$1,380,000
$1,450,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
14457 Cavette Baldwin Park, CA 91706
0.51 Acres Lot
Key Details
Sold Price $1,380,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV26042900
Sold Date 04/16/26
HOA Y/N No
Year Built 1944
Lot Size 0.512 Acres
Property Sub-Type Apartment
Property 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 Valley's most stable rental markets.
Location
State CA
County Los Angeles
Area 608 - Baldwin Pk/Irwindale
Zoning BPR1*
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned, Asphalt, Garage, Paved
Garage Spaces 1.0
Carport Spaces 1
Garage Description 1.0
Fence Block
Pool None
Community Features Gutter(s), Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
View None
Roof Type Shingle
Accessibility None
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Cottage
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 8415009040
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Katherine Rose The R.R. Network
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