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14521 Clark Street, Baldwin...

Arthur G. Gonzales & Carmen M. Gonzales Acquire Multifamily Property On Clark St. In San Gabriel Valley For $8.75M
SOLDMultiFamily

Arthur G. Gonzales & Carmen M. Gonzales Acquire Multifamily Property On Clark St. In San Gabriel Valley For $8.75M

14521 Clark Street, Baldwin Park, California 91706, United States

$8,750,000

$451/SF

Building Size

19,384 SF

Asset Type

MultiFamily

Closing

May 18, 2022

AI

Located at 14521 Clark St. in the San Gabriel Valley, this multifamily property was recently sold in a closed transaction. The property spans a total of 19,384 square feet and consists of 26 units. The sale price for the property was $8,750,000, resulting in an average price per unit of $336,538. Additionally, the price per square foot was calculated to be $451.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,750,000
  • Address: 14521 Clark St.
  • Market: San Gabriel Valley

The buyers of the property are Arthur G. Gonzales & Carmen M. Gonzales, while the seller is Grant Lin. The representatives involved in the deal include Eric Chen from CBRE, who represented the buyer.

Players

Eric Chen

CBRE

Broker

$886.6M

vol

108 deals

Broker

Grant Lin

Seller

$114.5M

vol

10 deals

Seller

Baldwin Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.81%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93