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Glendora Park Place Apartment Homes 633 W Route 66 53 Unit Apartment Building $22,500,000 ($424,528/Unit) 4.75% Cap Rate Glendora, CA 91740
Investment Highlights
- 2006 Construction
- Granite Countertops
- Immediate rental upside without cost of renovation moving forward
- In-Unit Stacked Washer Dryer
- Stainless Steel Appliances
- ADU Potential
Executive Summary
Glendora Park Place is a rarely available 2006 constructed apartment building, located in Glendora, one of the nicest submarkets in the East San Gabriel Valley. The property features 50 spacious apartment homes and 3 retail spaces spread across approximately 69,266 SQFT of land. This community offers a balanced unit mix of 1- and 2-bedroom floorplans, designed to meet a variety of lifestyle needs of current and future residents.
The property includes (36) one-bedroom, one bath units and (14) two-bedroom, 2 bath units. Glendora Park Place benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. The property interiors feature gourmet kitchens with granite countertops, hardwood style flooring, in-unit washer and dryers, private patios and balconies, resident clubhouse and elevator access. A buyer will benefit from the ability to raise rents without renovation cost moving forward. Additionally, there are interior carports and common area lawn areas that may be optimum locations for ADU conversions.
The property includes (36) one-bedroom, one bath units and (14) two-bedroom, 2 bath units. Glendora Park Place benefits from immediate rental upside potential, with current in-place rents positioned below market levels—allowing for increased income through strategic rent adjustments. The property interiors feature gourmet kitchens with granite countertops, hardwood style flooring, in-unit washer and dryers, private patios and balconies, resident clubhouse and elevator access. A buyer will benefit from the ability to raise rents without renovation cost moving forward. Additionally, there are interior carports and common area lawn areas that may be optimum locations for ADU conversions.
Property Facts
| Price | $22,500,000 | Building Class | B |
| Price Per Unit | $424,528 | Lot Size | 1.59 AC |
| Sale Type | Investment | Building Size | 74,473 SF |
| Cap Rate | 4.75% | Average Occupancy | 97% |
| No. Units | 53 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | ||
| Zoning | LCC2* | ||
| Price | $22,500,000 |
| Price Per Unit | $424,528 |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.59 AC |
| Building Size | 74,473 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 2006 |
| Zoning | LCC2* |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Patio
- Vinyl Flooring
Site Amenities
- Clubhouse
- Courtyard
- Gated
- On-Site Retail
- Recycling
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $2,268 | 695 - 880 |
| 2+2 | 14 | $2,732 | 1,007 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8634-018-024 | Improvements Assessment | $10,215,727 |
| Land Assessment | $7,211,099 | Total Assessment | $17,426,826 |
Property Taxes
Parcel Number
8634-018-024
Land Assessment
$7,211,099
Improvements Assessment
$10,215,727
Total Assessment
$17,426,826
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Glendora Park Place Apartment Homes | 633 W Route 66
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