Seller's Agent in 2023
George Li
EXP REALTY OF SOCAL
(626) 375-0340
2 in this area
97 Total Sales
420 E Lemon Ave Glendora, CA 91741
The Village NeighborhoodEstimated Value: $1,439,000 - $1,906,000
8
Beds
4
Baths
3,158
Sq Ft
$526/Sq Ft
Est. Value
Highlights
- Mountain View
- Corner Lot
- Living Room
- La Fetra Elementary School Rated A
- No HOA
- Recessed Lighting
About This Home
As of September 2023Welcome to an exceptional investment opportunity nestled in the heart of Glendora. This remarkable 4-unit multi-unit property presents not only a chance to own prime real estate but also to tap into the thriving community that surrounds it. The city's excellent school district provides a magnet for families seeking top-tier education for their children. The proximity to local parks offers abundant outdoor recreational opportunities, making it an attractive place to live. The property's surroundings are brimming with a wide array of eateries catering to various culinary tastes. From cozy cafes to gourmet restaurants, residents have an eclectic range of dining options to explore. Additionally, the convenience of local shopping centers and entertainment venues ensures a well-rounded lifestyle. Investors and tenants alike can leverage the advantage of Glendora's proximity to local colleges. This strategic location opens doors to potential tenants seeking proximity to academic institutions, expanding the pool of potential renters and boosting the property's desirability. The sale of this multi-unit property in Glendora boasts an astounding 5.31% cap rate. All units are turnkey and fully occupied. Of the 4 units, 2 units are newly-built and permitted ADU units that have their own addresses and electrical and gas meters. Whether you're a seasoned investor looking to diversify your portfolio or someone new to real estate investment, this offering provides a rare chance to secure a piece of prime Glendora real estate.
Last Agent to Sell the Property
EXP REALTY OF SOCAL License #01992880 Listed on: 08/23/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955 | Remodeled
Lot Details
- 7,232 Sq Ft Lot
- 1 Common Wall
- Chain Link Fence
- Corner Lot
Parking
- 2 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Assigned Parking
Property Views
- Mountain
- Neighborhood
Home Design
- Quadruplex
- Entry on the 1st floor
- Turnkey
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 3,158 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- Living Room
- Vinyl Flooring
Kitchen
- Gas Range
- Range Hood
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Utilities
- Zoned Heating and Cooling
- Natural Gas Connected
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5 / 14
- Tax Tract Number 401
- Assessor Parcel Number 8639011010
- $702 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,600
- Maintenance Expense $2,400
- Trash Expense $1,400
- Water Sewer Expense $1,800
- New Taxes Expense $20,000
- Operating Expense $28,400
- Gross Income $116,160
- Net Operating Income $87,760
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2023
Closed on
Sep 6, 2023
Sold by
Poon James and Poon Lillian
Bought by
Martinez Family Trust and Martinez
Seller's Agent
George Li
EXP REALTY OF SOCAL
Buyer's Agent
Daniel Huerta
Century 21 Cornerstone
List Price
$1,650,000
Sold Price
$1,650,000
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,614
Avg. Annual Appreciation
0.29%
Original Mortgage
$1,237,500
Outstanding Balance
$1,208,423
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$452,191
Purchase Details
Listed on
Jan 18, 2021
Closed on
Feb 22, 2021
Sold by
Della Rocco Michael P and Della Michelle
Bought by
Poon James and Voong Lilian
Seller's Agent
DANIEL BRINGHURST
DANIEL BRINGHURST, BROKER
Buyer's Agent
DANIEL BRINGHURST
DANIEL BRINGHURST, BROKER
List Price
$717,000
Sold Price
$718,000
Premium/Discount to List
$1,000
0.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.06%
Original Mortgage
$560,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2015
Sold by
Bringhurst Daniel Trent and Carter Bringhurst Tamara Marie
Bought by
Della Rocco Michael P and Della Rocco Michelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
3.83%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 9, 2013
Sold by
Carter Mark A and Carter Jill D
Bought by
Bringhurst Daniel Trent and Carter Tamara Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3.48%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 28, 2006
Sold by
Carter Mark A and Carter Jill D
Bought by
Carter Mark A and Carter Jill D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
6.19%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2004
Sold by
Carter Mark and Carter Jill
Bought by
Carter Mark A and Carter Jill D
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martinez Family Trust | $1,650,000 | Chicago Title Company | |
| Poon James | $717,272 | California Members Title | |
| Della Rocco Michael P | -- | First American Title | |
| Bringhurst Daniel Trent | $20,000 | First American Title | |
| Carter Mark A | -- | New Century Title Company | |
| Carter Mark A | -- | None Available | |
| Carter Mark A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martinez Family Trust | $1,237,500 | |
| Previous Owner | Poon James | $560,000 | |
| Previous Owner | Della Rocco Michael P | $370,000 | |
| Previous Owner | Bringhurst Daniel Trent | $380,000 | |
| Previous Owner | Carter Mark A | $346,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $1,650,000 | 0.0% | $522 / Sq Ft | |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- | |
| 08/23/2023 08/23/23 | For Sale | $1,650,000 | +129.8% | $522 / Sq Ft | |
| 03/03/2021 03/03/21 | Sold | $718,000 | +0.1% | $444 / Sq Ft | View Prior Sale |
| 01/22/2021 01/22/21 | Pending | -- | -- | -- | |
| 01/18/2021 01/18/21 | For Sale | $717,000 | -- | $443 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,213 | $1,683,000 | $1,020,000 | $663,000 |
| 2024 | $19,213 | $1,650,000 | $1,000,000 | $650,000 |
| 2023 | $9,054 | $747,007 | $520,200 | $226,807 |
| 2022 | $8,881 | $732,360 | $510,000 | $222,360 |
| 2021 | $1,179 | $51,806 | $21,258 | $30,548 |
| 2020 | $1,156 | $51,276 | $21,041 | $30,235 |
| 2019 | $1,134 | $50,272 | $20,629 | $29,643 |
| 2018 | $1,063 | $49,287 | $20,225 | $29,062 |
| 2016 | $1,005 | $47,376 | $19,441 | $27,935 |
| 2015 | $993 | $46,665 | $19,149 | $27,516 |
| 2014 | $1,006 | $45,751 | $18,774 | $26,977 |
Source: Public Records
Agents Affiliated with this Home
-
George Li
-
Celine Juan
C
Seller Co-Listing Agent in 2023
Celine Juan
EXP REALTY OF SOCAL
(626) 584-0048
2 in this area
71 Total Sales
-
Daniel Huerta
D
Buyer's Agent in 2023
Daniel Huerta
Century 21 Cornerstone
(562) 698-0348
1 in this area
25 Total Sales
-
D
Seller's Agent in 2021
DANIEL BRINGHURST
DANIEL BRINGHURST, BROKER
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS23157386
APN: 8639-011-010
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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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