14521 Clark St
Baldwin Park, CA 91706
$250,000 PRICE REDUCTION | 4.96% Cap Rate · Multifamily Property For Sale · 26 Units

The Kimberley Apartments is a multifamily investment asset constructed in 1964 and renovated in 2018. It is situated on a 36,138 square foot lot. The property contains 26 units with a unit mix of 12 one-bedroom/one-bathroom units and 14 two-bedroom/one-bathroom units. The building size totals 19,384 square feet with an average unit size of 746 square feet. The Kimberly Apartments features gated entry with controlled access, a gated swimming pool, BBQ area, laundry room, and assigned and open-space parking. Each unit is individually metered for gas and electric, with a central water heater. All 26 units offer new vinyl plank flooring in the kitchen/dining room and bathroom, new carpet in living room and bedrooms, new air conditioning units, new ceiling fans in dining area and bedrooms, new kitchen cabinets and quartz countertops, new bathroom vanity, bathroom tiles, and bathtubs, new stainless-steel gas stoves, hood range, and oven, new large stainless-steel double sinks, new vertical blinds, and new security metal doors. The Kimberly Apartments is the only stabilized, heavily renovated, income-producing property and a great long-term investment. The property is located in a highly desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.