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$7,995,000

Beds
Unknown
sq ft
Unknown

14521 Clark St, Baldwin Park, CA 91706

14521 Clark St

Baldwin Park, CA 91706

  • 67 days on market
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.

Details

Property type

Apartment

Est. home value

$8,393,841

Lot size

0.8296 acres

Price per sq ft

Unknown

Year built

1964

HOA

No

Price History

10/16/2024
CRMLS

CRMLS #CV24215211

Listed
$7,995,000
-3.67%
08/30/2024
CRMLS

CRMLS #PW24052272

Removed
$8,300,000
03/14/2024
CRMLS

CRMLS #PW24052272

Listed
$8,300,000
-5.14%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American First Cu

Loan start date

April 2022

Original loan amount

$3,928,500

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Commercial, 15 year

Seller

Arthur George Gonzales and Carmen Gonzales

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 7:25 AM

Listing updated: 12/04/2024 at 7:40 PM

Listed by: ERIC CHEN, CB RICHARD ELLIS Phone #: (909) 418-2000

MLS: CRMLS #CV24215211

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