Glendora Triplex | 215 W Carroll Ave
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Glendora Triplex 215 W Carroll Ave
3 Unit Apartment Building $1,780,000 ($593,333/Unit) 4.22% Cap Rate Glendora, CA 91741
Investment Highlights
- Vintage house in front with large fenced yard, renovated 7 years ago.
- Three one-car garages in rear of property, perfect for storage or parking.
- Two newer units in back, townhouse style, newly remodeled with new kitchens, baths, windows, doors etc.
Executive Summary
Lovely Triplex with recently renovated 3-bedroom, 2-bath vintage home in front (address 156 S Pennsylvania Ave), and newly renovated duplex, 2-bedroom and 1.5 bath in back (addresses 215 and 217 W. Carroll Ave). Back units are newly renovated with new bathrooms, new kitchen, new flooring, windows, doors, etc. Highly desirable location close to Glendora Village. The front house has a month-to-month lease, back units are held vacant for new owner flexibility. Very strong rental demand in this quiet neighborhood, and ability to monetize three one-car garages and laundry room, providing a rare upside opportunity. Also, ability to add two additional units at the rear of property, per by-rights zoning. Please do NOT go on the property. All offers are subject to interior inspection.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,780,000 | Property Subtype | Apartment |
| Price Per Unit | $593,333 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,209 SF |
| Cap Rate | 4.22% | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1979/2024 |
| Property Type | Multifamily |
| Price | $1,780,000 |
| Price Per Unit | $593,333 |
| Sale Type | Investment |
| Cap Rate | 4.22% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.20 AC |
| Building Size | 3,209 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2024 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
Site Amenities
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,500 | 1,049 |
| 2+1.5 | 2 | $3,100 | 1,080 |
Walk Score ®
Very Walkable (87)
zoning
| Zoning Code | GDR3 (Glendora R-3 (Multiple-family residence)) |
| GDR3 (Glendora R-3 (Multiple-family residence)) |
-
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Glendora Triplex | 215 W Carroll Ave
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