14457 Cavette Pl - Apartments FOR SALE


Baldwin Park, CA 91706
$1,450,000 USD
626-427-0786
14457 Cavette Pl, Baldwin Park, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/9
null | 5.52% Cap Rate

14457 Cavette Pl
Baldwin Park, CA 91706


HIGHLIGHTS

  • OVER 35% Upside in Rental Income!
  • First Time On Market in 20 Years!
  • 3,384 Rental Sq. Ft. I Huge 22,313 Sq.Ft. Lot
  • Unit Mix: (1) 3-Bed/1-Bath Cottage & (4) 2-Bed/1-Bath Cottages
  • Tenants Enjoy On-Site Garage & Open-Space Parking

OVERVIEW

Kristopher German and Alex Lin of The Apartment Dealer are proud to present this rare Baldwin Park multi-family opportunity, available for the first time in over 20 years! The subject property features five detached, single-story cottages situated on a massive 22,313 square foot 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 Valley’s most stable rental markets.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

5

PRICE/UNIT

$290,000

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Story Cottages - HUGE 22,313 SqFt Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,251 SF

ZONING

R1, Baldwin Park

APN/PARCEL ID

8415-009-040

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.