This Multifamily Property is Off-Market.

565 E Lemon Ave
Glendora, CA 91741 ·

4 Units · Multifamily For Sale

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Glendora 4 plexes

Price N/A Property Use Type Investment
No. Units 4 Gross Rent Multiplier 10.90
Building Size 3,820 SF Occupancy 100%
Property Type Multifamily Year Built 1964
Property Sub-type Duplex/Triplex/Fourplex Lot Size 0.28 AC
Listing ID: 13719578 Date Created: 06/23/2003 Last Updated: 09/30/2003

Description

Two, 4-Unit Apartment Buildings for sale
These are easy to rent units; show pride of ownership, and are well located. Units like these seldom come on the market! Side by Side matching 4-unit apartment buildings (total of 8 apartment units/ two buildings) to be sold together. Owner would prefer to carry the financing with a minimum of 25% down payment at mortgage rates equivalent to market. Total of 8 apartments, each are 2 bedroom/2 bath with forced heating and fireplace, all single story units, carports, laundry facilities for each building. Approximate square footage of each 4 unit building is 3820. Terrific location and lots of upside potential. Present rents are low, but we feel the market rents could easily be $1100 to $1350 per unit.
increased rents would produce a good positive cash flow after all normal monthly expenses, taxes, and mortgage payments based on 25% down payments and interest rates of approximately 6% fixed / 30 year loans.
$579,900 Sale Price (each 4 unit building)
$144,975 (25% down)

North of Route 66 in Glendora Califonia, East of Pasadena Ave.

Highlights

  • Well loctaed, spacious, single story units with fireplaces!
  • Ample parking
  • Easy to rent
  • Pride of ownership

Research

565 E Lemon Ave, Glendora, CA 91741 (Los Angeles County)

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