Exceptional 12-unit investment opportunity with a vacant lot located in the highly desirable city of Glendora. Situated on nearly one acre of land, this unique property features 12 sizable, single-story cottage-style units, including an additional nearly ½-acre vacant lot offering potential for future development (buyer to verify with the City of Glendora). The unit mix consists of ten 1-bedroom, 1-bath units, one detached single-family home featuring 2 bedrooms, 1 bath, and a 1-car garage, and a second detached single-family home offering 3 bedrooms and 1.5 bathrooms. One unit—a spacious 2-bedroom, 1-bath with a 1-car garage—is currently vacant, presenting an excellent opportunity for owner occupancy or to achieve market rents. The property has been well maintained with recent capital improvements, including new roofs and upgraded electrical panels. Select units have been enhanced by previous ownership with upgrades such as dual-pane windows, copper plumbing, updated water heaters, wall heaters, window A/C units, and improved flooring. Utilities are separately metered with 12 electric meters, 12 gas meters, and 4 water meters, providing operational efficiency for ownership. The property offers ample parking, including approximately 15 open spaces, a 1-car garage, and sufficient parking to accommodate all units and detached homes. Glendora is known for its strong community appeal, and highly rated school district, making this an attractive location for long-term tenancy. This is a rare opportunity for investors to acquire a stable, income-producing asset with upside potential in a prime location.
Property Sub Type:
Single Family Residence
Property Attached:
Yes
Lot Area:
41,427 sq. ft.3,849 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1959
(Age: 67)
General Listing Location:
Glendora, 629 - Glendora
County Or Parish:
Los Angeles
Common Interest:
None
Gross Income:
$250,070
Gross Scheduled Income:
$250,070
Net Operating Income:
$149,038
Rent Control:
No
Total Actual Rent:
$20,717
Association Fee:
$0
Land Lease:
No
Gardener expense:
3600.0
Insurance Expense:
$9,797
Maintenance Expense:
$18,013
Operating Expense:
$101,032
Other Expense:
$13,479
Professional Management Expense:
$13,740
Trash Expense:
$0
Water and Sewer Expense:
$0
Vacancy Allowance Rate:
$3
Tax Lot:
14
Cross Streets: Pennsylvania / North of Foothill Blvd
Number of Buildings:
7
# of Electric Meters:
12
# of Gas Meters:
12
# of Water Meters:
4
# Units Leased:
11
Community Features:
Curbs, Suburban, Sidewalks
Senior Community:
No
Laundry Features:
None
Pool Features:
None
Private Pool:
No
Lot Features:
11-15 Units/Acre, Lawn, Lot Over 40000 Sqft, Landscaped