Kimberly Apartments | 14521 Clark St
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Kimberly Apartments 14521 Clark St
26 Unit Apartment Building $11,230,417 CAD ($431,939 CAD/Unit) 5.16% Cap Rate Baldwin Park, CA 91706
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.
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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$837,060
|
$43.18
|
| Other Income |
$48,535
|
$2.50
|
| Vacancy Loss |
$26,568
|
$1.37
|
| Effective Gross Income |
$859,026
|
$44.32
|
| Taxes |
$144,155
|
$7.44
|
| Operating Expenses |
$135,644
|
$7.00
|
| Total Expenses |
$279,800
|
$14.43
|
| Net Operating Income |
$579,227
|
$29.88
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $837,060 |
| Annual Per SF | $43.18 |
| Other Income (CAD) | |
|---|---|
| Annual | $48,535 |
| Annual Per SF | $2.50 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,568 |
| Annual Per SF | $1.37 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $859,026 |
| Annual Per SF | $44.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $144,155 |
| Annual Per SF | $7.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $135,644 |
| Annual Per SF | $7.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $279,800 |
| Annual Per SF | $14.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $579,227 |
| Annual Per SF | $29.88 |
Property Facts
| Price | $11,230,417 CAD | Apartment Style | Garden |
| Price Per Unit | $431,939 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.83 AC |
| Cap Rate | 5.16% | Building Size | 19,384 SF |
| Gross Rent Multiplier | 12.68 | Average Occupancy | 96% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Price | $11,230,417 CAD |
| Price Per Unit | $431,939 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 12.68 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.83 AC |
| Building Size | 19,384 SF |
| Average Occupancy | 96% |
| No. Stories | 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 | $2,553 CAD | 664 |
| 2+1 | 14 | $2,841 CAD | 815 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 8437-002-030 | Total Assessment | $12,662,603 CAD (2024) |
| Land Assessment | $5,070,829 CAD (2024) | Annual Taxes | $144,155 CAD ($7.44 CAD/SF) |
| Improvements Assessment | $7,591,773 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
8437-002-030
Land Assessment
$5,070,829 CAD (2024)
Improvements Assessment
$7,591,773 CAD (2024)
Total Assessment
$12,662,603 CAD (2024)
Annual Taxes
$144,155 CAD ($7.44 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | BPR3* |
| BPR3* |
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Justino Faaola -
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Kimberly Apartments | 14521 Clark St
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