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420 Lemon Avenue
Glendora, CA 91741
Sold
Welcome to an exceptional investment opportunity nestled in the heart of Glendora. This remarkable 4-unit multi-unit property presents not only a chance to own prime real estate but also to tap into the thriving community that surrounds it. The city's excellent school district provides a magnet for families seeking top-tier education for their children. The proximity to local parks offers abundant outdoor recreational opportunities, making it an attractive place to live. The property's surroundings are brimming with a wide array of eateries catering to various culinary tastes. From cozy cafes to gourmet restaurants, residents have an eclectic range of dining options to explore. Additionally, the convenience of local shopping centers and entertainment venues ensures a well-rounded lifestyle. Investors and tenants alike can leverage the advantage of Glendora's proximity to local colleges. This strategic location opens doors to potential tenants seeking proximity to academic institutions, expanding the pool of potential renters and boosting the property's desirability. The sale of this multi-unit property in Glendora boasts an astounding 5.31% cap rate. All units are turnkey and fully occupied. Of the 4 units, 2 units are newly-built and permitted ADU units that have their own addresses and electrical and gas meters. Whether you're a seasoned investor looking to diversify your portfolio or someone new to real estate investment, this offering provides a rare chance to secure a piece of prime Glendora real estate.
PROPERTY INFORMATION
| MLS # | WS23157386 | Lot Size | 7,232 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,650,000
Price Per SqFt: $ 522 |
DOM | 614 Days |
| Address | 420 Lemon Avenue | Type | Residential Income |
| City | Glendora | Sq.Ft. | 3,158 Sq. Ft. |
| Postal Code | 91741 | Garage | 2 |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 8 / 0 | Parking | 4 |
| Built In | 1955 | Status | Closed |
| Sold Date | 2023-09-29 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas & Electric Dryer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Range, Range Hood, Tankless Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Zoned |
| Room Information | Living Room |
| Has Cooling | Yes |
| Cooling Information | Zoned |
| Flooring Information | Vinyl |
| InteriorFeatures Information | Recessed Lighting |
| EntryLocation | Front Door |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Roof | Asphalt, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Chain Link |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,760
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/29/2023 | Sold | $1,650,000 |
| 08/23/2023 | Sold | $1,650,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of YIN ZHEN LI, KW Executive. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
