NOT LISTED FOR SALE

568 E Colorado Ave Glendora, CA 91740

South Glendora Neighborhood
15 Beds
8 Baths
6,912 Sq Ft
10,745 Sq Ft Lot

Last Sold July 15, 2024

Last sale price $2,000,000 $289 Per Sq Ft

68 Days on Market

About This Home

As of July 2024

Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential.

Last Agent to Sell the Property

The Mark and Al Team

CENTURY 21 MASTERS Brokerage Email: offers@markandal.com License #00914322 Listed on: 04/19/2024

CENTURY 21 MASTERS

Co-Listed By

Josie Jellick

Century 21 Masters Brokerage Email: offers@markandal.com License #00961685

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 10,745 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,912 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 10 Parking Spaces
  • 7 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 17612
  • Assessor Parcel Number 8644010030

Community Details

Building Details

  • 6 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $444
  • Gardener Expense $1,200
  • Insurance Expense $2,640
  • Other Expense $3,000
  • Trash Expense $4,812
  • Water Sewer Expense $2,100
  • New Taxes Expense $26,400
  • Operating Expense $44,196
  • Gross Income $155,640
  • Net Operating Income $115,044

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.23
  • Price Per Unit: 314286
  • Property Attached: No
  • Water Sewer Expenses: 2100.00
  • Zoning: GDR3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8644010030
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Right Side
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 289.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Unknown
  • Trash Expense: 4812.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10745.00
  • Lot Size Acres: 0.2467
  • Latitude Manual: 34.12693100

Multi Family

  • Electric Expense: 444.00
  • Gross Income: 155640.00
  • Gross Scheduled Income: 150840.00
  • Insurance Expense: 2640.00
  • Laundry Income: 4800.00
  • Lot Size Area: 10745.0000 Square Feet
  • Net Operating Income: 115044.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 40596.00
  • Other Expense: 3000.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Actual Rent: 10470.00
  • Total Expenses: 44196.00

Tax Info

  • New Taxes Expense: 26400.00
  • Tax Census Tract: 4011.01
  • Tax Lot: 4
  • Tax Tract Number: 17612

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $2,000,000 -9.1% $289 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $2,200,000 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • The Mark and Al Team

    Seller's Agent in 2024

    The Mark and Al Team

    CENTURY 21 MASTERS

    (626) 335-6000

    20 in this area

    325 Total Sales

    The Mark and Al Team
    Section Image
  • Josie Jellick

    Seller Co-Listing Agent in 2024

    Josie Jellick

    Century 21 Masters

    (714) 269-0547

    3 in this area

    26 Total Sales

    Josie Jellick
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24077597

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Glendora 91740 South Glendora

568 E Colorado Ave, Glendora, CA

This home is located at 568 E Colorado Ave, Glendora, CA 91740 since 19 April 2024. This property was built in 1963. 568 E Colorado Ave is a home located in Los Angeles County with nearby schools including Stanton Elementary School, Sandburg Middle School, and Glendora High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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