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628 Marion Pl
Glendora, CA 91740
Highest CAP Rate in east San Gabriel Valley · Multifamily Property For Sale
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10 Units
Investment Highlights
- Highest CAP Rate in the east San Gabriel Valley submarket (higher than many inferior located apartments)
- Excellent unit mix with 40% are large 2-bedroom units
- Extremely well-maintained property with good curb-appeal; Separately metered for gas and electric, individual water heater in each unit
- north Glendora location, minutes away from “The Village” downtown Glendora, Foothill Blvd retail corridor, Azusa Pacific University, Glendora Highsc
- Many units have been updated with upgraded kitchen, flooring, upgraded bathroom; Dual pane windows throughout with new windows a/c & heating (combo
- Strong demographics with ±$100,658 average household income within a 2-mile radius
Property Facts
| No. Units | 10 | Building Size | 7,002 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2018 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | R3 - Limited Density Multiple Residence | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,002 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | R3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Dining Room
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 8644-002-041 | Improvements Assessment | $1,190,674 |
| Land Assessment | $1,948,377 | Total Assessment | $3,139,051 |
Property Taxes
Parcel Number
8644-002-041
Land Assessment
$1,948,377
Improvements Assessment
$1,190,674
Total Assessment
$3,139,051
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