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Glendora, CA 91740 568 E Colorado Avenue

$2,200,000

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Presented By: THE MARK AND AL TEAM with CENTURY 21 MASTERS; offers@markandal.com
  • MLS# CV24077597
  • 04/19/2024
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 1
  • FootageSQFT • 6,912

Home Details

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.
Presented By: THE MARK AND AL TEAM with CENTURY 21 MASTERS; offers@markandal.com

Interior Features for 568 E Colorado Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 568 E Colorado Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.23
Carport Spaces7.0
Carport Y/NYes
CityGlendora
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Days on Market11
DirectionsS/Route 66, E/Lemar Park Dr
Electric Expense444.0
Entry LocationRight Side
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income155640.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2640.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsSubmit
Lot Size Square Feet10745.0
MLS Area629 - Glendora
MobileHomeRemainsYNNo
Net Operating Income115044.0
New ConstructionNo
Number of Units Leased6
Open Parking Spaces3.0
Operating Expense40596.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Street NameColorado
Tax Lot4
Taxes$26,400
Total Actual Rent10470.0
Total Units7
Trash Expense4812.0
View Y/NNo
Water Sewer Expense2100.0
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningGDR3

Exterior for 568 E Colorado Avenue

Building Area Total6912.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.2467
Lot Size Area10745.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking10.0
Water SourceSeeRemarks

Additional Details

Price History

1527188455

First Team Client Services

Price $2,200,000
MLS#CV24077597
List Date 04/19/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors