$955,000
$999,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
1,863 SqFt
SOLD DATE : 10/17/2023
Key Details
Sold Price $955,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,863 sqft
Price per Sqft $512
MLS Listing ID WS23156020
Sold Date 10/17/23
Bedrooms 3
Full Baths 3
HOA Y/N No
Year Built 1951
Lot Size 8,420 Sqft
Property Description
Welcome to an investor’s dream. This is a rare opportunity to own a 3-unit property in Glendora. Each unit boasts long-term tenants with over 5 years of residence, offering stability and consistent rental income. Situated within walking distance to both Finkbiner Park and Glendora Skate Park, this location offers the perfect blend of outdoor recreation and convenience. With a solid 4.2% cap rate, this investment opportunity promises attractive returns. Front unit rent is $2,250, side unit rent is $875, and back unit rent is $1,150, totaling $4,275 gross income per month. The property falls within an amazing school district, adding to its appeal for families and ensuring strong demand. Glendora's rental market is robust, further highlighting the investment potential. Don't miss out on this chance to secure a property in a sought-after location with dependable tenants and promising financial prospects. Act now and capitalize on the allure of Glendora's rental market!
Location
State CA
County Los Angeles
Area 629 - Glendora
Zoning GDR2
Rooms
Main Level Bedrooms 5
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Sidewalks, Park
View Y/N Yes
View Mountain(s), Neighborhood
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard, Landscaped, Near Park, Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Glendora Unified
Others
Senior Community No
Tax ID 8638010001
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Michael Sunnaa • Neighborhood Real Estate