320 W Bennett Ave
Glendora, CA 91741
Sierra West · Multifamily Property For Sale · 27 Units

The Growth Investment Group is proud to offer The Sierra West, a 27-unit luxury single-story garden-style apartment community on the foothill area in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and stabilized upgraded luxury apartment community in the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±102,000 in a mile radius, located 3 blocks away from downtown Glendora “The Village”, and across the street from community of single family houses. The property was built in 1963 and is situated on an oversized lot of 2.64 acres (±115,000 square feet). The 27-units are spread out to 10 separate single-story buildings on different locations that create a spacious single family residential atmosphere for the tenants. It offers an excellent unit mix of six (6) 3 bedroom+2 bathroom, sixteen (16) 2 bedroom+2 bathroom, four (4) 2 bedroom+1 bathroom, and one (1) 1 bedroom+1 bathroom units, each with large private patio (±300 sqft). The buildings are comprised of wood frame and stucco construction with pitched, composition-shingle constructed roofs. The community is served by three laundry facilities, a gated swimming pool with men’s and women’s restroom, controlled access with intercom system, gated parking (west side entrance), covered parking, directory, water fountain, and much more! Each unit is a bungalow style single-story apartment complete with private large patio (average ±300 sqft). Most of the units have view of San Gabriel Mountains or garden area. Each unit has a large living room that double as dining room, combination of tiled flooring with carpet or luxury vinyl wood, new kitchen (granite countertops, refurbished kitchen cabinetry), new bathroom (tiled bathtub wall, new bathroom vanity with mirror), sliding doors from living room and bedroom to patio area, plenty of storage cabinets, recessed lighting in some units, and ceiling fans in dining area and bedrooms. Each unit is individually metered for electricity and gas with its own individual water heater, central A/C and heater, plenty of storage spaces, and private patio. Nine (9) units have gas fireplaces and one (1) unit has laundry hookups. The property has undergone major upgrades in the past 10 years. It has copper plumbing throughout, dual pane windows, sliding doors throughout, and other major improvements. Each unit has central A/C, individual water heater, bright and spacious layout, plenty of storage area, private patio in each unit and other great amenities. All the units have been completely upgraded with tiled flooring, granite counter tops kitchen, new kitchen cabinets, new interior 2-tone paints, recessed lighting, and much more. The property provides 60 parking spaces which consist of 28 carport spaces and 32 open spaces. These parking are spread out evenly between the east and west wing of the property. The west wing parking area is gated and secured. Each unit comes with 1 carport parking that includes a storage space and 1 open parking space. This leaves six (6) extra parking spaces for guests and maintenance people. Some units have direct access from its patio to parking area. Investments Highlights: - Non-rent control property located in the best area of north Glendora, with picturesque view of San Gabriel Mountains - Strong demographics with ±$102,000 average household income within a mile radius - Bungalow-style single-story apartment community, ten separate buildings on a 2.64acre lot with extensive upgrades completed - Surrounded by many single-family house community on its north and west side - Three blocks away from downtown Glendora “The Village”; High walkscore of 81 - Located within an excellent public-school district - Easy access to FWY 210 and FWY 57 - Perfect as a replacement property for a 1031 exchange buyer Property Highlights: - Excellent unit mix, large units with large private patios in each unit - Large lot size of 2.64 acres with ample parking (covered and open; NO SOFT STORY RETROFIT REQUIRED!) - Extremely well-maintained property with excellent curb-appeal - The property and units have been extensively upgraded over the period of 10 years; No known deferred maintenance - Community amenities: single-story bungalow style units, secured entrance, gated parking, directory, intercom, fenced pool, covered parking, direct access to parking area from private patio for some units, beautiful landscaping, views of San Gabriel Mountain, High Walkscore (81), walking distance to downtown Glendora “The Village” - Unit amenities: single-story apartment with views (garden or mountain), Central A/C, large private patio (±300 sqft), upgraded kitchen, upgraded bathroom, double pane windows and sliding doors throughout, individual water heater, ceiling fans in dining area and bedrooms, plenty of storage cabinets