625-627 S Wabash Ave - Apartments FOR SALE


Glendora, CA 91740
$4,675,000 USD
626-429-0685
625-627 S Wabash Ave, Glendora, CA for Sale
$4,675,000 USD
Apartments - FOR SALE
1/11
null | 5.16% Cap Rate

625-627 S Wabash Ave
Glendora, CA 91740


HIGHLIGHTS

  • Prime Glendora Location
  • Seller Carried financing 5 years, 6% interest only with $2.0 mil down payment
  • Well maintained, turnkey property
  • Highly Ranked School District
  • 16: 2 bed/ 1 bath units
  • Two 8 unit buildings, so no onsite manager required

OVERVIEW

Property Overview: Wabash Gardens is a 16- unit apartment complex on two lots (4 total parcels), with two 8 -unit buildings, each 2 -story walk-up, with slightly pitched rolled composition roof and slab foundations. The carport roofs are also rolled composition. - Unit Mix: 16: 2 bed/ 1 bath approximate average 655 SF - Units: Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile. - Utilities: Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash. - Hot Water Heaters: Two 100-gallon hot water heaters, one for each building. 625 was replaced in 2016 and 627 was replaced in 2021. - Parking: 28 spaces: 15 carports and 13 open spaces. No Soft story.

FOR SALE DETAILS

PRICE

$4,675,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

16

PRICE/UNIT

$292,188

CAP RATE

5.16%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wabash Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,978 SF

ZONING

R3, Glendora

APN/PARCEL ID

8644-001-020,8644-001-040,8644-001-041,8644-001-048

ASK ABOUT THIS PROPERTY

Kevin LutzKW CommercialMore Info
626-429-0685

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Kevin LutzKW CommercialMore Info
626-429-0685

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