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568 E Colorado Avenue

Glendora, CA 91740
  • $2,500,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: CV23140980
$2,500,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
629 - Glendora
Type:
Multi-Family
Built:
1963
County:
Los Angeles
Area:
629 - Glendora

School Ratings & Info

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Listing Agent(s): The Mark And Al Team of Century 21 Masters (626-963-9337) and Josie Jellick of Century 21 Masters(800-436-0977)


Description

Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential which could increase cap rate to 4.8% . Buyer to complete their own due diligence in regard to all aspects of the property, including income, expenses, and potential rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142027653
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568 E Colorado Avenue Glendora, CA 91740

  • Price: $2,500,000
  • Status: Active
  • On Site: 59 Days
  • MLS #: CV23140980
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1963
Built
Neighborhood:
629 - Glendora
County:
Los Angeles
Area:
629 - Glendora
Property Description
Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential which could increase cap rate to 4.8% . Buyer to complete their own due diligence in regard to all aspects of the property, including income, expenses, and potential rents.
Exterior Features

Carport Spaces 7 Carport YN Yes Entry Level 1 Entry Location Right Side Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 3 Parking Features Assigned Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.83 Common Interest None Community Features Street LightsSidewalks Electric Expense 444 Fuel Expense 3000 Garage YN No Gross Income 140040 Gross Scheduled Income 135240 Insurance Expense 2640 Land Lease YN No Laundry Features Common AreaLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 95844 New Construction YN No New Taxes Expense 30000 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 44196 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 4812 Water Sewer Expense 2100 Water Source See Remarks Zoning Gdr3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): The Mark And Al Team of Century 21 Masters (626-963-9337) and Josie Jellick of Century 21 Masters(800-436-0977)