NOT LISTED FOR SALE

Estimated Value: $1,302,000 - $1,564,000

4 Beds
2 Baths
2,814 Sq Ft
$504/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $1,350,000 $480 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,175/month

16 Days on Market

Highlights

  • Property is near public transit
  • Lawn
  • High Efficiency Air Conditioning
  • La Fetra Elementary School Rated A
  • Double Pane Windows
  • Laundry Room

About This Home

As of May 2022

536-540 E Lemon Ave, Glendora is a single-story bungalow style 3 units located in the best location of Glendora. It is situated on a quiet residential street several blocks east of Glendora Blvd (downtown area), and a few blocks south of Foothill Blvd. The property consists of a single-family house in the front, and a single-story duplex in the back. New roofs were installed in 2018 with proper permits and carry a 7-year warranty. The windows have been retrofitted with double paned windows. Current CAP Rate is ±3.67% with Proforma CAP Rate over 7% (with garage converted to ADU). Investor can take 30-year fixed financing to avoid raging inflation and climbing interest rates.

The front house is a sizable 2bedroom+1bathroom house with central A/C and heating complete with attached 1 car garage. The back duplexes have ±1700SF livable space split between two x 2bedroom+1bathroom units. There is a 2-car garage between these 2 units which offers privacy without any adjoining wall with the other unit/tenant. In the back there is an additional 2 car carport for additional parking. The in-between garage provides huge potential for ADU conversion. Each unit has individual water heater and laundry hookups.

The 2nd unit (#538) has a shared backyard area with the front house (#536). It has central A/C and heating and laundry hookups. The last unit (#540) is a large and recently upgraded 2bed+1bath single story unit complete with laundry hookups. It has large living room, dining area, and has been completely upgraded with new wood flooring, new quartz kitchen countertops, new shaker style kitchen cabinet, new led chandelier/ceiling fan combo in the living room, new chandeliers in one of the bedroom and kitchen, new Bluetooth bathroom fan, windows A/C in living room and front bedroom, ceiling fans in dining room and 2nd bedroom, nicely tiled shower with glass shower door, and plenty of linen cabinets.
The community has a total of 1 attached car garage, 2-car attached garage, 2-car carport and can park a total of 8 cars (3 are tandem). Each unit is separately metered for electricity and gas.

The community is nearby Route 66 and within minutes to The Village (downtown) Glendora. The strategic location provides convenience to a lucky tenant; Foothill Blvd/Route 66 is a block away, The Village (downtown) Glendora is within walking distance, schools (elementary, middle and high school) are literally minutes away.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 03/26/2022

Last Buyer's Agent

Sammer Mudawar

THE brokeredge License #01723613

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,911

Year Built

  • Built in 1956

Lot Details

  • 9,897 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Lawn

Parking

  • 3 Car Garage
  • 1 Open Parking Space
  • 2 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 2,814 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • High Efficiency Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 8646027008

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Valley

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,400
  • Insurance Expense $1,117
  • Maintenance Expense $630
  • Trash Expense $1,333
  • Water Sewer Expense $1,424
  • New Taxes Expense $14,777
  • Operating Expense $20,681
  • Gross Income $70,200
  • Net Operating Income $49,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,911

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 3.67
  • Other Phone Description: OFFICE
  • Other Phone Number: 6265944901
  • Price Per Unit: 450000
  • Property Attached: Yes
  • Water Sewer Expenses: 1424.00
  • Zoning: GDR2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 8646027008
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 479.74
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Detached Carport, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1333.00
  • Water Source: Public
  • Cooling: Central Air, High Efficiency, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 9897.00
  • Lot Size Acres: 0.2272

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 70200.00
  • Gross Multiplier: 19.23
  • Gross Operating Income: 70200.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 1117.00
  • Lot Size Area: 9897.0000 Square Feet
  • Maintenance Expense: 630.00
  • Net Operating Income: 49519.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 20681.00
  • Rent Control: No
  • Total Actual Rent: 5800.00
  • Total Expenses: 20681.00

Tax Info

  • New Taxes Expense: 14777.00
  • Tax Block: 2
  • Tax Census Tract: 4011.01
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2021
Sold by
Chen Handoko Widjaja and Widjaja Nurlinda
Bought by
Chen Handoko Widjaja and Widjaja Nurlinda
Current Estimated Value
$1,418,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2018
Sold by
Chen Handoko and Widjaja Nurlinda
Bought by
Chen Handoko Widjaja and Widjaja Nurlinda

Purchase Details

Listed on
Jul 3, 2017
Closed on
Sep 8, 2017
Sold by
Cruz Carmen and Boyer Andrea
Bought by
Chen Handoko and Widjaja Nurlinda
Seller's Agent
SAMUEL LOVELY
SAMUEL LOVELY, BROKER
Buyer's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
List Price
$850,000
Sold Price
$785,700
Premium/Discount to List
-$64,300
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$589,275
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 3, 2017
Closed on
Aug 16, 2017
Sold by
Boyer Alfred Dean
Bought by
Boyer Andrea
Seller's Agent
SAMUEL LOVELY
SAMUEL LOVELY, BROKER
Buyer's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
List Price
$850,000
Sold Price
$785,700
Premium/Discount to List
-$64,300
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,275
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2012
Sold by
Cruz Carmen
Bought by
Cruz Carmen

Purchase Details

Closed on
Aug 28, 2001
Sold by
Munoz Andrea
Bought by
Munoz Andrea and Cruz Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.05%

Purchase Details

Closed on
Aug 27, 2001
Sold by
Cruz Carmen and Munoz Andrea
Bought by
Munoz Andrea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chen Handoko Widjaja -- Pacific Coast Title Company
Chen Handoko Widjaja -- Pacific Coast Title Company
Chen Handoko Widjaja -- Accommodation
Chen Handoko -- Ticor Title Co
Boyer Andrea -- Old Republic Title
Cruz Carmen -- Accommodation
Munoz Andrea -- --
Munoz Andrea -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arik Daniyel $1,500,000
Closed Chen Handoko Widjaja $556,000
Closed Chen Handoko $589,275
Previous Owner Munoz Andrea $275,000
Previous Owner Munoz Andrea $220,000
Previous Owner Cruz Carmen $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $1,350,000 0.0% $480 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $1,350,000 +71.8% $480 / Sq Ft
09/15/2017 09/15/17 Sold $785,700 -7.6% $279 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/03/2017 07/03/17 For Sale $850,000 -- $302 / 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
2025 $16,911 $1,432,630 $1,002,841 $429,789
2024 $16,911 $1,404,540 $983,178 $421,362
2023 $16,528 $1,377,000 $963,900 $413,100
2022 $10,547 $842,427 $520,017 $322,410
2021 $10,362 $825,910 $509,821 $316,089
2020 $10,024 $818,042 $504,594 $313,448
2019 $9,795 $802,014 $494,700 $307,314
2018 $9,503 $786,300 $485,000 $301,300
2016 $5,266 $403,813 $227,936 $175,877
2015 $5,160 $397,749 $224,513 $173,236
2014 $5,161 $389,959 $220,116 $169,843
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22060424

California Regional Multiple Listing Service (CRMLS)

APN: 8646-027-008