NOT LISTED FOR SALE

121 N Pennsylvania Ave Glendora, CA 91741

The Village Neighborhood

Estimated Value: $3,807,858

7 Beds
4 Baths
7,262 Sq Ft
$524/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $2,650,000 $365 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $23,367/month

71 Days on Market

Highlights

  • 41,427 Sq Ft lot
  • Lawn
  • Landscaped
  • La Fetra Elementary School Rated A

About This Home

As of July 2016

The Pennsylvania Ave Apartments is located in an excellent north Glendora area within walking distance to many shops and restaurants on Foothill Blvd. Built in 1959, the Pennsylvania Ave Apartments contains 12 sizable units on a 41,426 square foot lot. The units are rare, single story cottage style units and the buildings feature pitched composition roofs. There are 15 open parking spaces with a 1-car garage available. Overall, the property is very well maintained with beautiful landscaping that brings great curb appeal.

The Pennsylvania Ave Apartments is a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser,seasoned investor, or for a 1031 exchange opportunity. The city of Glendora is known as an affluent area with a consistently high-ranking school district. Investors have the rare opportunity to own a great and consistent income producing property in a prime location.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 03/21/2016

Last Buyer's Agent

Tony Totrakam

KO TAI REALTY License #00708660

KO TAI REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,500

Year Built

  • Built in 1959

Lot Details

  • 0.95 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Lawn
  • Density is 11-15 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 7,262 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 471
  • Assessor Parcel Number 8638020042

Community Details

Overview

  • 7 Buildings
  • 4 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,096
  • Gardener Expense $3,000
  • Insurance Expense $2,685
  • Maintenance Expense $6,681
  • Pest Control $660
  • Trash Expense $2,928
  • Water Sewer Expense $3,096
  • New Taxes Expense $32,500
  • Gross Income $14,350
  • Net Operating Income $112,387

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,500

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3096.00
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 8638020042
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 364.91

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: No
  • Pest Control Expense: 660.00
  • Trash Expense: 2928.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre, Lawn, Landscaped
  • Lot Size Sq Ft: 41427.00
  • Price Per Lot Square Foot: 63.97

Multi Family

  • Average1 Bed Area: 510
  • Average2 Bed Area: 840
  • Average3 Bed Area: 1322
  • Electric Expense: 3096.00
  • Gross Income: 14350.00
  • Gross Scheduled Income: 172200.00
  • Insurance Expense: 2685.00
  • Maintenance Expense: 6681.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 112387.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 54647.00
  • Operating Expense Percent: 32.72
  • Rent Control: No
  • Vacancy Allowance: 5166
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 32500.00
  • Taxes Percent: 19.46
  • Tax Lot: 14
  • Tax Rate: 1.08
  • Tax Tract Number: 471
  • Tax Annual Amount: 32500.00
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2016
Closed on
Jul 12, 2016
Sold by
121 N Pennsylvania Ave Llc
Bought by
Baly Investment Inc
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Tony Totrakam
KO TAI REALTY
List Price
$2,800,000
Sold Price
$2,650,000
Premium/Discount to List
-$150,000
-5.36%
Total Days on Market
71
Current Estimated Value
$3,807,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,157,858
Avg. Annual Appreciation
4.31%

Purchase Details

Listed on
Feb 11, 2014
Closed on
Feb 24, 2014
Sold by
Pyramid Rental Properties Llc
Bought by
121 N Pennsylvania Ave Llc
Seller's Agent
Gina Dohlen
Dohlen Real Estate Inc
Buyer's Agent
Jim Younessi
Coldwell Banker Realty
List Price
$2,250,000
Sold Price
$2,500,000
Premium/Discount to List
$250,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%
Original Mortgage
$1,180,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2006
Sold by
Brondino Aldo and Brondino Mary
Bought by
Pyramid Rental Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
6.76%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Baly Investment Inc $2,650,000 Chicago Title Company
121 N Pennsylvania Ave Llc $2,500,000 Chicago Title Company
Pyramid Rental Properties Llc $1,600,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 121 N Pennsylvania Ave Llc $1,180,000
Previous Owner Pyramid Rental Properties Llc $1,280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $2,650,000 -5.4% $365 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $2,800,000 +12.0% $386 / Sq Ft
03/31/2014 03/31/14 Sold $2,500,000 +11.1% $344 / Sq Ft
02/16/2014 02/16/14 Pending -- -- --
02/11/2014 02/11/14 For Sale $2,250,000 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $37,899 $3,015,244 $2,275,657 $739,587
2023 $37,073 $2,956,123 $2,231,037 $725,086
2022 $36,388 $2,898,161 $2,187,292 $710,869
2021 $35,784 $2,841,335 $2,144,404 $696,931
2020 $34,591 $2,812,201 $2,122,416 $689,785
2019 $33,808 $2,757,060 $2,080,800 $676,260
2018 $32,939 $2,703,000 $2,040,000 $663,000
2016 $30,459 $2,588,835 $1,967,515 $621,320
2015 $29,786 $2,549,950 $1,937,962 $611,988
2014 $21,478 $1,748,694 $655,759 $1,092,935
Source: Public Records

Agents Affiliated with this Home

  • Eric Chen

    Seller's Agent in 2016

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    58 Total Sales

    Eric Chen
    Section Image
  • Tony Totrakam

    Buyer's Agent in 2016

    Tony Totrakam

    KO TAI REALTY

    (626) 589-9230

    10 Total Sales

    Tony Totrakam
    Section Image
  • Gina Dohlen

    Seller's Agent in 2014

    Gina Dohlen

    Dohlen Real Estate Inc

    (626) 991-8232

    30 Total Sales

    Gina Dohlen
    Section Image

  • J

    Buyer's Agent in 2014

    Jim Younessi

    Coldwell Banker Realty

    (626) 821-2704

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16058079

California Regional Multiple Listing Service (CRMLS)

APN: 8638-020-042

California Los Angeles County Glendora 91741 The Village

121 N Pennsylvania Ave, Glendora, CA

This home is located at 121 N Pennsylvania Ave, Glendora, CA 91741 since 21 March 2016 and is currently estimated at $3,807,858, approximately $524 per square foot. This property was built in 1959. 121 N Pennsylvania Ave is a home located in Los Angeles County with nearby schools including La Fetra Elementary School, Sandburg Middle School, and Glendora High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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