fbpx

9 am to 6 pm

Monday to Friday

1221 S Hacienda Blvd

Hacienda Heights, CA 91745

1 626 427 0786

kris@theapartmentdealer.com

Price Range: From to

Compare Listings

13 Units in Baldwin Park

14864 Pacific Ave, Baldwin Park, CA 91706, USA
Sold For$3,850,000$284,231/Per Unit

Description

SALE HIGHLIGHTS

  • Sale Price: $3,850,000
  • 4.78% Cap Rate | 14.15 GRM

SELLER STORY

  • For over two generations, this property wasn’t just an asset, it was a part of this family’s legacy. Yet, with the shifting sands of local rent control laws and the evolving political landscape, the decision was made to turn a new page. The choice to transition from the hands-on demands of multi-family property management to embracing the stability and ease of a Delaware Statutory Trust (DST) was deliberate. The goal? To secure a steady income stream, perfectly tailored for the golden years of retirement. Dive into their journey, hear their insights, and maybe, just maybe, see a reflection of your own aspirations in their story.

HOW DID WE DO IT?

  • 4,060 – Direct Mailers Sent to Internal Investor Database
  • 6,500 – Emails Directly Sent to Exclusive Buyer List
  • 4,400 – Facebook and Instagram Views
  • 14,800 – Views on Listing Search Sites

PROPERTY HIGHLIGHTS

ALL 2-STORY TOWNHOMES!
BUILT IN 1984!
PRIDE OF OWNERSHIP ASSET!
HUGE RENTAL UNITS!

  • 15,746 Rental Sq. Ft. | 24,653 Sq. Ft. Lot
  • Unit Mix of:
    • (1) 3-Bed/3-Bath Detached 2-Story Townhome
    • (10) 3-Bed/2-Bath Townhome Units
    • (2) 2-Bed/2-Bath Townhome Units
  • Tenant Amenities:
    • Private 2-Car Attached Garages (Private Entry to Ground Floor of Each Townhome)
    • Central A/C & Heat
    • Private Patios & Balconies
    • Interior Washer/Dryer Hookups
    • Each Unit Offers Ground Floor Bedroom
  • Recent Improvements:
    • 2 Units Completely Remodeled
    • TPO (Thermoplastic Polyolefin) Coating on Roof
    • All A/C Units Replaced in Last 10 Years
  • Strong Financials, Day 1
  • Tenants Pay ALL Utilities (Separate Meters for Water, Electric, Gas)
  • Prime SGV Location
  • 37% UPSIDE IN RENTAL INCOME!
  • Address: 14864 Pacific Ave
  • City: Baldwin Park
  • State/county: California
  • Zip/Postal Code: 91706
  • Country: United States

Detail

Updated on March 6, 2024 at 5:08 pm

  • Price: Sold For $3,850,000
  • Property Size: 15746 SqFt
  • Land Area: 24653 SqFt
  • Year Built: 1984
  • Property Type: Multi Family
  • Property Status: Just Sold, Sold

Additional details

  • # of Units: 13
  • Unit Mix: 1 (3+3), 10 (3+2), 2 (2+2)
  • Zoning: BPR3*
  • We Represented: Seller / Buyer
  • Close of Escrow: 02/16/2024

Video

WalkScore

walkscore71 / Very Walkable more details here

Contact info

Kristopher German
Kristopher German
(626) 427-0786
Facebook Twitter Youtube

Enquire about this property

    Do You Own Multi-Family Properties?
    NoYes

    Are You an Agent?
    NoYes