NOT LISTED FOR SALE
3 Beds
3 Baths
7,002 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: August 24, 2021

Last sale price $2,900,000 $414 Per Sq Ft

20 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Sandburg Middle School Rated A-
  • Cul-De-Sac
  • Level Lot

About This Home

As of August 2021

628 Marion Place is a 10-unit garden-style apartment community in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and updated apartment close to the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±100,658 in a 2-mile radius, located within minutes from downtown Glendora “The Village”, and across the street from community of single-family houses. It is currently the HIGHEST CAP Rate apartment in east San Gabriel Valley, even higher CAP than much less desirable communities.

The property is a 2-story apartment that was built in 1960 and situated on a 11,188 sqft lot. It offers an excellent unit mix of four (4) 2 bedroom+1 bathroom and six (6) 1 bedroom+1 bathroom units. Most of the units have been upgraded with luxury wood vinyl flooring, updated kitchen, updated bathroom, dual pane windows throughout and new windows A/C & heating units. The current rental income is below market. The property has a shared laundry room (seller own machines).

Each unit is a large unit with living and dining room, upgraded with luxury wood vinyl flooring, some unit have new kitchen cabinets, granite/quartz countertops, custom-color paint, new bathroom (tiled bathtub/shower wall, new bathtub/shower sliding door, new bathroom vanity with mirror), plenty of storage cabinets, and ceiling fans in dining area and bedrooms. Each unit is individually metered for electricity and gas with its own individual water heater. The property provides 15 parking spaces which consist of 6 carport spaces and 9 open spaces. It has a shared laundry room (machines are seller own), and security camera system.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 06/10/2021

Last Buyer's Agent

JUAN COVARRUBIAS

UNITED CAPITAL REALTY License #01227114

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 11,188 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac
  • Level Lot

Home Design

  • Apartment

Interior Spaces

  • 7,002 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 15 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 19673
  • Assessor Parcel Number 8644002041

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.26 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: GDR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 8644002041
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Levels: Two
  • Price Per Square Foot: 414.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 15.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11188.00
  • Lot Size Acres: 0.2568

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 11188.0000 Square Feet
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Disposal: 10
  • Number With Range: 10
  • Rent Control: Yes
  • Total Actual Rent: 16048.00

Tax Info

  • Tax Census Tract: 4011.01
  • Tax Lot: 8
  • Tax Tract Number: 19673

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 16, 2021
Sold by
Bought by
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
JUAN COVARRUBIAS
UNITED CAPITAL REALTY
List Price
$2,900,000
Sold Price
$2,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
0.028%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 23, 2021
Sold by
Bought by
Seller's Agent
Han Widjaja-Chen
GIG Real Estate Inc.
Buyer's Agent
JUAN COVARRUBIAS
UNITED CAPITAL REALTY
List Price
$2,900,000
Sold Price
$2,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
0.028%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 8, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
0.043%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2018
Sold by
Bought by

Purchase Details

Listed on
Jan 26, 2017
Closed on
Mar 14, 2017
Sold by
Bought by
Seller's Agent
Brian Vosberg
VOSBERG & ASSOCIATES
Buyer's Agent
Reggie Freeman
FOCUS ONE REAL ESTATE
List Price
$2,350,000
Sold Price
$2,325,000
Premium/Discount to List
-$25,000
-1.06%

Purchase Details

Listed on
Jan 26, 2017
Closed on
Feb 15, 2017
Sold by
Bought by
Seller's Agent
Brian Vosberg
VOSBERG & ASSOCIATES
Buyer's Agent
Reggie Freeman
FOCUS ONE REAL ESTATE
List Price
$2,350,000
Sold Price
$2,325,000
Premium/Discount to List
-$25,000
-1.06%

Purchase Details

Closed on
Aug 23, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$793,000
Interest Rate
0.0428%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$793,000
Interest Rate
0.0428%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$793,000
Interest Rate
0.0428%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0568%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
0.0568%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0529%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
0.0609%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- Chicago Title
$2,900,000 First American Title Company O
$2,600,000 North American Title Company
-- None Available
-- First American Title Company
$2,325,000 First American Title Company
-- Accommodation
-- Chicago Title
-- Chicago Title
-- Chicago Title
-- None Available
-- Old Republic Title Company
$1,360,000 Commonwealth Title
$990,000 North American Title Co
$810,000 North American Title Co
-- --
-- Orange Coast Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,800,000
Closed $1,800,000
Previous Owner $1,470,000
Previous Owner $793,000
Previous Owner $900,000
Previous Owner $200,000
Previous Owner $100,000
Previous Owner $45,000
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 Prior Sale
08/24/2021 08/24/21 Sold $2,900,000 0.0% $414 / Sq Ft
08/03/2021 08/03/21 Off Market $2,900,000 -- --
06/10/2021 06/10/21 For Sale $2,900,000 +24.7% $414 / Sq Ft
03/16/2017 03/16/17 Sold $2,325,000 -1.1% $332 / Sq Ft View Prior Sale
02/09/2017 02/09/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $2,350,000 -- $336 / 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 $38,862 $3,077,502 $1,910,174 $1,167,328
2024 $37,463 $3,017,160 $1,872,720 $1,144,440
2023 $36,631 $2,958,000 $1,836,000 $1,122,000
2022 $35,945 $2,900,000 $1,800,000 $1,100,000
2021 $33,499 $2,679,473 $1,545,850 $1,133,623
2020 $32,409 $2,655,295 $1,530,000 $1,125,295
2019 $1,982 $2,422,225 $1,378,530 $1,043,695
2018 $29,066 $2,374,795 $1,351,500 $1,023,295
2016 $20,030 $1,564,329 $692,641 $871,688
2015 $18,948 $1,480,000 $655,100 $824,900
2014 $16,712 $1,250,000 $553,300 $696,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21123383

California Regional Multiple Listing Service (CRMLS)
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