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Sold for $1,650,000 on 09/29/23
  • Listing Provided by: 

    YIN ZHEN LI DRE #01992880 626-872-2207,

    KW Executive,

    CELINE JUAN DRE #01992878 626-215-5528,

    KW Executive

    $1,650,000

    420 E Lemon Ave, Glendora, CA 91741

    8beds
    3,158sqft
    Quadruplex
    Built in 1955
    -- sqft lot
    $1,576,500 Zestimate®
    $522/sqft
    $3,288 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: September 29, 2023 at 11:42am

    Listing Provided by:

    YIN ZHEN LI DRE #01992880 626-872-2207,

    KW Executive,

    CELINE JUAN DRE #01992878 626-215-5528,

    KW Executive

    Bought with:

    Daniel Huerta, DRE #01982650

    Century 21 Cornerstone

    Source: CRMLS,MLS#: WS23157605MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 2
    • Main level bedrooms: 8
    Heating
    • Zoned
    Cooling
    • Zoned
    Appliances
    • Included: Gas Range, Range Hood, Tankless Water Heater, Water Heater
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Recessed Lighting
    • Flooring: Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 3,158 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Garage Faces Front, Garage
    • Attached garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front Door
    • Pool features: None
    • Spa features: None
    • Fencing: Chain Link
    • Has view: Yes
    • View description: Mountain(s), Neighborhood
    Lot
    • Size: 7,232 sqft
    • Features: Corner Lot
    Details
    • Parcel number: 8639011010
    • Zoning: GDR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Asphalt,Shingle
    Condition
    • Updated/Remodeled,Turnkey
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Glendora

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
    Services availability
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    Estimated market value

    $1,576,500