14517 Jeremie Street, Baldwin Park, California 91706, Baldwin Park, 91706 - bed, bath
ACTIVE$1,100,000
14517 Jeremie Street, Baldwin Park, California 91706
0Bed
0Bath
2,386Sqft
6,000Lot
Year Built
1980
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$461
HOA
-
Days on market
-
Sold On
-
MLS number
WS25075108
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(67th), sqft - 2386(67th), beds - undefined(50th), baths - undefined(50th).
Prime investment opportunity! Welcome to this newer 2-story triplex constructed in 1980. This property is nestled in a desirable residential neighborhood, just steps away from the metro and vibrant downtown area filled with plenty of dining, shopping and entertainment options. The front unit is 2-levels with 2 bedroom 1 bath. The other 2 units are 1 bed 1 bath. Each unit has its own private garage. All units are separately metered for gas and electricity. Spacious laundry room in the rear and yards in both the front and back. Lots of upside potential!
Condition Rating
Fair
Built in 1980, this triplex is 44 years old and the interior images reveal largely original or very dated features. The kitchen shows older wood-look cabinets, laminate countertops, and basic fixtures, while the bathroom features a similar dated vanity and lighting. Flooring consists of older carpets and linoleum/vinyl. While the property appears maintained and functional, it has not undergone significant renovations to update its style or components, aligning with a property built over 40 years ago with no major renovations since construction. It requires minor updates to modernize and maximize its potential.
Pros & Cons
Pros
Investment Potential: Categorized as a 'Prime investment opportunity' with 'lots of upside potential,' indicating strong financial growth prospects for an investor.
Strategic Location: Situated in a desirable residential neighborhood, offering convenient access to metro, downtown amenities, dining, shopping, and entertainment.
Income-Generating Triplex: Features three distinct units (one 2-bed/1-bath, two 1-bed/1-bath) providing multiple income streams and diversification.
Tenant-Friendly Amenities: Each unit benefits from a private garage, and the property includes a spacious shared laundry room and private yards, enhancing tenant appeal.
Operational Efficiency: All units are separately metered for gas and electricity, minimizing landlord utility expenses and simplifying tenant billing.
Cons
Property Age: Built in 1980, the property is over 40 years old, which may imply original systems (plumbing, electrical, HVAC) are nearing end-of-life and could require future capital expenditures.
Unit Configuration: The unit mix, primarily 1-bedroom units, might limit the tenant pool compared to properties offering larger, multi-bedroom configurations.
Potential for Renovation Costs: The 'upside potential' suggests that current rents may not be maximized, and achieving higher returns could necessitate additional investment in unit renovations or property upgrades.