8
See all 8 photos
$4,600,000
Est. payment /mo
4 Beds
4 Baths
0.95 Acres Lot
Active
121 N Pennsylvania Avenue Glendora, CA 91741
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26079602
Bedrooms 4
Lot Size 0.951 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional 12-unit investment opportunity with a vacant lot located in the highly desirable city of Glendora. Situated on nearly one acre of land, this unique property features 12 sizable, single-story cottage-style units, including an additional nearly -acre vacant lot offering potential for future development (buyer to verify with the City of Glendora). The unit mix consists of ten 1-bedroom, 1-bath units, one detached single-family home featuring 2 bedrooms, 1 bath, and a 1-car garage, and a second detached single-family home offering 3 bedrooms and 1.5 bathrooms. One unita spacious 2-bedroom, 1-bath with a 1-car garageis currently vacant, presenting an excellent opportunity for owner occupancy or to achieve market rents. The property has been well maintained with recent capital improvements, including new roofs and upgraded electrical panels. Select units have been enhanced by previous ownership with upgrades such as dual-pane windows, copper plumbing, updated water heaters, wall heaters, window A/C units, and improved flooring. Utilities are separately metered with 12 electric meters, 12 gas meters, and 4 water meters, providing operational efficiency for ownership. The property offers ample parking, including approximately 15 open spaces, a 1-car garage, and sufficient parking to accommodate all units and detached homes. Glendora is known for its strong community appeal, and highly rated school district, making this an attractive location for long-term tenancy. This is a rare opportunity for investors to acquire a stable, income-producing asset with upside potential
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Cross Streets: Pennsylvania / North of Foothill Blvd
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8638020042
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Cesar Carrillo, DRE#01272108 Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS