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Sold for $1,500,000 on 12/23/24
  • Listing Provided by: 

    Mark MacFarlane DRE #01795440 mark@vimvi.com,

    Vimvi California,

    Justin Fautsch DRE #02081966 626-669-1088,

    Vimvi California

    $1,500,000

    506 N Towne Ave, Claremont, CA 91711

    --beds
    --baths
    6,288sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $1,459,400 Zestimate®
    $239/sqft
    $-- Estimated rent

    What's special

    This six-unit apartment building in Claremont is a standout investment opportunity, boasting a recently painted exterior that enhances its curb appeal. 4 units are renovated and vacant, ready for new tenant. One unit tenant occupied. One unit owner-occupied. Inside, four of the units have been thoughtfully renovated, featuring new flooring, fresh interior paint, and updated lighting to provide a modern and inviting living space. The property consists of a versatile unit mix, including one spacious 3-bedroom, 2-bathroom unit and five well-appointed 2-bedroom, 2-bathroom units, catering to a range of tenants. Additionally, the building is separately metered for gas and electric, offering convenience for tenants and efficiency for management. This property is a rare find, combining updates, functionality, and strong potential for income.

    Zillow last checked: 7 hours ago

    Listing updated: January 13, 2025 at 06:18pm

    Listing Provided by:

    Mark MacFarlane DRE #01795440 mark@vimvi.com,

    Vimvi California,

    Justin Fautsch DRE #02081966 626-669-1088,

    Vimvi California

    Bought with:

    REALTOR.COM UNKNOWN

    Vendors

    Source: CRMLS,MLS#: P1-20176MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Interior

    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater
    • Laundry: Common Area, In Carport, Laundry Room
    Features
    • Laminate Counters, Walk-In Closet(s)
    • Flooring: Laminate, Vinyl
    • Has fireplace: Yes
    • Fireplace features: Decorative
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,288
    • Total interior livable area: 6,288 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned, Carport, One Space, On Street
    • Carport spaces: 5
    • Uncovered spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Lighting
    • Pool features: None
    • Spa features: None
    • Fencing: Average Condition,Block,Wood
    • Has view: Yes
    • View description: Mountain(s), Neighborhood
    Lot
    • Size: 0.27 Acres
    • Features: Front Yard, Sprinklers In Front, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers On Side, Sprinkler System, Street Level
    Details
    • Parcel number: 8311019014
    • Special conditions: Probate Listing
    • Other equipment: Satellite Dish

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Frame, Stucco
    • Foundation: Slab
    • Roof: Common Roof,Flat,Shingle,Tar/Gravel
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Public Sewer, Sewer Tap Paid
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s), Security Lights
    Community
    • Community features: Curbs, Street Lights, Suburban, Sidewalks
    Location
    • Region: Claremont
    • Subdivision: Not Applicable

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Road surface type: Alley Paved, Paved
    Services availability
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    Estimated market value

    $1,459,400