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    628 Marion Place

    Glendora, CA 91740
    • $2,850,000
    • STATUS: ACTIVE
    • ON SITE: 134 days
    • ID#: 302663191
    UPDATED: 58 min ago
    $2,850,000
    • 3
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Over 15% Rental Upside - We are proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units of approximately 625 square feet and four-two bedroom/one bathroom units of approximately 800 square feet. The property features new wi Over 15% Rental Upside - We are proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units of approximately 625 square feet and four-two bedroom/one bathroom units of approximately 800 square feet. The property features new windows, exterior paint, updated units and an on-site laundry room. Parking consists of six tuck-under parking spaces and open space parking. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property is located one block south of Historic Route 66 and is ideally situated with easy access to the 210 and 57 freeways. The property is also within three miles of Azusa Pacific University and Citrus Community Colleges which have a combined annual enrollment of approximately 30,000 students. Glendoras residents enjoy highly rated public and private schools, lush parks, comprehensive community services and one of the lowest crime rates in the nation. From tree lined neighborhood streets and quaint downtown Village shops to the modern architecture of the Financial Way business center, Glendora is a haven from the fast pace of the Los Angeles metropolitan area.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/109817850
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    628 Marion Place Glendora, CA 91740

    • Price: $2,850,000
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 302663191
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1960
    Built
    Neighborhood:
    Glendora (91740)
    County:
    Los Angeles
    Area:
    Glendora (91740)
    Property Description
    Over 15% Rental Upside - We are proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units of approximately 625 square feet and four-two bedroom/one bathroom units of approximately 800 square feet. The property features new wi Over 15% Rental Upside - We are proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units of approximately 625 square feet and four-two bedroom/one bathroom units of approximately 800 square feet. The property features new windows, exterior paint, updated units and an on-site laundry room. Parking consists of six tuck-under parking spaces and open space parking. All of the units are individually metered for gas and electricity and have individual hot water heaters. The property is located one block south of Historic Route 66 and is ideally situated with easy access to the 210 and 57 freeways. The property is also within three miles of Azusa Pacific University and Citrus Community Colleges which have a combined annual enrollment of approximately 30,000 students. Glendoras residents enjoy highly rated public and private schools, lush parks, comprehensive community services and one of the lowest crime rates in the nation. From tree lined neighborhood streets and quaint downtown Village shops to the modern architecture of the Financial Way business center, Glendora is a haven from the fast pace of the Los Angeles metropolitan area.
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 4.39 Annual Expense Actual 51923 Buildings 1 Gross Rent Multiplier Actual 15.7 Gross Scheduled Income Actual 181512 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1488.0 Unit2 Rent Actual 1537.0 Zoning Assessor

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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