15702 Vacancy Allowance Rate 3.00 Water Sewer Expense 4675.00 Water Source Public Year Built Source Assessor Zoning Bpr3*

    Listing provided courtesy of Eric Chen of Cb Richard Ellis.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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