NOT LISTED FOR SALE
2 Beds
2 Baths
12,660 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: December 31, 2014

Last sale price $3,000,000 $237 Per Sq Ft

11 Days on Market

Highlights

  • Gated Community
  • 0.48 Acre Lot
  • Property is near public transit
  • Sandburg Middle School Rated A-
  • Mountain View
  • 1-minute walk to Big Tree Park

About This Home

As of December 2014

This offering is a prime Glendora 16 units - consisting of (13) residential units and (3) retail storefronts. Residential interiors have been highly ungraded featuring plank laminate flooring, granite counters, custom cabinets, upgraded fixtures, energy efficient appliances, and electric fireplaces. The driveway will be newly slurry coated.
Rents are low and there is immediate rental upside attainable. Glendora Village is located on the famous Route 66 corridor just west of Grand Ave. Glendora is known as the "pride of the foothills" is an affluent city with a diverse housing stock and consistently high-ranking school district.

The retail spaces feature non-credit tenants, Barber, cigar shop, and cigar lounge.

Glendora Village is an inviting, immaculate compound on Route 66 and Grand Ave in the heart of the City. The property is in a prime location and draws residents form the vibrant businesses of Glendora, as well as Azusa Pacific University and Citrus College.

Last Agent to Sell the Property

Steven Brombal

Berkadia Real Estate Advisors License #00972129 Listed on: 12/01/2014

Last Buyer's Agent

Outside Agent

Newport Beach Assoc of Realto License #000000000

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 21,024 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 12,660 Sq Ft Home
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 27 Parking Spaces
  • 11 Carport Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit
  • Urban Location
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, janitorial service, repairs
  • Tax Lot 016
  • Assessor Parcel Number 8633005016

Community Details

Overview

  • 3 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,960
  • Maintenance Expense $12,000
  • New Taxes Expense $33,041
  • Gross Income $18,932
  • Net Operating Income $150,214

Security

  • Resident Manager or Management On Site
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.48 Acres

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Gated Community, Resident Manager
  • View: Yes
  • Property Type: Residential Income
  • Parcel Number: 8633005016
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 236.97

Exterior Features

  • View: Mountain(s)
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 11.00
  • Parking: Yes
  • Parking Features: Attached Carport, Detached Carport, Unassigned
  • Total Parking Spaces: 27.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban, Urban

Lot Info

  • Lot Features: Level, Lot 20000-39999 Sqft, Near Public Transit
  • Lot Size Sq Ft: 21024.00
  • Lot Size Acres: 0.4830

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Janitorial Service, Repairs

Multi Family

  • Average2 Bed Area: 800
  • Average Studio Area: 500
  • Gross Income: 18932.00
  • Gross Scheduled Income: 227184.00
  • Insurance Expense: 2960.00
  • Lot Size Area: 21024.0000 Square Feet
  • Maintenance Expense: 12000.00
  • Net Operating Income: 150214.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 71783.00
  • Rent Control: No
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 33041.00
  • Tax Lot: 016
  • Tax Tract Number: 0000
  • Tax Year: 2013

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
12/31/2014 12/31/14 Sold $3,000,000 0.0% $237 / Sq Ft
12/12/2014 12/12/14 Pending -- -- --
12/01/2014 12/01/14 For Sale $2,999,888 -- $237 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP14250785

California Regional Multiple Listing Service (CRMLS)
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