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Key Details
Sold Price $2,850,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,209 sqft
Price per Sqft $459
MLS Listing ID 25531215
Sold Date 05/19/25
Bedrooms 15
Year Built 1952
Lot Size 0.563 Acres
Acres 0.2939
Property Sub-Type Multi-Family
Property Description
ATTRACTIVE SELLER FINANCING! We are pleased to present a remarkable opportunity to own in Glendora, being offered for sale for the first time in nearly three decades. Featuring three contiguous properties in a prime north Glendora location situated North of Foothill Blvd. Attractive seller financing with 30% down at 6.00% interest only rate for 10 years! A true pride of ownership property which has been Family owned and operated for over 27 years. This sale includes 3 separate lots combined as nine spacious units and a vacant land with an excellent unit mix of six 2-bedroom cottage style units and three 1-bedroom units. The first property (on the far left side) is 121 North Wabash Avenue (with APN 8638-013-029), consisting of 3-units, featuring (two) 2-bedroom 1-bath cottage style units and (one) 1-bedroom 1-bath unit above the garage, totaling 2,111 sq.ft. situated on a 5,321 sq.ft. lot. The second property (in the middle) is 123 North Wabash Avenue (with APN 8638-013-014) consisting of a 6,402 sq.ft. vacant lot zoned GDR3. The third property (on the far right side) is 131 North Wabash Avenue (with APN 8638-013-013), consisting of 6-units, featuring (four) 2-bedroom 1-bath cottage style units and (two) 1-bedroom 1-bath units above the garage, totaling 4,098 sq.ft. situated on a 12,802 sq.ft. lot. This listing features a garden style courtyard layout with on-site parking and separate laundry room procuring additional income. The three properties totals to 24,525 square feet lot zoned GDR3 & CCAPT-4, plenty of multiple ADU opportunities. With outstanding development possibilities, you can build out on the vacant lot. Current units have rental upside potential of +/- 62%. Situated in Glendora's Civic Center Plan (30 units per acre). Potential high density condominium development and just two blocks from shopping and dining in Downtown Glendora, and within a 1/2 mile of the new Lightrail (AB2047). This property is only subject to the statewide AB1482 rent ordinance which is currently 8.9% (no local rent control).
Location
State CA
County Los Angeles
Area Glendora
Zoning GDR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Laundry Room
Exterior
Parking Features Garage, Covered Parking
Garage Spaces 9.0
View Y/N Yes
View Park
Building
Lot Description 2-4 Lots
Story 2
Level or Stories Two
Schools
School District Glendora Unified
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Remax Commercial and Investment Realty
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