Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

942 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Kimberly Apartments 14521 Clark St

26 Unit Block of Flats £6,308,055 (£242,617/Unit) 5.16% Net Initial Yield Baldwin Park, CA 91706

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Favorable Interest Only Seller Financing Available - Contact for Details
Boasts a Strong Going-In CAP Rate of 5.16% and GRM of 12.68 – Opportunity to Capitalize on Over 5% Cash-on-Cash Return when Utilizing Favorable Seller
Historically Low Maintenance Property with RUBS System In-Place

Excellent East San Gabriel Valley Location – Centrally Located Just off the 10 Fwy within a 15-mile Drive to DTLA, San Bernardino, and Orange Counties
Exceptional Unit Mix consisting of 12, 1-Bedroom/1-Bathroom & 14, 2-Bedroom/ 1-Bathroom Units, Averaging 745 SF Per Unit
Gated Front Entrance, Newer Pool Swimming Pool Update, All Carport Retrofit have Been Completed

Executive Summary

CBRE, Inc., as exclusive advisor, is 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 boasts strong in-place income generating ±$49,659 in monthly rents. Additional income at the property stream from on-site parking, laundry facilities, pet income, and the Ratio Utility Billing System implemented already. The total scheduled income for the property exceeds $630,000 annually.
Kimberly Apartments offers an exceptional unit mix of 12, 1-Bedroom/1-Bathroom and 14, 2-Bedroom/1-Bathroom apartments. The units average 745 SF each and currently generate an average rent of $1,910. Similar units in the area have leased for an average of $2,215, which leaves about 15% remaining upside for a new investor to capitalize on an already renovated asset in great condition. 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.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£470,171	£24.26
Other Income	£27,262	£1.41
Vacancy Loss	£14,923	£0.77
Effective Gross Income	£482,510	£24.89
Taxes	£80,971	£4.18
Operating Expenses	£76,191	£3.93
Total Expenses	£157,162	£8.11
Net Operating Income	£325,348	£16.78

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£470,171
Annual Per SF	£24.26

Other Income
Annual	£27,262
Annual Per SF	£1.41

Vacancy Loss
Annual	£14,923
Annual Per SF	£0.77

Effective Gross Income
Annual	£482,510
Annual Per SF	£24.89

Taxes
Annual	£80,971
Annual Per SF	£4.18

Operating Expenses
Annual	£76,191
Annual Per SF	£3.93

Total Expenses
Annual	£157,162
Annual Per SF	£8.11

Net Operating Income
Annual	£325,348
Annual Per SF	£16.78

Property Facts

Price	£6,308,055	Apartment Style	Garden
Price Per Unit	£242,617	Building Class	C
Sale Type	Investment	Lot Size	0.83 AC
Net Initial Yield	5.16%	Building Size	19,384 SF
Gross Rent Multiplier	12.68	Average Occupancy	96%
No. Units	26	Number of Floors	2
Property Type	Residential	Year Built	1964
Property Subtype	Apartment	Parking Ratio	2.01/1,000 SF

Price	£6,308,055
Price Per Unit	£242,617
Sale Type	Investment
Net Initial Yield	5.16%
Gross Rent Multiplier	12.68
No. Units	26
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.83 AC
Building Size	19,384 SF
Average Occupancy	96%
Number of Floors	2
Year Built	1964
Parking Ratio	2.01/1,000 SF

Unit Amenities

Air Conditioning
Heating

Ceiling Fans
Kitchen

Stainless Steel Appliances

Tub/Shower

Site Amenities

Courtyard

Laundry Facilities

Gated

Grill

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	12	£1,434	664
2+1	14	£1,596	815

PROPERTY TAXES

Parcel Number	8437-002-030	Total Assessment	£7,182,660 (2024)
Land Assessment	£2,876,348 (2024)	Annual Taxes	£80,971 (£4.18/sf)
Improvements Assessment	£4,306,313 (2024)	Tax Year	2023