628 Marion Place
628 Marion Place Glendora, California 91740 United States

$2,900,000
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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...
$2,900,000
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.26 Acres
Exterior
Residential Income
Property type
1960
Year Built
AR21123383
Web Id
AR21123383
MLS ID
Glendora Unified
School District
9
days ago

About 628 Marion Place

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.

Listing Courtesy of GIG Real Estate Inc.

Amenities

  • Cable

features

cooling
Electric, Gas, Propane Heating
lot description
Cul-de-sac

PROPERTY INFORMATION

Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
Parking Description
Assigned
Sewer
Public Sewer
Water
Public

EXTERIOR

Lot Description
Cul-De-Sac, Street Level

INTERIOR

Flooring
Laminate, Vinyl, Wood

ADDITIONAL INFORMATION

Number of Units
10
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