Active
568 E Colorado AVE
GLENDORA CA, 91740
$2,500,000
$361.69 per sqft
Active
7 Beds
4 Baths
6,912 sqft
Multi-family
Built in 1963
Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential which could increase cap rate to 4.8% . Buyer to complete their own due diligence in regard to all aspects of the property, including income, expenses, and potential rents.
CV23140980MR
MLSⓇ ID
August 1, 2023
Listed
September 20, 2023
Updated
Map
568 E Colorado AVE
GLENDORA CA, 91740
Interior Features
Total Stories
2
Bedrooms
7 Beds
Bathrooms
4 Baths
Laundry Description
Laundry Area, Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.25 acres
Sewer
Unknown
Other Property Details
Days on Market
31
Garage
No
Parking
Assigned
Parking Total
10
View
No
County
Los Angeles
Water Source
See Remarks
Pool
No
Pool Features
None
Courtesy of THE MARK AND AL TEAM with CENTURY 21 MASTERS
Listing Contact:
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rana Madain shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2023 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/20/2023
