Properties
Baldwin Park, CA 91706 14457 Cavette
$1,450,000
Pending
3 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Baths • 1
SQFT • 3,384
Garage • 1
Home Details
First time on the market in over 20 years! This rare Baldwin Park multi-family opportunity features detached, single-story cottages situated on a HUGE 22,313 sq. ft. lot. The property offers 3,384 rentable square feet with an attractive unit mix consisting of one 3-Bed/1-Bath cottage and four 2-Bed/1-Bath cottages, layouts that consistently attract strong tenant demand.
Tenants enjoy on-site garage and open-space parking, along with the privacy and appeal of cottage-style living. The property is individually metered for gas and electricity while the owner pays for water use. Currently operating at a 5.52% CAP Rate and 12.82 GRM on existing rents, the asset also presents over 35% upside in rental income, offering investors a path to increased cash-flow and long-term value growth.
With its large lot, desirable unit mix, and significant rental upside, this pride-of-ownership property represents a compelling opportunity in one of the San Gabriel Valley’s most stable rental markets.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 14457 Cavette
Other Interior Features
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 14457 Cavette
AccessibilityNone
Additional Parcels Y/NNo
Architectural StyleCottage
Building Area UnitsSquare Feet
Cap Rate5.52
Carport Spaces1
Carport Y/NYes
CityBaldwin Park
Community FeaturesGutter(s), Sidewalks
CountyLos Angeles
Current FinancingNone
DirectionsEast of Maine Ave. South of Olive St
Entry Location1
Garage Spaces1
Garage Y/NYes
Gross Income113064
HOANo
HOA Fee$
Insurance Expense3575
Land Lease Y/NNo
LevelsOne
Listing TermsCash to New Loan
Lot Size Square Feet22313
Lot Size UnitsSquare Feet
MLS Area608 - Baldwin Pk/Irwindale
MaintenanceExpense3750
Net Operating Income80101
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces5
Operating Expense29571
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityBALDWIN PARK
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories Count1
Tax Lot8415
Taxes$17,066
Tenant PaysElectricity, Gas
Total Actual Rent9422
Trash Expense0
UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
ViewNone
Water Sewer Expense4180
Year Built1944
Year Built SourceAssessor
ZoningBPR1*
Exterior for 14457 Cavette
Building Area Total3384
FencingBlock
Lot Features0-1 Unit/Acre
Lot Size Acres0.5122
Lot Size Area22313
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesAssigned, Asphalt, Garage, Paved
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking7
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
