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568 E Colorado Ave, Glendora, CA 91740
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568 E Colorado Ave Glendora, CA 91740

$2,200,000
  • 15 Beds
  • 8 Baths
  • 6,912 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 568 E Colorado Ave, Glendora, CA 91740

Property Overview: 568 E Colorado Ave Glendora, CA has 15 bedrooms, 8 bathrooms, 6,912 living square feet and 10,745 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential.

Listed by THE MARK AND AL TEAM | BRE #00914322 | CENTURY 21 MASTERS
Co-listed by Josie Jellick | BRE #00961685 | Century 21 Masters
Last checked: 15 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 14
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
10,745
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
CV24077597
City
Glendora
County
Los Angeles
Time on Site
13 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,870
  • Total Rent: $1,870
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.23%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $150,840
  • Net Operating Income: $115,044
  • Gross Operating Income: --
  • Laundry Income: $4,800
Annual Expense Breakdown
  • Total Operating Expense: $40,596
  • Electric: $444
  • Gas/Fuel: $0
  • New Taxes: $26,400
  • Trash: $4,812
  • Gardener: $1,200
  • Insurance: $2,640
  • Professional Management: $0
  • Water/Sewer: $2,100
  • Other Expenses: $3,000
  • Other Expense Description: Gas

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Property Details for 568 E Colorado Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 8644010030
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: See Remarks
Location / Neighborhood
Location Information
  • Directions: S/Route 66, E/Lemar Park Dr
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Glendora Agent

Sale History for 568 E Colorado Ave

Last sold on November 3rd, 2003

  • April, 2024

  • Apr 19, 2024

    Date

    Active

    CRMLS: CV24077597

    $2,200,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: CV23140980

    $2,500,000

    Price

  • Aug 1, 2023

    Date

    Active

    CRMLS: CV23140980

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible investment opportunity! You'll never want for tenants with this seven-unit building with plenty of parking, set on a quiet cul-de-sac amid amazing mountain views in the city of Glendora. Two of the seven are updated with new kitchen counters, cabinets, stainless steel sinks, and wood laminate flooring. The building itself boasts a new roof (2023), new exterior paint, and an upgraded laundry room with a new washer. The building's plumbing also has been upgraded within the past five years. The tenants enjoy seven covered parking spaces and an additional three open spaces. All units have long-term tenants. There's upside rent potential which could increase cap rate to 4.8% . Buyer to complete their own due diligence in regard to all aspects of the property, including income, expenses, and potential rents.

  • November, 2003

  • Nov 3, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 1994

  • Jan 12, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 568 E Colorado Ave

Assessed Value (2020): $347,551
Year Land Value Improved Value Assessed Value
2020 $56,572 $290,979 $347,551

Home Value Compared to the Market

This property vs the competition

568 E Colorado Ave is listed 131.58% higher than the median list price for the city of Glendora which has a median list price of $950,000. The median price per/sqft for Glendora is $544 and this home is listed at $318.29 per/sqft which puts the price per square foot 41.49% lower than the median price per square foot for the city of Glendora.

About 568 E Colorado Ave

Detailed summary of property

568 E Colorado Ave is a mixed use located in Glendora, CA 91740 and is currently for sale. This mixed use property offers 15 bedrooms, 8 bathrooms, roughly 6,912 living square feet, and sits on an approximately 10,745 square foot lot. 568 E Colorado Ave was first listed on ArdentRealEstateGroup.com on April 19, 2024. The homeowner is currently asking $2,200,000. The median priced home in Glendora is $950,000 with a median price per square foot of $544. Based on Ardent Real Estate Group's Glendora Market Data, this home is listed 131.58% higher than the median priced home. Local competing homes currently for sale include 4720 Clinton St, 4130 E 10th St and 4913 Melrose Ave. While the average home in Glendora, CA is selling in 54 days, 568 E Colorado Ave has a days on market of 14 days. There are currently 111 homes for sale in the Glendora real estate market and 100 of them are single family homes while 7 of them are condos and 4 are townhomes. For more information on this home for sale at 568 E Colorado Ave Glendora, CA 91740 contact Ardent Real Estate Group and we will put you in touch with one of our Glendora agents.

Public Facts for 568 E Colorado Ave

Public county record property details
Beds
15
Baths
8
Year built
1963
Sq. Ft.
6,912
Lot Size
10,741
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
8644-010-030

The source for these homes facts are from public records.

91740 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$784,900
Median List Price/Sq.Ft.
$548
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$562
Total Inventory
38
Median Sale to List Price %
102.65%
Avg Days on Market
10
Loan Type
Conventional (58.82%), FHA (17.65%), VA (5.88%), Cash (11.76%), Other (0%)

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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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