568 E Colorado Avenue Glendora, CA ^$ 2,200,000

568 E Colorado Avenue

^$ 2,200,000

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Recently Listed

568 E Colorado Avenue

Glendora, CA, 91740

^$ 2,200,000

Bedrooms2 Baths1.0 Sq 6,912

Monthly Estimate*

^$ 15,368

Listed by CENTURY 21 MASTERS

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Multi-Family Home for sale in Glendora, CA

for $2,200,000 with 2 bedrooms and 1 full bath. This 6,912 square foot home was built in 1963 on a lot size of 0.2467.

Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential.

Multi-Family Active

Price

^$ 2,200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.2467

Year Built

1963

Town/City

Glendora

County/Region

Los Angeles

MLS | Web ID

CV24077597

Days on Market

Features

General

Sewer Unknown

Zoning GDR3

Garage Spaces 0.0

Pool Features None

Year Built 1963

Property SubType MixedUse

Gross Income 155640.0

Community Features StreetLights Sidewalks

County Los Angeles

Net Operating Income 115044.0

Operating Expense 40596.0

Insurance Expense 2640.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Trust

Status Active

Directions S/Route 66 E/Lemar Park Dr

City Glendora

Entry Location Right Side

View Y/N N

Senior Community Y/N N

Open Parking Spaces 3.0

Total Units 7

MLS Area 629 - Glendora

Lot Size Square Feet 10745.0

Private Pool N

Waterfront Y/N N

Carport Spaces 7.0

Carport Y/N Y

Number of Units Leased 6

Street Name Colorado

Listing Terms Submit

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 444.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 4812.0

Water Sewer Expense 2100.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 11

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 4

Total Actual Rent 10470.0

Property Sub Type Additional MixedUse

Taxes 26400.0

Cap Rate 5.23

Exterior

Parking Features Assigned

Lot Features Item610UnitsAcre

Water Source SeeRemarks

Total Parking 10.0

Lot Size Area 10745.0

Number of Buildings 1

Spa N

Building Area Total 6912.0

Lot Size Acres 0.2467

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 568

* Excluded Features

List By

Century 21 Masters

Broker

(626) 963-9337

Phone

Affordability Calculator

$15,368

Per Month

Monthly Principal & Interest: $15,368
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Glendora, CA

Average List Price ^$1,918,571

Percent of Sale Price 13%

About Glendora, CA

52,277 Population

5% Since 2002

^$79,536 Median Income

40.37 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/19/2024	$2,200,000		Listed Price

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568 E Colorado Avenue, Glendora, CA, 91740 is a Multi-Family Home for sale at $2,200,000 with 6,912 sqft and a lot size of 0.2467. 568 E Colorado Avenue has 2 bedrooms, 1.0 baths, and was built in 1963. The property's zip code is 91740 which is in Glendora, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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568 E Colorado Avenue

Multi-Family Home for sale in Glendora, CA

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