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405 E Foothill Blvd Glendora, CA 91741

$955,000 Sold Price as of 10/17/2023

5 Beds
3 Baths
1,863 Sq.Ft.

Sold

$955,000 Sold Price as of 10/17/2023 Refinance Your Mortgage

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Map preview of 405 E Foothill Blvd, Glendora, CA 91741

Property Overview: 405 E Foothill Blvd Glendora, CA has 5 bedrooms, 3 bathrooms, 1,863 living square feet and 8,422 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to an investor’s dream. This is a rare opportunity to own a 3-unit property in Glendora. Each unit boasts long-term tenants with over 5 years of residence, offering stability and consistent rental income. Situated within walking distance to both Finkbiner Park and Glendora Skate Park, this location offers the perfect blend of outdoor recreation and convenience. With a solid 4.2% cap rate, this investment opportunity promises attractive returns. The property falls within an amazing school district, adding to its appeal for families and ensuring strong demand. Glendora's rental market is robust, further highlighting the investment potential. Don't miss out on this chance to secure a property in a sought-after location with dependable tenants and promising financial prospects. Act now and capitalize on the allure of Glendora's rental market!

Listed by YIN ZHEN LI | BRE #01992880 | KW Executive
Co-listed by CELINE JUAN | BRE #01992878 | KW Executive

Last checked: 10 minutes ago | Last updated: October 17th, 2023 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft: 8,422
HOA Dues: $0/mo
Year built: 1951
Garage: 2 Car
Property Type:: Triplex

Status: Sold
MLS#: WS23155895
City: Glendora
County: Los Angeles
Time on Site: 396 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2
# of Electric Meters: 2
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,250
Total Rent: $2,250
Pro Forma/Market Rent: $3,200

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $875
Total Rent: $875
Pro Forma/Market Rent: $900

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,400

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.2%
Gross Rent Multiplier: --
Gross Scheduled Income: $51,300
Net Operating Income: $37,818
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $13,482
Electric: $0
Gas/Fuel: $0
New Taxes: $9,900
Trash: $1,560
Gardener: $1,200
Insurance: $822
Water/Sewer: $0

Property Details for 405 E Foothill Blvd

Interior Features

Laundry Information

Has Laundry
Inside

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: Back Yard, Front Yard, Landscaped, Rectangular Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 3
Parcel Number: 8638010001
Year Built Source: Assessor
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: On Foothill BLVD

Neighborhood Information

Community Features: Biking, Park, Sidewalks

View more facts & features

Local Glendora Agent

Sale History for 405 E Foothill Blvd

Last sold for $955,000 on October 17th, 2023

October, 2023
Oct 17, 2023

Date

Sold

CRMLS: WS23155895

$955,000

Price
Aug 21, 2023

Date

Active

CRMLS: WS23155895

$900,000

Price
October, 2023
Oct 17, 2023

Date

Sold

CRMLS: WS23156020

$955,000

Price
Aug 21, 2023

Date

Active

CRMLS: WS23156020

$900,000

Price
Listing provided courtesy of CRMLS

Welcome to an investor’s dream. This is a rare opportunity to own a 3-unit property in Glendora. Each unit boasts long-term tenants with over 5 years of residence, offering stability and consistent rental income. Situated within walking distance to both Finkbiner Park and Glendora Skate Park, this location offers the perfect blend of outdoor recreation and convenience. With a solid 4.2% cap rate, this investment opportunity promises attractive returns. Front unit rent is $2,250, side unit rent is $875, and back unit rent is $1,150, totaling $4,275 gross income per month. The property falls within an amazing school district, adding to its appeal for families and ensuring strong demand. Glendora's rental market is robust, further highlighting the investment potential. Don't miss out on this chance to secure a property in a sought-after location with dependable tenants and promising financial prospects. Act now and capitalize on the allure of Glendora's rental market!

Continue Reading
September, 2017
Sep 22, 2017

Date

Sold (Public Records)

Public Records

--

Price
January, 2017
Jan 20, 2017

Date

Sold (Public Records)

Public Records

$675,000

Price

Tax History for 405 E Foothill Blvd

Assessed Value (2020): $702,270

Year	Land Value	Improved Value	Assessed Value
2020	$416,160	$286,110	$702,270

Home Value Compared to the Market

This property vs the competition

405 E Foothill Blvd sold on October 17, 2023 for 16.16% higher than the current median sold price for the city of Glendora which is $860,000. The median sold price per/sqft for Glendora is $566 and this home is sold at $536.23 per/sqft which puts the price per square foot 5.26% lower than the current median sale per square foot for the city of Glendora.

About 405 E Foothill Blvd

Detailed summary of property

405 E Foothill Blvd is a triplex that recently sold in Glendora, CA 91741. This triplex offered 5 bedrooms, 3 bathrooms, roughly 1,863 living square feet, and sits on an approximately 8,422 square foot lot. 405 E Foothill Blvd was first listed on ArdentRealEstateGroup.com on August 21, 2023. The homeowner sold the property for $955,000. Home in Glendora are selling for a median price of $860,000 and a median price per square foot of $566. Based on Ardent Real Estate Group's Glendora Market Data, this home is sold 16.16% higher than the current median priced home. Local homes that are currently for sale include 203 E Park St, 221 E Sunkist St and 13612 Earlham Dr. While the average home in Glendora, CA is selling in 64 days, 405 E Foothill Blvd has a days on market of 19 days. There are currently 110 homes for sale in the Glendora real estate market and 94 of them are single family homes while 9 of them are condos and 7 are townhomes. For more information on this home for sale at 405 E Foothill Blvd Glendora, CA 91741 contact Ardent Real Estate Group and we will put you in touch with one of our Glendora agents.

Public Facts for 405 E Foothill Blvd

Public county record property details

Beds: 6
Baths: 3
Year built: 1951
Sq. Ft.: 1,863
Lot Size: 8,421
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-3
APN: 8638-010-001

The source for these homes facts are from public records.

91741 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,180,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$1,005,000

Median Sold Price/Sq.Ft.

$573

Total Inventory

Median Sale to List Price %

100.6%

Avg Days on Market

Loan Type

Conventional (44.44%), FHA (7.41%), VA (0%), Cash (33.33%), Other (11.11%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.