$1,650,000
$1,650,000
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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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Bought with Daniel Huerta • Century 21 Cornerstone
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com