Baldwin Park, CA 91706,14864 Pacific AVE
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Baldwin Park, CA 91706,14864 Pacific AVE
Baldwin Park, CA 91706,14864 Pacific AVE
Baldwin Park, CA 91706,14864 Pacific AVE
Baldwin Park, CA 91706,14864 Pacific AVE

$3,850,000

Est. payment /mo

$3,695,000

4.2%
Est.Price: ?

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14864 Pacific AVE Baldwin Park, CA 91706

15,746 SqFt

SOLD DATE : 02/16/2024

Key Details

Sold Price $3,850,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 15,746 sqft

Price per Sqft $244

MLS Listing ID CV24005495

Sold Date 02/16/24

HOA Y/N No

Year Built 1984

Lot Size 0.566 Acres

Property Description

1980's Built Townhouses Offered at 5% CAP Rate!!! We are pleased to exclusively offer for sale this investment opportunity in the vibrant Baldwin Park area which features 13 expansive, two-story townhouses, built in 1984. This pride of ownership asset encompasses a total rental space of 15,746 sq ft on a generous 24,653 sqft lot. With a favorable 5% CAP Rate (current) and a 13.58 GRM, this stands as a prime investment.

The property's unit mix includes one detached 3 Bed/3 Bath two-story townhouse, ten 3 Bed/2 Bath townhouses, and two 2 Bed/2 Bath townhouses. Each townhouse boasts private 2-car attached garages with direct entry to the ground floor, central air conditioning and heating, private patios and balconies, and convenient interior washer/dryer hookups. Additionally, each unit features a ground floor bedroom, catering to diverse living needs.

Significant recent improvements add to the property's value, with two units completely remodeled and a durable TPO coating applied to the roof. All air conditioning units have been replaced within the last ten years, underscoring the seller's commitment to maintaining high standards.

Financially, the property is poised for success from the outset, with tenants covering all utility costs, thanks to separate meters for water, electricity, and gas. Located in a prime SGV location, it offers a substantial 37% potential upside in rental income, making it an attractive option for investors seeking a property with strong growth prospects.

Location

State CA

County Los Angeles

Area 608 - Baldwin Pk/Irwindale

Zoning BPR3*

Rooms

Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside

Heating Central

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Spaces 26.0

Garage Description 26.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 28

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8438022076

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

Lease Land No

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California Regional MLS (CRMLS)
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
Bought with Kristopher German • RE/MAX 2000 REALTY

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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