14521 Clark Street

Baldwin Park, CA 91706

$7,995,000
Price
3
Beds
26
Baths
19,384 Sq. Ft.
$412 / Sq. Ft.
19,384
Sq. Ft.
$412
per Sq. Ft.

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...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.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 14521 Clark Street

Parking Spaces Total
39
Private Pool
No
Cooling Type
Wall/Window
Total Units
26.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
19384
Assessor Parcel Number
8437-002-030
LISTING UPDATED: 10/16/2024 10:46 AM

Property Details for 14521 Clark Street

StatusActive
MLS #CV24215211
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 14521 Clark Street

Building/Complex14521 Clark StFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 14521 Clark Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $630,460
  • Gross Scheduled Income: $630,460
  • Vacancy Allowance: 18914
  • Gross Operating Income: $611,546
  • Net Operating Income: $412,355
  • Gross Multiplier: 12.68
  • Cap Rate: 5.16
Expense Details
  • Operating Expense: $199,191
  • New Taxes Expense: $102,625
  • Gardener Expense: $4,390
  • Fuel Expense: $10,404
  • Pest Control Expense: $994
  • Electric Expense: $3,359
  • Insurance Expense: $8,651
  • Maintenance Expense: $16,900
  • Professional Management Expense: $29,449
  • Other Expense: $5,200
  • Other Expense Description: Reserves
  • Trash Expense: $5,964
  • Water Sewer Expense: $11,256
  • Total Expenses: $199,191
Tax / Assessment Info
  • Tax Tract Number: 5524
  • Tax Census Tract: 4051.02
  • CFD/Mello-Roos Fee: $8,683
  • Tax Lot: 30
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: Community, In Ground
  • Pool Description: In Ground
  • Pool: Below Ground, Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 26-30 Units/Acre
  • Number Of Units: 26
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 13
  • Open Other Spaces Total: 13
  • Parking Garage Spaces: 0
  • Carport Spaces: 26
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,781
  • Unit Type Total Rent: $256,440
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 14
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,021
  • Unit Type Total Rent: $339,468
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1

Property History for 14521 Clark Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14521 Clark Street

Taxable ValueLand$3,645,561Additions$5,461,726Total$9,107,287
Tax Record2024$114,206 ($9,517 / month)
Home Facts
Total Finished SqFt19,384 SqFtAbove Grade Finished SqFt19,384 SqFtLot Size36,139 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningBPR3*CountyLOS ANGELESAPN8437-002-030

Schools near 14521 Clark Street

This home is within Baldwin Park Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 3 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ernest R. Geddes Elementary School
PublicK to 5

Bp STEM Academy
Public3 to 8

Baldwin Park High School
Public9 to 12

North Park Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14521 Clark Street is a multi-family home for sale in Baldwin Park, CA 91706. This property was listed for sale on October 16, 2024 by CB RICHARD ELLIS, it's currently listed at $7,995,000. It has been on the market for a total of 29 days and was last sold on May 19, 2022. This listing's school district is Baldwin Park Unified School District. Nearby schools include Ernest R. Geddes Elementary School, Bp STEM Academy and Baldwin Park High School. 14521 Clark Street is a 3-bed, 26-bath, 19,384 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.