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14457 Cavette, Baldwin Park, CA 91706
Priced at Only: $1,450,000
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Address: 14457 Cavette, Baldwin Park, CA 91706
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  • MLS#: CV26042900 ( Apartment )
  • Street Address: 14457 Cavette
  • Viewed: 2
  • Price: $1,450,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1944
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Baldwin Park
  • Zipcode: 91706
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    First time on the market in over 20 years! This rare Baldwin Park multi family opportunity features detached, single story cottages situated on a HUGE 22,313 sq. ft. lot. The property offers 3,384 rentable square feet with an attractive unit mix consisting of one 3 Bed/1 Bath cottage and four 2 Bed/1 Bath cottages, layouts that consistently attract strong tenant demand. Tenants enjoy on site garage and open space parking, along with the privacy and appeal of cottage style living. The property is individually metered for gas and electricity while the owner pays for water use. Currently operating at a 5.52% CAP Rate and 12.82 GRM on existing rents, the asset also presents over 35% upside in rental income, offering investors a path to increased cash flow and long term value growth. With its large lot, desirable unit mix, and significant rental upside, this pride of ownership property represents a compelling opportunity in one of the San Gabriel Valleys most stable rental markets.
Features
Accessibility Features
  1. None
Appliances
  1. None
Architectural Style
  1. Cottage
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 3384.00
Carport Spaces
  1. 1.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Current Financing
  1. None
Fencing
  1. Block
Fireplace Features
  1. None
Garage Spaces
  1. 1.00
Insurance Expense
  1. 3575.00
Laundry Features
  1. None
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 80101.00
Newtaxesexpense
  1. 17066.00
Parcel Number
  1. 8415009040
Parking Features
  1. Garage
  2. Assigned
  3. Paved
  4. Asphalt
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Surface Type
  1. Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 457442773:CRM
Spa Features
  1. None
Taxblock
  1. 009
Tenant Pays
  1. Gas
  2. Electricity
Totalactualrent
  1. 9422.00
Totalexpenses
  1. 29571.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 5.00
Utilities
  1. Water Available
  2. Sewer Available
  3. Natural Gas Available
  4. Electricity Available
Vacancyallowance
  1. 3392
View
  1. None
Water Sewer Expense
  1. 4180.00
Water Source
  1. Public
Year Built
  1. 1944
Year Built Source
  1. Assessor
Zoning
  1. BPR1*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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