NOT LISTED FOR SALE

232 E Foothill Blvd Glendora, CA 91741

The Village Neighborhood
5 Beds
4 Baths
7,548 Sq Ft
0.57 Acres

Last Sold March 01, 2017

Last sale price $3,000,000 $397 Per Sq Ft

42 Days on Market

Highlights

  • 24,650 Sq Ft lot
  • Property is near park and public transit
  • Cooling System Mounted To A Wall/Window
  • Cullen Elementary School Rated A
  • No HOA
  • 4-minute walk to Finkbiner Park

About This Home

As of March 2017

The Foothill Apartments is a 10-unit pride of ownership apartment community located in the northern part of the City of Glendora. Built in 1978 and 1953, the property is a NON rent controlled apartment situated on a large 24,649 square foot lot. The property is a low-rise, split level garden style apartment with the front 6 units on two single story buildings (built in 1953) and the remaining 4 units on two story buildings in the back. It has a center courtyard with clean and spacious landscaping with parking in the back. There is an additional parking area on the side of the building as well. Each unit is individually metered for electricity and gas with its own individual water heater, central A/C in some units and wall A/C and heater, plenty of storage spaces, and private patio. Several units have fireplaces. It has total of 16 parking spaces with 9 detached private car garage and 7 open parking spaces.
The property is located in one of the best locations in Glendora. The property sits adjacent to Glendora City Hall on Foothill Blvd. It is a block away to downtown “Glendora Village – The Avenue” which has been voted as the San Gabriel Valley’s Best Downtown for 2 years in a row. It is located within close proximity to Route 66, and near the 210 and 57 freeways. Although not a designated landmark, the property is within the vicinity of Glendora Historic District.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 11/28/2016

Last Buyer's Agent

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 11/28/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.57 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 7 Open Parking Spaces
  • 9 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • 7,548 Sq Ft Home
  • Split Level Home
  • Apartment

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Accessible Home Design

  • Accessible Parking

Location

  • Property is near park and public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 28
  • Assessor Parcel Number 8638028028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,353
  • Gardener Expense $2,400
  • Insurance Expense $3,700
  • Maintenance Expense $3,500
  • Other Expense $1,500
  • Pest Control $480
  • New Taxes Expense $34,286
  • Operating Expense $53,219
  • Gross Income $165,000
  • Net Operating Income $106,831

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

9

Listing Details

  • Property Attached: Yes
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8638028028
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking
  • Levels: Multi/Split
  • Price Per Square Foot: 397.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 7.00

Utilities

  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 24650.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 7353.00
  • Gross Income: 165000.00
  • Gross Operating Income: 160050.00
  • Gross Scheduled Income: 165000.00
  • Insurance Expense: 3700.00
  • Maintenance Expense: 3500.00
  • Net Operating Income: 106831.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 53219.00
  • Other Expense: 1500.00
  • Other Expense Description: assessme
  • Rent Control: No
  • Total Actual Rent: 13600.00
  • Total Expenses: 53219.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 34286.00
  • Tax Census Tract: 4011.02
  • Tax Lot: 28

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2017 03/01/17 Sold $3,000,000 -1.6% $397 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
11/28/2016 11/28/16 For Sale $3,050,000 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Han Widjaja-Chen

    Seller's Agent in 2017

    Han Widjaja-Chen

    GIG Real Estate Inc.

    (626) 594-4901

    55 Total Sales

    Han Widjaja-Chen
    Section Image

  • B

    Buyer Co-Listing Agent in 2017

    Brian Vosberg

    VOSBERG & ASSOCIATES

    (626) 358-5458

    7 Total Sales

    Brian Vosberg
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16747611

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendora 91741 The Village

232 E Foothill Blvd, Glendora, CA

Not Listed for Sale

MultiFamily

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