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14960 CLARK Avenue, Hacienda Heights, CA 91745

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14960 CLARK Avenue
Hacienda Heights, CA 91745

In Escrow / Under Contract: $8,800,000

Property Type: Commercial Apartments
MLS#: 17285554

  • Building Size: 24032 SF
  • Lot Size: 49975 SF
  • Number of Units: 24
  • Year Built: 2004
  • Days on market: 386
  • Cap Rate: 3.67
  • Net Operating Income: $323,051
  • Gross Scheduled Income: $527,340
  • Rent Control: No
  • GRM: 16.89
  • Contact Listing Agent Direct:
  • Sean Rosenzweig, Marcus & Millichap

Property 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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14960 CLARK Avenue, Hacienda Heights, CA 91745

Based on information from California Regional Multiple Listing Service, Inc. as of January 4, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Sean Rosenzweig, Marcus & Millichap

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