232 E Foothill Blvd | Glendora, CA 91741
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- LoopNet Team
232 E Foothill Blvd
Glendora, CA 91741
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Irreplaceable San Gabriel Valley Location – Located on Foothill Blvd in the City of Glendora just Steps Away from All Retail Amenities
- Well-Configured Parcel Layout with 80% of the Units Being Ground-Level, Single-Story, Bungalow-Style Units Spanning Across a ±25,000 SF Lot
- Strong Day-1 Income – Property Boasts a Favorable 4.78% CAP Rate on Current Income & 5.85% CAP at Market Rate
- Rare Opportunity to Acquire a Multifamily Asset in the Hills of Glendora
- Unit Mix Consists of 6, 1-Bedroom/1-Bathroom; 2, 2-Bedroom/1- Bathroom, and 2, 2-Bedroom/2-Bathroom Units, Averaging 755 SF
- Additional Potential Income Streams via On-Site Laundry, Nine Total Garages, Space for at Least Nine Uncovered On-Site Parking Spaces
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,548 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | C | Parking Ratio | 2.11/1,000 SF |
| Lot Size | 0.57 AC | ||
| Zoning | GDR3_HPOZ | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 7,548 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | GDR3_HPOZ |
AMENITIES
UNIT AMENITIES
- Fireplace
- Ceiling Fans
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,871 | 650 |
| 2+1 | 2 | $2,275 | 900 |
| 2+2 | 2 | $2,350 | 950 |
PROPERTY TAXES
| Parcel Number | 8638-028-028 | Improvements Assessment | $1,160,584 |
| Land Assessment | $2,321,170 | Total Assessment | $3,481,754 |
PROPERTY TAXES
Parcel Number
8638-028-028
Land Assessment
$2,321,170
Improvements Assessment
$1,160,584
Total Assessment
$3,481,754
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