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628 Marion Place, Glendora, CA 91740
$2,900,000
628 Marion Place, Glendora, CA 91740View this property at 628 Marion Place, Glendora, CA 91740
628 Marion PlaceGlendoraCA91740
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Property Description
628 Marion Place is a 10-unit garden-style apartment community in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and updated apartment close to the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±100,658 in a 2-mile radius, located within minutes from downtown Glendora "The Village", and across the street from community of single-family houses. It is currently the HIGHEST CAP Rate apartment in east San Gabriel Valley, even higher CAP than much less desirable communities.
The property is a 2-story apartment that was built in 1960 and situated on a 11,188 sqft lot. It offers an excellent unit mix of four (4) 2 bedroom+1 bathroom and six (6) 1 bedroom+1 bathroom units. Most of the units have been upgraded with luxury wood vinyl flooring, updated kitchen, updated bathroom, dual pane windows throughout and new windows A/C & heating units. The current rental income is below market. The property has a shared laundry room (seller own machines).
Each unit is a large unit with living and dining room, upgraded with luxury wood vinyl flooring, some unit have new kitchen cabinets, granite/quartz countertops, custom-color paint, new bathroom (tiled bathtub/shower wall, new bathtub/shower sliding door, new bathroom vanity with mirror), plenty of storage cabinets, and ceiling fans in dining area and bedrooms. Each unit is individually metered for electricity and gas with its own individual water heater. The property provides 15 parking spaces which consist of 6 carport spaces and 9 open spaces. It has a shared laundry room (machines are seller own), and security camera system.
Full Property Details
Full Property Details for 628 Marion Pl
General
- Sold For: $2,900,000
- Status: Closed
- Type: Multi-Family
- MLS ID: AR21123383
- Added to Site: 1, 051 day(s) ago
Interior
- Fireplace(s): None
- Flooring: Laminate, Vinyl, Wood
Rooms
Other Rooms
- Laundry: Common Area, Community
Additional Information
- Pool Description: None
Parking
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: 629 - Glendora
- County: Los Angeles
- Development Name: 629 - Glendora
- Driving Directions: east of Glendora Ave, and north of Colorado Ave
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 11
- # Electric Meters: 11
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 7,002
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 6
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2568
- Lot Size Source: Assessor
- Zoning: GDR3
- Lot Description: Cul-de-Sac, Level with Street, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $414.17
- Price Per Unit: 290000
Listed by GIG Real Estate Inc., Handoko Chen
Sold by United Capital Realty, JUAN COVARRUBIAS
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Schools
Schools serving 628 Marion Pl
School District:Glendora Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
725 S Vecino Dr, Glendora, CA 91740 | K-5 | 1.1 mi | |
819 W Bennett Ave, Glendora, CA 91741 | 6-8 | 1.4 mi | |
1600 E Foothill Blvd, Glendora, CA 91741 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 628 Marion Pl
Date
Details
Price
Change
Source
8/24/2021
Sold
$2,900,000
—
MLS
6/10/2021
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
628 Marion Place, Glendora, CA 91740 (MLS# AR21123383) is a Multi-Family property that was sold at $2,900,000 on August 24, 2021. Want to learn more about 628 Marion Place? Do you have questions about finding other Multi-Family real estate for sale in Glendora? You can browse all Glendora real estate or contact a Coldwell Banker agent to request more information.