Location, location, location. This property offers 3 separate units for rental with reasonable amounts of rent. First unit features with 4 bedrooms and 2 baths, second downstairs unit has 1 bedroom and 1 bath and the third upstairs unit has 1 bedroom and 1 bath. All units have been remodeled since 2021 with new flooring and new paint. The front unit has new kitchen and bathrooms. Front unit has open floor plan, very spacious. The property is sitting at a big lot of almost half acres which is over 20,000 sq ft with plenty of parking spaces and park up to 10 cars. There are 2 separate buildings onsite. One single house at the front and two separate units at the back building. The new buyer can enjoy the reasonable amount of rent and also can build separate ADU at the back. Solar panel is on site with a month lease of $260/month. Please check with city for the building requirements. Please use your own due diligence to verify the square feet and the usage of the land.
Wabash Gardens is a 16-unit apartment complex on two lots (4 total parcels), with two 8-unit buildings, each 2-story walk-up, with slightly pitched rolled composition roof and slab foundations. The carport roofs are also rolled composition. 16 Units:2 bed/1 bath approximate average 655 SF. Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile. Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash.
Wabash Gardens is a 16-unit apartment complex on two lots (4 total parcels), with two 8-unit buildings, each 2-story walk-up, with slightly pitched rolled composition roof and slab foundations. The carport roofs are also rolled composition. 16 Units:2 bed/1 bath approximate average 655 SF. Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile. Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash.
This is an amazing value add opportunity. Recent zoning changes have removed development barriers to this property, enabling the addition of approximately 11 residential units without displacing the current tenants. Aside from future development, it is an excellent opportunity to purchase a stable multi-family and commercial investment property. Located in central Glendora on the historical Route 66, this property has been professionally managed and consistently maintained/upgraded. Its location is convenient to shopping and restaurants, with the residential units being set back from the main street. The 13 unit property consists of long term tenants in twelve large 1BD/1BA units (six duplexes) on a large lot, an approx 1550 sf single tenant office building that is leased to a national tenant, and 13 private garages. Front office building built in 1927 and residential units built in approx 1955. Most units have a private yard or private patio and each unit has a private garage and one reserved parking spot. Three units have been completely renovated with improvements that include new range/oven, laminate flooring, kitchen cabinets, quartz counters, bathrooms, and windows. Five units have been partially renovated with improvements that include new flooring and windows. Four units have not been renovated. All units have been upgraded with copper plumbing.
The median home value in Glendora, CA is $800,200. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Glendora, CA is $800,200. Approximately 66.29% of Glendora homes are owned, compared to 29.5% rented, while 4.22% are vacant. Glendora real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Glendora real estate agent to arrange a tour today!
Glendora, California 91740 has a population of 52,458. Glendora 91740 is more family-centric than the surrounding county with 34.95% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Glendora, California 91740 is $103,159. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Glendora 91740 is 40 years.
The average high temperature in July is 90.5 degrees, with an average low temperature in January of 44.8 degrees. The average rainfall is approximately 21.7 inches per year, with 0 inches of snow per year.