NOT LISTED FOR SALE

344 W Mountain View Ave Glendora, CA 91741

The Village Neighborhood
7 Beds
5 Baths
2,836 Sq Ft
8,076 Sq Ft Lot

Last Sold December 15, 2021

Last sale price $1,355,000 $478 Per Sq Ft

28 Days on Market

Highlights

  • Golf Course Community
  • Mountain View
  • Lawn
  • La Fetra Elementary School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of December 2021

Excellent investment opportunity for 5 units on one lot, each with their own separate gas and electric meters, in Glendora!

This property is well maintained and professionally managed. The detached front house was built in 1925 and consists of 3 bedrooms and 1 bathroom. The front house has its own driveway, yard, patio, and separate entrance. The roof was recently done in 2019 for the front house. A full plumbing repipe was done in 2012 for the entire property.

There are four approximately 550 sqft units behind the front house that have their own parking and alleyway access. The units were built in 1961 and have been upgraded throughout the years.

The landscaping has been professionally maintained.

Last Agent to Sell the Property

Sam Shwetz

MESA PROPERTIES INC. License #02069937 Listed on: 09/03/2021

Co-Listed By

Sawyer Shwetz

MESA PROPERTIES INC. License #02091893

Last Buyer's Agent

Lisa Skatvold

RE/MAX TOP PRODUCERS License #02080574

RE/MAX TOP PRODUCERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 8,076 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Traditional Architecture
  • Apartment
  • Turnkey
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,836 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Private Parking
  • Driveway Level
  • Paved Parking
  • On-Street Parking
  • Parking Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 11
  • Tax Tract Number 11
  • Assessor Parcel Number 8638019011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Foothills

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,580
  • Professional Management Expense $4,627
  • Trash Expense $1,519
  • Water Sewer Expense $1,350
  • Operating Expense $10,076
  • Gross Income $79,500
  • Net Operating Income $57,836

Property Details

Home Type

Multi-Family

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.15
  • Professional Management Expense: 4627.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Fire and Smoke Detection System
  • Subdivision Name Other: MCBRIDE TRACT
  • View: Yes
  • Water Sewer Expenses: 1350.00
  • Zoning: GDR3
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8638019011
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Laminate Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 477.79
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Two On A Lot
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking Features: Driveway, Concrete, Driveway Level, Parking Space, Private, Street
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1519.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Foothills, Golf, Hiking, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Cul-De-Sac, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 8076.00
  • Lot Size Acres: 0.1854
  • Latitude Manual: 34.13745300

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 507 Square Feet
  • Average3 Bed Area: 807 Square Feet
  • Gross Income: 79500.00
  • Gross Multiplier: 17.54
  • Gross Operating Income: 77115.00
  • Gross Scheduled Income: 79500.00
  • Insurance Expense: 2580.00
  • Lot Size Area: 8076.0000 Square Feet
  • Net Operating Income: 57836.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 19279.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Actual Rent: 79500.00
  • Total Expenses: 10076.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 4010.02
  • Tax Lot: 11
  • Tax Tract Number: 11
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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
12/15/2021 12/15/21 Sold $1,355,000 -2.9% $478 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $1,395,000 0.0% $492 / Sq Ft
06/19/2015 06/19/15 Rented $1,400 0.0% --
06/19/2015 06/19/15 For Rent $1,400 -- --
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 $17,674 $1,437,936 $848,966 $588,970
2024 $17,674 $1,409,742 $832,320 $577,422
2023 $17,284 $1,382,100 $816,000 $566,100
2022 $16,961 $1,355,000 $800,000 $555,000
2021 $2,713 $83,525 $28,511 $55,014
2020 $2,672 $83,269 $28,219 $55,050
2019 $2,633 $81,649 $27,666 $53,983
2018 $2,484 $80,061 $27,124 $52,937
2016 $2,334 $76,377 $26,072 $50,305
2015 $2,314 $75,231 $25,681 $49,550
2014 $2,346 $73,758 $25,178 $48,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21194473

California Regional Multiple Listing Service (CRMLS)