Lori Alvarez
REAL ESTATE RESOLVED
(909) 317-3786
188 Total Sales
1 in The Village
$730,313 Price
420 E Lemon Ave Glendora, CA 91741
The Village NeighborhoodEstimated Value: $1,401,739
8
Beds
4
Baths
3,158
Sq Ft
$444/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 Southern California, Inc. License #01992880 Listed on: 08/23/2023
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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
- Gas And Electric Dryer Hookup
Kitchen
- Gas Range
- Range Hood
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2023
Closed on
Sep 6, 2023
Sold by
Bought by
Seller's Agent
George Li
eXp Realty of Southern California, Inc.
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
-$248,261
Avg. Annual Appreciation
-5.56%
Original Mortgage
$1,237,500
Interest Rate
7.09%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 18, 2021
Closed on
Feb 25, 2021
Sold by
Bought by
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
Listed on
Jan 18, 2021
Closed on
Feb 22, 2021
Sold by
Bought by
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.
Original Mortgage
$560,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 23, 2015
Sold by
Bought by
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
Bought by
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
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 28, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Village, CA
-
Lori Alvarez
-
Aneela Zaman
Aneela Zaman
First Team Real Estate
(323) 879-7763
8 Total Sales
2 in The Village
$1,150,000 Price Range
-
Marcus Ibrahim
Marcus Ibrahim
eXp Realty of Greater Los Angeles
(781) 476-7479
91 Total Sales
1 in The Village
$665,000 Price
-
Cynthia Seddon
Cynthia Seddon
KELLER WILLIAMS EMPIRE ESTATES
(951) 848-5774
53 Total Sales
1 in The Village
$875,000 Price
-
Danielle Fontes
Danielle Fontes
KALEO REAL ESTATE COMPANY
(626) 602-9673
34 Total Sales
1 in The Village
$865,000 Price
-
Casey Ferguson
Casey Ferguson
HOMESMART KEY REALTY
(909) 637-4352
14 Total Sales
1 in The Village
$787,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,650,000 | Chicago Title Company | ||
| $718,000 | California Members Title | ||
| $717,272 | California Members Title | ||
| -- | First American Title | ||
| $20,000 | First American Title | ||
| -- | None Available | ||
| -- | New Century Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,228,500 | ||
| Closed | $1,237,500 | ||
| Previous Owner | $560,000 | ||
| Previous Owner | $560,000 | ||
| Previous Owner | $25,000 | ||
| Previous Owner | $370,000 | ||
| Previous Owner | $380,000 | ||
| Previous Owner | $65,000 | ||
| Previous Owner | $346,000 | ||
| Previous Owner | $138,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,804 | $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
Seller's Agent in 2023
George Li
eXp Realty of Southern California, Inc.
(626) 375-0340
2 in this area
93 Total Sales
-
Celine Juan
C
Seller Co-Listing Agent in 2023
Celine Juan
eXp Realty of Southern California, Inc.
(626) 584-0048
2 in this area
59 Total Sales
-
Daniel Huerta
D
Buyer's Agent in 2023
Daniel Huerta
Century 21 Cornerstone
(562) 698-0348
1 in this area
23 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
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.
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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