Updated Dec 21, 2023
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
About this deal
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
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