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516 S Indian Hill Blvd
Claremont, CA 91711
75u | In-Unit W/D | 5.2% Cap | Value Add · Multifamily Property For Sale
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75 Units
Investment Highlights
- PROPERTY WEBSITE: https://properties.berkadia.com/claremont-park-471595
- Rare opportunity to purchase in bucolic Claremont where owners hold long term and properties rarely trade
- 5.2% cap rate on in-place rent roll; 6.02% cap rate with light value add
- 75 units in desirable Claremont location in Los Angeles County - No city rent control; All units have in-unit washer and dryer (except 10)
- Minutes to Claremont McKenna Colleges and Historic Claremont Village restaurants and shopping; Metrolink station and the 10 & 210 freeways
- Highly amenitized, resort-like apartment community on over 4.3 acres of park-like grounds
Property Facts
| No. Units | 75 | Building Size | 65,010 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2016 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 4.34 AC | ||
| Zoning | CLRM3000* | ||
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.34 AC |
| Building Size | 65,010 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2016 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | CLRM3000* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Breakfast Nook
- Freezer
- Linen Closet
- Pantry
- Patio
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Sauna
- Spa
- Gated
- Breakfast/Coffee Concierge
- Car Wash Area
- Gas Range
- Package Service
- Pet Play Area
- Recycling
- Wi-Fi
- Bicycle Storage
- Maintenance on site
- Online Services
- Pet Care
- Sundeck
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 725 |
| 2+1 | 13 | - | 925 |
| 2+2 | 38 | - | 979 |
Property Taxes
| Parcel Number | 8315-008-038 | Improvements Assessment | $5,802,927 |
| Land Assessment | $12,476,297 | Total Assessment | $18,279,224 |
Property Taxes
Parcel Number
8315-008-038
Land Assessment
$12,476,297
Improvements Assessment
$5,802,927
Total Assessment
$18,279,224
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