NOT LISTED FOR SALE
3 Beds
2 Baths
16,178 Sq Ft
0.68 Acres

Last Sold July 28, 2022

Last sale price $6,125,000 $379 Per Sq Ft

22 Days on Market

Highlights

  • In Ground Pool
  • 0.68 Acre Lot
  • Central Heating and Cooling System
  • Willow Elementary School Rated A-
  • Laundry Room

About This Home

As of July 2022

We are pleased to present 710 Claraday St in the City of Glendora. This garden style two-story walkup building consists of 16 two-bedroom and 4 one-bedroom units. It is situated on a lot that totals 0.68 acres and offers 16,178 rentable square feet. All units offer washer and dryer hookups, individual HVAC units outside, garbage disposals, 18-inch gas ranges for cooking, and granite countertops. Six of the units have been remodeled with an open concept: Units 4, 6, 7, 9, 14, and 16.

The property features a newer two-year-old composition shingle pitched roof, five-year-old 100-gallon water heater, interior courtyard with gated swimming pool, PEX plumbing pipe installed in 2010, on-site laundry room in addition to laundry hookups, covered carports with private tenant storage lockers, and a renovated exterior with newer stucco, flagstone, paint, and artificial grass.

This residential street has excellent curb appeal and is well situated in the Charter Oak neighborhood, which is a quiet and suburban getaway set against the majestic San Gabriel Mountains. It is strategically located just south of the 210 freeway and north of Arrow Highway.

The community was once a small farm town but has now expanded into a large residential area for commuters who work throughout the area. Students in the neighborhood are served by the Charter Oak Unified School District. Locals can enjoy the Walnut Creek Community Regional Park which is nearby and a great place to spend an afternoon doing family-friendly activities. It is conveniently located just south of the 210 and 57 Freeways, which allows the residents to connect with the greater Southern California area and beyond.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker License #01316702 Listed on: 04/21/2022

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.68 Acre Lot
  • 1 Common Wall
  • Density is 16-20 Units/Acre

Home Design

  • 16,178 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 36 Parking Spaces
  • 36 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • In Ground Pool
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8653
  • Tax Tract Number 9
  • Assessor Parcel Number 8653009033

Community Details

Building Details

  • 20 Leased Units
  • 21 Separate Electric Meters
  • 21 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,832
  • Fuel Expense $4,921
  • Gardener Expense $2,400
  • Insurance Expense $7,994
  • Maintenance Expense $10,000
  • Other Expense $5,000
  • Pest Control $1,200
  • Pool Expense $3,600
  • Professional Management Expense $32,750
  • Trash Expense $8,418
  • Water Sewer Expense $7,756
  • New Taxes Expense $66,878
  • Operating Expense $152,749
  • Gross Income $418,992
  • Net Operating Income $254,327

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.20
  • Professional Management Expense: 32750.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7756.00
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 8653009033
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 378.60

Exterior Features

  • Pool Expense: 3600.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 36.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 36.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Central
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 8418.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 29620.80
  • Lot Size Acres: 0.6800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 836 Square Feet
  • Electric Expense: 1832.00
  • Fuel Expense: 4921.00
  • Gross Income: 418992.00
  • Gross Multiplier: 14.60
  • Gross Operating Income: 407076.00
  • Gross Scheduled Income: 418992.00
  • Gross Spendable Income: 254327.00
  • Insurance Expense: 7994.00
  • Laundry Income: 600.00
  • Lot Size Area: 0.6800 Acres
  • Maintenance Expense: 10000.00
  • Net Operating Income: 254327.00
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 20
  • Number Of Units Total: 20
  • Number With Disposal: 20
  • Number With Range: 20
  • Operating Expense: 152749.00
  • Operating Expense Percent: 37.50
  • Other Expense: 5000.00
  • Other Expense Description: Reserves
  • Other Income1: 1800.00
  • Other Income Description: Pet Income
  • Rent Control: No
  • Total Actual Rent: 34766.00
  • Total Expenses: 152749.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 66878.00
  • Tax Lot: 8653
  • Tax Tract Number: 009

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 List to Sale Price per Sq Ft
07/28/2022 07/28/22 Sold $6,125,000 +0.5% $379 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $6,095,000 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22080464

California Regional Multiple Listing Service (CRMLS)