625-627 S Wabash Ave
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625-627 S Wabash Ave
16 Unit Apartment Building $4,690,000 ($293,125/Unit) 5.07% Cap Rate Glendora, CA 91740
Executive Summary
Property Overview: Wabash Gardens is a 16- unit apartment complex on two lots (4 total parcels), with two 8 -unit buildings, each 2 -story walk-up, with slightly pitched rolled composition roof and slab foundations. The carport roofs are also rolled composition.
Unit Mix: 16: 2 bed/ 1 bath approximate average 655 SF
Units: Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile.
Utilities: Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash.
Hot Water Heaters: Two 100-gallon hot water heaters, one for each building. 625 was replaced in 2016 and 627 was replaced in 2021.
Parking: 28 spaces: 15 carports and 13 open spaces. No Soft story
Unit Mix: 16: 2 bed/ 1 bath approximate average 655 SF
Units: Each unit has gas wall heaters and wall A/C. Some kitchens have newer cabinets, granite counters, gas stoves/ovens and vinyl plank flooring, ceramic tile or sheet vinyl. Bathrooms have vinyl plank, ceramic tile or sheet vinyl flooring, newer vanity cabinets and sliding doors on the tub/shower. Living rooms and bedrooms are carpeted, vinyl plank, oak parquet or ceramic tile.
Utilities: Individually metered for gas & electric. Owner pays for hot water, water/sewer & trash.
Hot Water Heaters: Two 100-gallon hot water heaters, one for each building. 625 was replaced in 2016 and 627 was replaced in 2021.
Parking: 28 spaces: 15 carports and 13 open spaces. No Soft story
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 | $4,690,000 | Apartment Style | Low Rise |
| Price Per Unit | $293,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 5.07% | Building Size | 10,483 SF |
| Gross Rent Multiplier | 12.26 | Average Occupancy | 93% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Price | $4,690,000 |
| Price Per Unit | $293,125 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Gross Rent Multiplier | 12.26 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 10,483 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- High Speed Internet Access
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,938 | 616 - 700 |
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $4,035,543 (2024) | |
| Land Assessment | $2,504,443 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,531,100 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,504,443 (2024)
Improvements Assessment
$1,531,100 (2024)
Total Assessment
$4,035,543 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3, Glendora |
| R3, Glendora |
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625-627 S Wabash Ave
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