NOT LISTED FOR SALE

563 E Colorado Ave Glendora, CA 91740

South Glendora Neighborhood

Estimated Value: $1,601,000 - $1,750,000

9 Beds
5 Baths
4,062 Sq Ft
$416/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $1,050,000 $258 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $10,053/month

10 Days on Market

Highlights

  • Laundry Room
  • Sandburg Middle School Rated A-
  • Central Heating and Cooling System

About This Home

As of March 2016

These units are a great investment for a first time investor or a seasoned investor seeking solid returns. The property is composed of 4 units, 3 of which have 2 bedrooms and 1.5 baths, and the 4th with 3 bedrooms and 2.5 baths. Most of the units have been recently remodeled. The property has a newer roof, newer pex piping and a newer boiler, making this an attractive investment for any buyer. Close to shopping and restaurants. Rents are currently below market, but, we believe if the rents are adjusted to the current market rates, the potential cap rate should be around 5.4%. 3 of the 4 units are under a lease agreement ranging from 9-11 months left on the term. Buyer to complete their own due diligence in regards to all aspects of the property.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS License #00914322 Listed on: 03/11/2016

CENTURY 21 MASTERS

Last Buyer's Agent

Travis Black

SELECT HOMES R.E. & PROP. MGMT License #01347722

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 10,635 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Interior Spaces

  • 4,062 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 17612
  • Assessor Parcel Number 8644010032

Community Details

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $1,440
  • Insurance Expense $1,236
  • Maintenance Expense $1,200
  • Trash Expense $2,700
  • Water Sewer Expense $1,920
  • New Taxes Expense $10,997
  • Gross Income $5,600
  • Net Operating Income $45,126

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.51
  • Property Attached: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 8644010032
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 258.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Unknown
  • Trash Expense: 2700.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10635.00
  • Price Per Lot Square Foot: 98.73
  • Lot Size Acres: 0.2440

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 5600.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1236.00
  • Lot Size Area: 10635.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 45126.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22073.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10997.00
  • Tax Lot: 6
  • Tax Tract Number: 17612

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Mar 11, 2016
Sold by
Lodolo Daniel P
Bought by
Woerz Edward and Woerz Shari
Seller's Agent
The Mark and Al Team
CENTURY 21 MASTERS
Buyer's Agent
Travis Black
SELECT HOMES R.E. & PROP. MGMT
List Price
$999,800
Sold Price
$1,050,000
Premium/Discount to List
$50,200
5.02%
Current Estimated Value
$1,690,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$640,650
Avg. Annual Appreciation
4.96%

Purchase Details

Listed on
Sep 21, 2015
Closed on
Nov 17, 2015
Sold by
Lodolo Daniel P
Bought by
Daniel P Lodolo & Laurie C Lodolo Family
Seller's Agent
SHERYL FOX
SHERYL FOX REAL ESTATE BROKER
Buyer's Agent
SHERYL FOX
SHERYL FOX REAL ESTATE BROKER
Sold Price
$1,400

Purchase Details

Closed on
Jan 3, 2013
Sold by
Lodolo Daniel P and Lodolo Laurie C
Bought by
Lodolo Laurie C and Lodolo Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2000
Sold by
The City Of Hope
Bought by
Lodolo Daniel P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.24%

Purchase Details

Closed on
Jul 24, 1995
Sold by
Northern Trust Bank Of California Na
Bought by
The City Of Hope
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Woerz Edward $1,050,000 Chicago Title Company
Daniel P Lodolo & Laurie C Lodolo Family -- None Available
Lodolo Laurie C -- First American Title Company
Lodolo Daniel P $315,000 First American Title Co
The City Of Hope -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lodolo Laurie C $245,000
Previous Owner Lodolo Daniel P $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $1,050,000 +5.0% $258 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $999,800 0.0% $246 / Sq Ft
10/05/2015 10/05/15 Rented $1,400 0.0% --
09/21/2015 09/21/15 For Rent $1,400 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,174 $1,242,980 $762,125 $480,855
2024 $15,174 $1,218,609 $747,182 $471,427
2023 $14,837 $1,194,716 $732,532 $462,184
2022 $14,556 $1,171,291 $718,169 $453,122
2021 $14,299 $1,148,326 $704,088 $444,238
2020 $13,830 $1,137,152 $696,869 $440,283
2019 $13,513 $1,114,867 $683,205 $431,662
2018 $13,141 $1,093,019 $669,809 $423,210
2016 $5,580 $408,968 $168,780 $240,188
2015 $5,472 $402,826 $166,245 $236,581
2014 $5,481 $394,936 $162,989 $231,947
Source: Public Records

Agents Affiliated with this Home

  • The Mark and Al Team

    Seller's Agent in 2016

    The Mark and Al Team

    CENTURY 21 MASTERS

    (626) 335-6000

    17 in this area

    315 Total Sales

    The Mark and Al Team
    Section Image

  • T

    Buyer's Agent in 2016

    Travis Black

    SELECT HOMES R.E. & PROP. MGMT

    (951) 377-7733

    12 Total Sales

    Travis Black
    Section Image

  • S

    Seller's Agent in 2015

    SHERYL FOX

    SHERYL FOX REAL ESTATE BROKER

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16042965

California Regional Multiple Listing Service (CRMLS)

APN: 8644-010-032

California Los Angeles County Glendora 91740 South Glendora

563 E Colorado Ave, Glendora, CA

Not Listed for Sale

MultiFamily

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