Residential Income – 14960 Clark Ave, Hacienda Heights, CA 91745, USA -001-11-30T00:00:00-08:00
We are pleased to present the opportunity to acquire 14960 Clark Avenue, a 25-unit, non-rent controlled apartment community locatedin the city of Hacienda Heights. Built in 2004 and professionally managed, the property is well maintained with an excellent un
14960 Clark Ave, Hacienda Heights, CA 91745, USA
$8,800,000 USD
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Address14960 Clark Avenue, Hacienda Heights
Price$8,800,000
Year Built2004
Bedrooms Total0
Living Area24,032
Lot Size (Sq.Ft.)49,975
Listing ID17285554
StatusActive
Parcel Number8217010084
ZoningLCCI
Special ConditionsStandard
Days on Market40

Detailed Description: We are pleased to present the opportunity to acquire 14960 Clark Avenue, a 25-unit, non-rent controlled apartment community locatedin the city of Hacienda Heights. Built in 2004 and professionally managed, the property is well maintained with an excellent unit-mix. The subject property offers residents luxury finishes with tasteful modern appointments. The improvements feature secured covered (select units) onsite parking, on-site laundry, and central air-conditioning. The property consists of one 2BR / 1BA (two-bedroom / one-bathroom) unit, 10 3BR / 1BA (threebedroom / one-bathroom) units and 14 3BR / 2BA (three-bedroom / two-bathroom) units. Residents benefit by being adjacent to City of Industry which is in the forefront of Southern California’s growing industrial development with a large daily workforce while still being located in Hacienda Heights which is a family community with homes nestled in the foothills.

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Parking

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Address Information
Address14960 Clark Avenue, Hacienda Heights
Street SuffixAvenue
CityHacienda Heights
Location (MLS Area)631 – Hacienda Heights
County Or ParishLos Angeles
State or ProvinceCalifornia
Postal Code91745
Financial Information
Price per Square Foot$366.18
Price per Lot Square Foot$176.09
Special ConditionsStandard
Total Expenses$188,661
Gross Operating Income$527,340
Net Operating Income$323,051
Gross Multiplier16.89%
Improvements Amount$2,588,887
Land Value$2,977,219
Tax Year2017
Full Descriptions
Parcel Number8217010084
Detailed DescriptionWe are pleased to present the opportunity to acquire 14960 Clark Avenue, a 25-unit, non-rent controlled apartment community locatedin the city of Hacienda Heights. Built in 2004 and professionally managed, the property is well maintained with an excellent unit-mix. The subject property offers residents luxury finishes with tasteful modern appointments. The improvements feature secured covered (select units) onsite parking, on-site laundry, and central air-conditioning. The property consists of one 2BR / 1BA (two-bedroom / one-bathroom) unit, 10 3BR / 1BA (threebedroom / one-bathroom) units and 14 3BR / 2BA (three-bedroom / two-bathroom) units. Residents benefit by being adjacent to City of Industry which is in the forefront of Southern California’s growing industrial development with a large daily workforce while still being located in Hacienda Heights which is a family community with homes nestled in the foothills.
Laundry FeaturesSee Remarks
Cooling DescriptionSee Remarks
Parking FeaturesParking Space
Property parameters
Year Built2004
Living Area (Sq.Ft.)24,032
Lot Size (Sq.Ft.)49,975
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total24
ZoningLCCI
Units Total24
Cap Rate (For Cash Payment Only)3.67
Listed withSean Rosenzweig (Marcus & Millichap)