NOT LISTED FOR SALE

227 S Wabash Ave Glendora, CA 91741

The Village Neighborhood

Estimated Value: $947,000 - $1,232,000

4 Beds
3 Baths
1,844 Sq Ft
$594/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $785,000 $426 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,593/month

15 Days on Market

Highlights

  • Laundry Room
  • Cullen Elementary School Rated A
  • Front Yard

About This Home

As of October 2017

These units are a great investment for a first time investor or a seasoned investor seeking solid returns. The property is composed of 3 units, one of which has 2 bedrooms and 1 bathroom with a large private yard. The other 2 units are 1 bedroom and 1 bathroom with a good sized private patio. Great location, within close proximity to Downtown Glendora, library, restaurants and entertainment. Based on potential rent, cap rate could be 5.3%. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents. All units are occupied.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 08/17/2017

CENTURY 21 MASTERS

Last Buyer's Agent

Robert Giambalvo

Redfin Corporation License #01955817

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 9,260 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • 1,844 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 8639005015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,140
  • Insurance Expense $864
  • Maintenance Expense $1,800
  • Trash Expense $1,248
  • Water Sewer Expense $1,416
  • New Taxes Expense $8,244
  • Operating Expense $14,712
  • Gross Income $45,300
  • Net Operating Income $30,588

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Ad Number: 626-963-9337
  • CapRate: 4.08
  • Property Attached: No
  • Water Sewer Expenses: 1416.00
  • Zoning: GDR3_HPOZ
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 8639005015
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 425.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 1248.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 9260.00

Multi Family

  • Gross Income: 45300.00
  • Gross Scheduled Income: 45300.00
  • Insurance Expense: 864.00
  • Maintenance Expense: 1800.00
  • Net Operating Income: 30588.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 14712.00
  • Rent Control: No
  • Total Expenses: 14712.00

Tax Info

  • New Taxes Expense: 8244.00
  • Tax Census Tract: 4011.02
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2024
Sold by
Leung William Kei Ho and Tse Cherry Ching
Bought by
Leung Family Revocable Living Trust
Current Estimated Value
$1,095,652

Purchase Details

Listed on
Aug 17, 2017
Closed on
Sep 25, 2017
Sold by
Smith James W and Smith Kathleen A
Bought by
Leung William Kei Ho and Tse Cherry Ching
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Robert Giambalvo
Redfin Corporation
List Price
$749,900
Sold Price
$785,000
Premium/Discount to List
$35,100
4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$588,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2001
Sold by
Smith James W and Smith Kathleen A
Bought by
Smith James W and Smith Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.26%

Purchase Details

Closed on
Apr 19, 1999
Sold by
Smith James and Smith Kathleen
Bought by
Smith James W and Smith Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 29, 1999
Sold by
Kathleen Smith Trust Smith James And Kathleen
Bought by
Smith James W and Smith Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Leung Family Revocable Living Trust -- None Listed On Document
Leung William Kei Ho $785,000 Chicago Title Company
Smith James W -- First American Title Ins Co
Smith James W -- --
Smith James W -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leung William Kei Ho $588,750
Previous Owner Smith James W $144,000
Previous Owner Smith James W $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2017 10/06/17 Sold $785,000 +4.7% $426 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $749,900 -4.5% $407 / Sq Ft
08/25/2017 08/25/17 Off Market $785,000 -- --
08/17/2017 08/17/17 For Sale $749,900 -- $407 / 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 $10,774 $893,192 $551,845 $341,347
2024 $10,774 $875,679 $541,025 $334,654
2023 $10,532 $858,510 $530,417 $328,093
2022 $10,331 $841,677 $520,017 $321,660
2021 $10,156 $825,174 $509,821 $315,353
2020 $9,821 $816,714 $504,594 $312,120
2019 $9,594 $800,700 $494,700 $306,000
2018 $9,386 $785,000 $485,000 $300,000
2016 $2,959 $201,592 $142,978 $58,614
2015 $2,906 $198,565 $140,831 $57,734
2014 $2,919 $194,677 $138,073 $56,604
Source: Public Records

Agents Affiliated with this Home

  • The Mark and Al Team

    Seller's Agent in 2017

    The Mark and Al Team

    CENTURY 21 MASTERS

    (626) 335-6000

    5 in this area

    314 Total Sales

    The Mark and Al Team
    Section Image

  • R

    Buyer's Agent in 2017

    Robert Giambalvo

    Redfin Corporation

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17188149

California Regional Multiple Listing Service (CRMLS)

APN: 8639-005-015

California Los Angeles County Glendora 91741 The Village

227 S Wabash Ave, Glendora, CA

Not Listed for Sale

MultiFamily

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