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536 E Lemon Ave, Glendora, CA 91741
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536 E Lemon Ave Glendora, CA 91741

$1,350,000 Sold Price as of 05/17/2022
  • 6 Beds
  • 3 Baths
  • 2,814 Sq.Ft.
Sold
$1,350,000 Sold Price as of 05/17/2022 Refinance Your Mortgage
Map preview of 536 E Lemon Ave, Glendora, CA 91741

Property Overview: 536 E Lemon Ave Glendora, CA has 6 bedrooms, 3 bathrooms, 2,814 living square feet and 9,897 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 536-540 E Lemon Ave, Glendora is a single-story bungalow style 3 units located in the best location of Glendora. It is situated on a quiet residential street several blocks east of Glendora Blvd (downtown area), and a few blocks south of Foothill Blvd. The property consists of a single-family house in the front, and a single-story duplex in the back. New roofs were installed in 2018 with proper permits and carry a 7-year warranty. The windows have been retrofitted with double paned windows. Current CAP Rate is ±3.67% with Proforma CAP Rate over 7% (with garage converted to ADU). Investor can take 30-year fixed financing to avoid raging inflation and climbing interest rates. The front house is a sizable 2bedroom+1bathroom house with central A/C and heating complete with attached 1 car garage. The back duplexes have ±1700SF livable space split between two x 2bedroom+1bathroom units. There is a 2-car garage between these 2 units which offers privacy without any adjoining wall with the other unit/tenant. In the back there is an additional 2 car carport for additional parking. The in-between garage provides huge potential for ADU conversion. Each unit has individual water heater and laundry hookups. The 2nd unit (#538) has a shared backyard area with the front house (#536). It has central A/C and heating and laundry hookups. The last unit (#540) is a large and recently upgraded 2bed+1bath single story unit complete with laundry hookups. It has large living room, dining area, and has been completely upgraded with new wood flooring, new quartz kitchen countertops, new shaker style kitchen cabinet, new led chandelier/ceiling fan combo in the living room, new chandeliers in one of the bedroom and kitchen, new Bluetooth bathroom fan, windows A/C in living room and front bedroom, ceiling fans in dining room and 2nd bedroom, nicely tiled shower with glass shower door, and plenty of linen cabinets. The community has a total of 1 attached car garage, 2-car attached garage, 2-car carport and can park a total of 8 cars (3 are tandem). Each unit is separately metered for electricity and gas. The community is nearby Route 66 and within minutes to The Village (downtown) Glendora. The strategic location provides convenience to a lucky tenant; Foothill Blvd/Route 66 is a block away, The Village (downtown) Glendora is within walking distance, schools (elementary, middle and high school) are literally minutes away.

Listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 7 minutes ago | Last updated: May 19th, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
9,897
HOA Dues
$0/mo
Year built
1956
Garage
3 Car
Property Type:
Apartment
Status
Sold
MLS#
AR22060424
City
Glendora
County
Los Angeles
Time on Site
908 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $3,900
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.67%
  • Gross Rent Multiplier: 19.23
  • Gross Scheduled Income: $70,200
  • Net Operating Income: $49,519
  • Gross Operating Income: $70,200
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $20,681
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $14,777
  • Trash: $1,333
  • Gardener: $1,400
  • Insurance: $1,117
  • Maintenance: $630
  • Water/Sewer: $1,424

Property Details for 536 E Lemon Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, High Efficiency, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Carport, Detached Carport, Garage
Lot Information
  • Lot Features: Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 8646027008
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: north of route 66 and south of foothill blvd
Neighborhood Information
  • Community Features: Suburban, Valley
View more facts & features

Local Glendora Agent

Sale History for 536 E Lemon Ave

Last sold for $1,350,000 on May 17th, 2022

  • May, 2022

  • May 17, 2022

    Date

    Sold

    CRMLS: AR22060424

    $1,350,000

    Price

  • Mar 26, 2022

    Date

    Active

    CRMLS: AR22060424

    $1,350,000

    Price

  • April, 2022

  • Apr 1, 2022

    Date

    Expired

    CRMLS: AR21231819

    $1,290,000

    Price

  • Oct 19, 2021

    Date

    Active

    CRMLS: AR21231819

    $1,290,000

    Price

  • Listing provided courtesy of CRMLS

    536-540 E Lemon Ave, Glendora is a single-story bungalow style 3 units located in the best location of Glendora. It is situated on a quiet residential street several blocks east of Glendora Blvd (downtown area), and a few blocks south of Foothill Blvd. The property consists of a single-family house in the front, and a single-story duplex in the back. New roofs were installed in 2018 with proper permits and carry a 7-year warranty. The windows have been retrofitted with double paned windows. The front house is a ±1100SF 2bedroom+1bathroom house with central A/C and heating complete with attached 1 car garage. The back duplexes have ±1700SF livable space split between two x 2bedroom+1bathroom units (Buyer to verify measurements). There is a 2-car garage between these 2 units which offers privacy without any adjoining wall with the other unit/tenant. In the back there is an additional 2 car carport for additional parking. The in-between garage provides huge potential for ADU conversion. Each unit has individual water heater and laundry hookups. The 2nd unit (#538) has a shared backyard area with the front house (#536). It has central A/C and heating and laundry hookups. The last unit (#540) is a large and recently upgraded 2bed+1bath single story unit complete with laundry hookups. It has large living room, dining area, and has been completely upgraded with new wood flooring, new quartz kitchen countertops, new shaker style kitchen cabinet, new led chandelier/ceiling fan combo in the living room, new chandeliers in one of the bedroom and kitchen, new Bluetooth bathroom fan, windows A/C in living room and front bedroom, ceiling fans in dining room and 2nd bedroom, nicely tiled shower with glass shower door, and plenty of linen cabinets. The community has a total of 1 attached car garage, 2-car attached garage, 2-car carport and can park a total of 8 cars (3 are tandem). Each unit is separately metered for electricity and gas. The community is nearby Route 66 and within minutes to The Village (downtown) Glendora. The strategic location provides convenience to a lucky tenant; Foothill Blvd/Route 66 is a block away, The Village (downtown) Glendora is within walking distance, schools (elementary, middle and high school) are literally minutes away. Excellent access to FWY 210 and FWY 57 from Glendora Ave offering easy commute to Pasadena and other areas of San Gabriel Valley.

  • March, 2020

  • Mar 6, 2020

    Date

    Expired

    CRMLS: AR19219532

    $1,260,000

    Price

  • Sep 13, 2019

    Date

    Active

    CRMLS: AR19219532

    $1,260,000

    Price

  • Listing provided courtesy of CRMLS

    536-540 E Lemon Ave. is a pride-of-ownership 3-unit, NON rent-controlled apartment in a prime Glendora location which includes (1) large 2bedroom house along with (2) 2bedroom bungalow-style units. The front house includes a garage with 2 parking spaces, a private front yard, and has excellent curb appeal. The other bungalow-style units have access to 2 more garage spaces and 2 carport spaces. Both bungalow units have private yard areas as well. This single-story property has recently had the roof redone. All units have individual hookups for washer, dryer, and have individual water heaters as well. This property is in an excellent location in Glendora in close proximity to grocery stores, restaurants, and shopping plazas.

  • September, 2017

  • Sep 16, 2017

    Date

    Sold

    CRMLS: CV17150197

    $785,700

    Price

  • Sep 15, 2017

    Date

    Pending

    CRMLS: CV17150197

    $850,000

    Price

  • Jul 21, 2017

    Date

    Active Under Contract

    CRMLS: CV17150197

    $850,000

    Price

  • Jul 4, 2017

    Date

    Active

    CRMLS: CV17150197

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    This triplex, with two bedrooms and one bathroom in each unit, is a rare opportunity to own a multi unit in Glendora. Each unit has it's own laundry hookups. Each unit has its its own garage/carport parking. There is a front yard, and two units have back yards. Utilities separately metered, excepting water and trash. All units presently rented.

  • September, 2017

  • Sep 15, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 536 E Lemon Ave

Assessed Value (2020): $818,042
Year Land Value Improved Value Assessed Value
2020 $504,594 $313,448 $818,042

Home Value Compared to the Market

This property vs the competition

536 E Lemon Ave sold on May 17, 2022 for 56.98% 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 $479.74 per/sqft which puts the price per square foot 15.24% lower than the current median sale per square foot for the city of Glendora.

About 536 E Lemon Ave

Detailed summary of property

536 E Lemon Ave is a apartment that recently sold in Glendora, CA 91741. This apartment offered 6 bedrooms, 3 bathrooms, roughly 2,814 living square feet, and sits on an approximately 9,897 square foot lot. 536 E Lemon Ave was first listed on ArdentRealEstateGroup.com on March 26, 2022. The homeowner sold the property for $1,350,000. 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 56.98% higher than the current median priced home. Local homes that are currently for sale include 536 N 1st Ave, 1097 Richland St and 820 E Richland St. While the average home in Glendora, CA is selling in 64 days, 536 E Lemon Ave has a days on market of 16 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 536 E Lemon Ave Glendora, CA 91741 contact Ardent Real Estate Group and we will put you in touch with one of our Glendora agents.

Public Facts for 536 E Lemon Ave

Public county record property details
Beds
6
Baths
3
Year built
1956
Sq. Ft.
2,814
Lot Size
9,896
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
8646-027-008

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
$1,250,000
Median List Price/Sq.Ft.
$521
Median Sold Price
$1,005,000
Median Sold Price/Sq.Ft.
$573
Total Inventory
67
Median Sale to List Price %
100.6%
Avg Days on Market
21
Loan Type
Conventional (44.44%), FHA (7.41%), VA (0%), Cash (33.33%), Other (11.11%)

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Recently Sold Homes Near 536 E Lemon Ave

420 E Lemon Ave, Glendora, CA 91741
$1,650,000 Last Sold Price
8 Beds
4 Baths
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420 E Lemon Ave
Glendora, CA 91741
417 E Lemon Ave, Glendora, CA 91741
$995,000 Last Sold Price
5 Beds
4 Baths
2408 Sq.Ft.
417 E Lemon Ave
Glendora, CA 91741
409 E Lemon Ave, Glendora, CA 91741
$1,600,000 Last Sold Price
8 Beds
4 Baths
3600 Sq.Ft.
409 E Lemon Ave
Glendora, CA 91741
619 E Lemon Ave, Glendora, CA 91741
$718,000 Last Sold Price
4 Beds
2 Baths
1792 Sq.Ft.
619 E Lemon Ave
Glendora, CA 91741

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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.

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