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115 E Meda Ave
Glendora, CA 91741
Meda Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- First time on the market in over 30 years, providing a rare investment opportunity with strong potential for appreciation
- 38% rental upside potential with pro forma CAP rate exceeding 5.6%
- Adjacent to the vibrant Glendora Village, offering easy access to retailers, restaurants, and entertainment (High 86 out of 100 walk score)
- Favorable unit mix of majority 2-bedroom, 1-bathroom units
- Amenities include a lush courtyard, individual water heaters, onsite laundry facility, and 20 carports with storage
- Excellent demographics with an average household income of over $113,000 within a 1-mile radius
Property Facts
| No. Units | 20 | Building Size | 14,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 0.48 AC | ||
| Zoning | GDCCAP - Multiple Dwelling | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 14,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | GDCCAP - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 |
| 2+1 | 14 | - | 771 |
Property Taxes
| Parcel Number | 8638-006-017 | Improvements Assessment | $2,672,400 |
| Land Assessment | $3,060,000 | Total Assessment | $5,732,400 |
Property Taxes
Parcel Number
8638-006-017
Land Assessment
$3,060,000
Improvements Assessment
$2,672,400
Total Assessment
$5,732,400
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