NOT LISTED FOR SALE
6 Beds
3 Baths
10,483 Sq Ft
0.47 Acres Lot

Sale Details

Date Sold: July 17, 2016

Last sale price $3,500,000 $334 Per Sq Ft

7 Days on Market

Highlights

  • 20,636 Sq Ft lot
  • Sandburg Middle School Rated A-
  • Foothills

About This Home

As of July 2016

KW Commercial is proud to present The Wabash Apartments in the city of Glendora. Built in 1959, this 16-unit, non-rent controlled multifamily community is comprised of two buildings totaling 10,483 sf and four lots with a combined 20,636 sf.
8644-001-041: 625 S. Wabash, 8 units, 5,326 sf, 9,104 sf lot
8644-001-020: 627 S Wabash, 8 units, 5,157 sf, 8,153 sf lot
8644-001-040: no address, 300 sf lot
8644-001-048: no address 3,079 sf lot
There are two, 2-story, style buildings featuring eight, two-bed / 1-bath units in each building. Flooring for the units consist of carpet or laminate wood throughout. Kitchens are equipped with freestanding ovens/stoves and select units feature granite counters and newer cabinetry. Flooring in the kitchens consists of either tile or vinyl. All units have wall mounted A/C, gas wall heaters, and ceiling fans in each bedroom. Units are individually metered for gas and electric, and owner pays for hot water
Each of the eight unit buildings is equipped with a laundry room featuring 1 washer and 1 dryer ,owned by the building. There are a total of 28 parking spaces: 15 carports and 13 open. Tenants access parking from an alley with entry from Route 66 to the north of the property.

Last Agent to Sell the Property

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 05/10/2016

Keller Williams Realty/Pasadena

Last Buyer's Agent

Kevin Lutz

Keller Williams Realty/Pasadena License #00925595 Listed on: 05/10/2016

Keller Williams Realty/Pasadena

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 20,636 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 10,483 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 56 Parking Spaces
  • 15 Carport Spaces

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 20
  • Assessor Parcel Number 8644001020

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Foothills

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,556
  • Gardener Expense $1,200
  • Insurance Expense $2,990
  • Maintenance Expense $21,341
  • Other Expense $1,600
  • Professional Management Expense $9,000
  • Trash Expense $4,068
  • Water Sewer Expense $3,165
  • New Taxes Expense $42,342
  • Gross Income $19,760
  • Net Operating Income $140,162

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.47 Acres

Listing Details

  • CapRate: 4.00
  • Professional Management Expense: 9000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3165.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8644001020
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 333.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Total Parking Spaces: 56.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 4068.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Foothills

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 20636.00
  • Price Per Lot Square Foot: 169.61

Multi Family

  • Electric Expense: 1556.00
  • Gross Income: 19760.00
  • Gross Multiplier: 14.76
  • Gross Scheduled Income: 237120.00
  • Insurance Expense: 2990.00
  • Maintenance Expense: 21341.00
  • Maintenance Percent: 9.00
  • Net Operating Income: 140162.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 16
  • Operating Expense: 89844.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 42342.00
  • Tax Lot: 13
  • Tax Tract Number: 20
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
07/17/2016 07/17/16 Sold $3,500,000 0.0% $334 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $3,500,000 -- $334 / 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 $25,802 $2,030,240 $1,249,379 $780,861
2024 $24,815 $1,990,432 $1,224,882 $765,550
2023 $24,268 $1,951,405 $1,200,865 $750,540
2022 $23,814 $1,913,143 $1,177,319 $735,824
2021 $23,410 $1,875,632 $1,154,235 $721,397
2020 $22,648 $1,856,850 $1,142,400 $714,450
2019 $22,359 $1,841,422 $1,116,900 $724,522
2018 $21,458 $1,759,950 $1,020,000 $739,950
2016 $14,630 $1,149,228 $588,745 $560,483
2015 $14,326 $1,131,967 $579,902 $552,065
2014 $14,316 $1,109,794 $568,543 $541,251
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS16098717

California Regional Multiple Listing Service (CRMLS)
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