Active
568 E Colorado Avenue
Glendora CA, 91740
$2,500,000
$361.69 per sqft
Active
6,912 sqft
Multi-family
Built in 1963
Listed by THE TEAM with CENTURY 21 MASTERS 626.963.9337
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.
CV23140980
MLSⓇ ID
August 1, 2023
Listed
August 31, 2023
Updated
Map
568 E Colorado Avenue
Glendora CA, 91740
Interior Features
Total Stories
2
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.25 acres
Lot Features
6-10 Units/Acre
Sewer
Unknown
Other Property Details
Association Amenities
Street Lights, Sidewalks
Garage
No
Parking
Assigned
Parking Total
10
View
No
County
Los Angeles
Water Source
See Remarks
Pool
No
Pool Features
None
Listing Contact: 626.963.9337
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/31/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/31/2023 at 2:08 AM UTC