NOT LISTED FOR SALE

14503 Chevalier Ave Baldwin Park, CA 91706

Estimated Value: $1,173,000 - $1,174,846

6 Beds
5 Baths
2,090 Sq Ft
$562/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $900,000 $431 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,163/month

204 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Baldwin Park
  • Turnkey
  • Laundry Room
  • South Facing Home
  • Front Yard

About This Home

As of May 2021

Great Investment Opportunity to own 5 unit income property in good area of Baldwin Park. Units include: 2BR/1BA House and 4 - 1 bedroom Units. This investment opportunity is situated on a corner lot, All units currently occupied. The House on the corner is a charming, well maintained 2 Bedroom / 1 Bath home, fenced yard, private. The other 4 Units have upgrades. Separately metered for electric, the property has very low expenses with potential Rents upside. These units are conveniently located near schools, shopping, entertainment and transportation. Amazing location directly next door to police station and metro link.

Last Agent to Sell the Property

Kevin Finley

CENTURY 21 CITRUS REALTY INC License #01939269 Listed on: 09/08/2020

CENTURY 21 CITRUS REALTY INC

Last Buyer's Agent

Yvonne Matloff

TSE REALTY & MANAGEMENT SERVIC License #00908463

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 7,885 Sq Ft Lot
  • Two or More Common Walls
  • South Facing Home
  • Front Yard

Home Design

  • Apartment
  • Turnkey
  • Composition Roof

Interior Spaces

  • 2,090 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 33
  • Tax Tract Number 6
  • Assessor Parcel Number 8554010018

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $958
  • Trash Expense $1,416
  • Water Sewer Expense $864
  • New Taxes Expense $11,187
  • Operating Expense $14,425
  • Gross Income $59,340
  • Net Operating Income $46,632

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

7,885 Sq Ft Lot

Listing Details

  • CapRate: 5.21
  • Property Attached: Yes
  • Water Sewer Expenses: 864.00
  • Zoning: BPR3*
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8554010018
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 430.62
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Utilities: Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1416.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7885.00
  • Lot Size Acres: 0.1810

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 59340.00
  • Gross Scheduled Income: 59340.00
  • Insurance Expense: 958.00
  • Lot Size Area: 7885.0000 Square Feet
  • Net Operating Income: 46632.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 12708.00
  • Rent Control: Yes
  • Total Actual Rent: 4945.00
  • Total Expenses: 14425.00

Tax Info

  • New Taxes Expense: 11187.00
  • Tax Census Tract: 4052.01
  • Tax Lot: 33
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2004
Sold by
Forgette Paul F and Forgette Ronda
Bought by
Jimenez Jose V and Jimenez Guadalupe
Current Estimated Value
$1,173,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,800
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2003
Sold by
Teter Jason G and Teter Dorothy J
Bought by
Forgette Paul F and Forgette Ronda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,700
Interest Rate
5.5%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 3, 1997
Sold by
Vanegas Efegenia
Bought by
Teter Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 17, 1997
Sold by
Teter Robert E
Bought by
Teter Jason G and Teter Dorothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 6, 1997
Sold by
Tons Irv and Tons Iris
Bought by
Teter Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 1995
Sold by
Tons Betty
Bought by
Tons Irv

Purchase Details

Closed on
Apr 12, 1995
Sold by
Tons Iris
Bought by
Tons Irv
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jimenez Jose V $595,000 First American Title Company
Forgette Paul F $285,000 Equity Title Company
Teter Robert E -- Old Republic Title Company
Teter Jason G $125,000 Old Republic Title Company
Teter Robert E $141,517 First Southwestern Title
Tons Irv -- --
Tons Irv -- Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jimenez Jose V $303,800
Previous Owner Forgette Paul F $213,700
Previous Owner Teter Jason G $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $900,000 +2.9% $431 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $875,000 0.0% $419 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $875,000 -2.8% $419 / Sq Ft
02/09/2021 02/09/21 Off Market $900,000 -- --
01/13/2021 01/13/21 For Sale $875,000 0.0% $419 / Sq Ft
01/12/2021 01/12/21 For Sale $875,000 -2.8% $419 / Sq Ft
12/31/2020 12/31/20 Off Market $900,000 -- --
12/16/2020 12/16/20 Pending -- -- --
11/26/2020 11/26/20 For Sale $875,000 -2.8% $419 / Sq Ft
11/24/2020 11/24/20 Off Market $900,000 -- --
11/23/2020 11/23/20 Price Changed $875,000 -2.2% $419 / Sq Ft
10/28/2020 10/28/20 For Sale $895,000 0.0% $428 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $895,000 0.0% $428 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $895,000 -- $428 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,599 $974,186 $737,135 $237,051
2024 $12,916 $955,085 $722,682 $232,403
2023 $12,786 $936,359 $708,512 $227,847
2022 $13,024 $918,000 $694,620 $223,380
2021 $11,191 $766,207 $579,487 $186,720
2020 $11,168 $758,792 $573,546 $185,246
2019 $10,530 $743,923 $562,300 $181,623
2018 $10,055 $729,346 $551,275 $178,071
2016 $9,470 $700,604 $529,869 $170,735
2015 $9,714 $690,081 $521,910 $168,171
2014 $9,591 $676,564 $511,687 $164,877
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20183801

California Regional Multiple Listing Service (CRMLS)

APN: 8554-010-018

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