121-127 N Pennsylvania Ave - Apartments FOR SALE


Glendora, CA 91741
$4,600,000 USD
626-807-5886
121-127 N Pennsylvania Ave, Glendora, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/12
null | 3.24% Cap Rate

121-127 N Pennsylvania Ave
Glendora, CA 91741


OVERVIEW

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 ½-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 unit—a spacious 2-bedroom, 1-bath with a 1-car garage—is 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 in a prime location.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$634 USD /SF

# OF UNITS

12

PRICE/UNIT

$383,333

CAP RATE

3.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

GDR3

APN/PARCEL ID

8638-020-042

ASK ABOUT THIS PROPERTY

Gabriel ChahinianColdwell Banker Commercial RealtyMore Info
626-807-5886

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Gabriel ChahinianColdwell Banker Commercial RealtyMore Info
626-807-5886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.