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 Schwetz

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

Co-Listed By

Sawyer Schwetz

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
  • Price Per Unit: 279000
  • 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
  • Number Wall A C: 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

Range of Values:

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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sam Schwetz

    Seller's Agent in 2021

    Sam Schwetz

    MESA PROPERTIES INC.

    (909) 532-0711

    1 in this area

    26 Total Sales

    Sam Schwetz
    Section Image
  • Sawyer Schwetz

    Seller Co-Listing Agent in 2021

    Sawyer Schwetz

    MESA PROPERTIES INC.

    (909) 373-6616

    1 in this area

    34 Total Sales

    Sawyer Schwetz
    Section Image
  • Lisa Skatvold

    Buyer's Agent in 2021

    Lisa Skatvold

    RE/MAX

    (626) 622-4430

    2 in this area

    15 Total Sales

    Lisa Skatvold
    Section Image
  • Thomas Gibson

    Seller's Agent in 2015

    Thomas Gibson

    THE WRIGHT ASSOCIATED COMPANY

    (626) 610-1309

    1 in this area

    134 Total Sales

    Thomas Gibson
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21194473

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Glendora 91741 The Village

344 W Mountain View Ave, Glendora, CA

This home is located at 344 W Mountain View Ave, Glendora, CA 91741 since 03 September 2021. This property was built in 1925. 344 W Mountain View 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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