Glendora, CA 91741,420 E Lemon AVE
Glendora, CA 91741,420 E Lemon AVE
Glendora, CA 91741,420 E Lemon AVE
Glendora, CA 91741,420 E Lemon AVE
Glendora, CA 91741,420 E Lemon AVE
Glendora, CA 91741,420 E Lemon AVE
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$1,650,000

$1,650,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8 Beds

4 Baths

3,158 SqFt


SOLD DATE : 09/29/2023

Key Details

Sold Price $1,650,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,158 sqft

Price per Sqft $522

MLS Listing ID WS23157605

Sold Date 09/29/23

Bedrooms 8

Full Baths 4

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1955

Lot Size 7,230 Sqft

Property Description

Welcome to an exceptional investment opportunity nestled in the heart of Glendora. This remarkable 4-unit multi-unit property presents not only a chance to own prime real estate but also to tap into the thriving community that surrounds it. The city's excellent school district provides a magnet for families seeking top-tier education for their children. The proximity to local parks offers abundant outdoor recreational opportunities, making it an attractive place to live. The property's surroundings are brimming with a wide array of eateries catering to various culinary tastes. From cozy cafes to gourmet restaurants, residents have an eclectic range of dining options to explore. Additionally, the convenience of local shopping centers and entertainment venues ensures a well-rounded lifestyle. Investors and tenants alike can leverage the advantage of Glendora's proximity to local colleges. This strategic location opens doors to potential tenants seeking proximity to academic institutions, expanding the pool of potential renters and boosting the property's desirability. The sale of this multi-unit property in Glendora boasts an astounding 5.31% cap rate. All units are turnkey and fully occupied. Of the 4 units, 2 units are newly-built and permitted ADU units that have their own addresses and electrical and gas meters. Whether you're a seasoned investor looking to diversify your portfolio or someone new to real estate investment, this offering provides a rare chance to secure a piece of prime Glendora real estate.

Location

State CA

County Los Angeles

Area 629 - Glendora

Zoning GDR3

Rooms

Main Level Bedrooms 8

Interior

Interior Features Recessed Lighting

Heating Zoned

Cooling Zoned

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range, Range Hood, Tankless Water Heater, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Assigned, Garage Faces Front, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link

Pool None

Community Features Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Asphalt,Shingle

Parking Type Assigned, Garage Faces Front, Garage

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Schools

School District Glendora Unified

Others

Senior Community No

Tax ID 8639011010

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by YIN ZHEN LI • KW Executive
Bought with Daniel Huerta • Century 21 Cornerstone
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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