NOT LISTED FOR SALE

Estimated Value: $970,000 - $1,148,000

5 Beds
3 Baths
1,863 Sq Ft
$561/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $955,000 $513 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,502/month

19 Days on Market

Highlights

  • Park
  • Laundry Room
  • Bike Trail
  • Cullen Elementary School Rated A
  • Landscaped
  • 3-minute walk to Finkbiner Park

About This Home

As of October 2023

Welcome to an investor’s dream. This is a rare opportunity to own a 3-unit property in Glendora. Each unit boasts long-term tenants with over 5 years of residence, offering stability and consistent rental income. Situated within walking distance to both Finkbiner Park and Glendora Skate Park, this location offers the perfect blend of outdoor recreation and convenience. With a solid 4.2% cap rate, this investment opportunity promises attractive returns. The property falls within an amazing school district, adding to its appeal for families and ensuring strong demand. Glendora's rental market is robust, further highlighting the investment potential. Don't miss out on this chance to secure a property in a sought-after location with dependable tenants and promising financial prospects. Act now and capitalize on the allure of Glendora's rental market!

Last Agent to Sell the Property

George Li

KW Executive License #01992880 Listed on: 08/21/2023

KW Executive

Co-Listed By

Celine Juan

KW Executive License #01992878

Last Buyer's Agent

Michael Sunnaa

Neighborhood Real Estate License #01375902

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,467

Year Built

  • Built in 1951

Lot Details

  • 8,422 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Rectangular Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 1,863 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 3 / A
  • Tax Tract Number 401
  • Assessor Parcel Number 8638010001
  • $741 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $822
  • Trash Expense $1,560
  • New Taxes Expense $9,900
  • Operating Expense $13,482
  • Gross Income $51,300
  • Net Operating Income $37,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,467

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.20
  • Price Per Unit: 333000
  • Property Attached: Yes
  • Zoning: GDR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8638010001
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front door
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 512.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1560.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot
  • Lot Size Sq Ft: 8422.00
  • Lot Size Acres: 0.1933

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 51300.00
  • Gross Scheduled Income: 51300.00
  • Insurance Expense: 822.00
  • Lot Size Area: 8422.0000 Square Feet
  • Net Operating Income: 37818.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 13482.00
  • Rent Control: Yes
  • Total Expenses: 13482.00

Tax Info

  • New Taxes Expense: 9900.00
  • Tax Block: A
  • Tax Census Tract: 4010.02
  • Tax Lot: 3
  • Tax Tract Number: 401...
  • TaxOtherAnnualAssessmentAmount: 741.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Sep 21, 2023
Sold by
Power Wealth Enterprises Usa Llc
Bought by
Cueva Juan Manuel Perez and Perez Rosa J
Seller's Agent
George Li
KW Executive
Buyer's Agent
Michael Sunnaa
Neighborhood Real Estate
List Price
$900,000
Sold Price
$955,000
Premium/Discount to List
$55,000
6.11%
Total Days on Market
19
Views
458
Current Estimated Value
$1,044,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,999
Avg. Annual Appreciation
5.72%
Original Mortgage
$752,000
Outstanding Balance
$740,731
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$304,269

Purchase Details

Closed on
Sep 11, 2017
Sold by
Poon Jacob
Bought by
Power Wealth Enterprises Usa Llc

Purchase Details

Listed on
Nov 8, 2016
Closed on
Jan 11, 2017
Sold by
Poon Cecilia
Bought by
Poon Jacob
Seller's Agent
LOUIS AMORI
OAK HILLS REALTY & MORTGAGE
Buyer's Agent
Richard Fewer
California Realty
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Nov 8, 2016
Closed on
Jan 4, 2017
Sold by
Nino Maria Del Rosario
Bought by
Poon Jacob
Seller's Agent
LOUIS AMORI
OAK HILLS REALTY & MORTGAGE
Buyer's Agent
Richard Fewer
California Realty
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%

Purchase Details

Closed on
Jan 10, 2003
Sold by
Ritter Michael P
Bought by
Nino Maria Delrosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
5.83%

Purchase Details

Closed on
Feb 14, 1996
Sold by
Ritter Michael P and Ritter Roy E
Bought by
Ritter Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,300
Interest Rate
7.97%
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
Cueva Juan Manuel Perez $955,000 Chicago Title Company
Power Wealth Enterprises Usa Llc -- First American Title Company
Poon Jacob -- Lawyers Title
Poon Jacob $675,000 Lawyers Title
Nino Maria Delrosario $335,000 Southland Title
Ritter Michael P -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cueva Juan Manuel Perez $752,000
Previous Owner Poon Jacob $250,000
Previous Owner Nino Maria Del Rosario $391,900
Previous Owner Nino Maria Del Rosario $408,600
Previous Owner Nino Maria Delrosario $379,000
Previous Owner Nino Maria Delrosario $325,000
Previous Owner Nino Maria Delrosario $251,250
Previous Owner Ritter Michael P $157,500
Previous Owner Ritter Michael P $130,202
Previous Owner Ritter Michael P $105,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $955,000 -4.4% $513 / Sq Ft
09/09/2023 09/09/23 Pending -- -- --
09/03/2023 09/03/23 Price Changed $999,000 +11.0% $536 / Sq Ft
08/21/2023 08/21/23 For Sale $900,000 +33.3% $483 / Sq Ft
01/20/2017 01/20/17 Sold $675,000 -3.4% $362 / Sq Ft
11/08/2016 11/08/16 For Sale $699,000 -- $375 / 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 $11,467 $955,000 $780,000 $175,000
2023 $8,995 $738,209 $437,457 $300,752
2022 $8,824 $723,735 $428,880 $294,855
2021 $8,672 $709,545 $420,471 $289,074
2020 $8,383 $702,270 $416,160 $286,110
2019 $8,188 $688,500 $408,000 $280,500
2018 $8,155 $688,500 $408,000 $280,500
2016 $8,974 $409,850 $189,631 $220,219
2015 $4,959 $403,695 $186,783 $216,912
2014 $4,953 $395,788 $183,125 $212,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23155895

California Regional Multiple Listing Service (CRMLS)

APN: 8638-010-001