320 W Bennett Avenue

    Glendora, CA 91741
    • $10,990,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: AR18126873
    UPDATED: 77 min ago
    $10,990,000
    • 0
      BEDS
    • 2.68
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,796
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    The Sierra West is a 27-unit luxury single-story garden-style apartment community on the foothill area in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and stabilized upgraded luxury apartment community in the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of +-102,000 in a mile radius, located 3 blocks away from downtown Glendora +G+The Village+G-, and across the street from community of single family houses. The property was built in 1963 and is situated on an oversized lot of 2.64 acres (+-115,000 square feet). The 27-units are spread out to 10 separate single-story buildings on different locations that create a spacious single family residential atmosphere for the tenants. It offers an excellent unit mix of six (6) 3 bedroom+2 bathroom, eighteen (18) 2 bedroom+2 bathroom, and three (3) 2 bedroom+1 bathroom units, each with large private patio (+-300 sqft). The buildings are comprised of wood frame and stucco construction with pitched, composition-shingle constructed roofs. The community is served by three laundry facilities, a gated swimming pool with men+GGs and women+GGs restroom, controlled access with intercom system, gated parking (west side entrance), covered parking, directory, water fountain, and much more!Each unit is a bungalow style single-story apartment complete with private large patio (average +-300 sqft).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T09:28:01.913. 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.
    www.playavistaliving.com/homes/84047327

    320 W Bennett Avenue Glendora, CA 91741

    • Price: $10,990,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: AR18126873
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.68
    Acres
    31,796
    SQFT
    $346
    $/SQFT
    1963
    Built
    Neighborhood:
    629 - Glendora
    County:
    Los Angeles
    Area:
    629 - Glendora
    Property Description
    The Sierra West is a 27-unit luxury single-story garden-style apartment community on the foothill area in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and stabilized upgraded luxury apartment community in the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of +-102,000 in a mile radius, located 3 blocks away from downtown Glendora +G+The Village+G-, and across the street from community of single family houses. The property was built in 1963 and is situated on an oversized lot of 2.64 acres (+-115,000 square feet). The 27-units are spread out to 10 separate single-story buildings on different locations that create a spacious single family residential atmosphere for the tenants. It offers an excellent unit mix of six (6) 3 bedroom+2 bathroom, eighteen (18) 2 bedroom+2 bathroom, and three (3) 2 bedroom+1 bathroom units, each with large private patio (+-300 sqft). The buildings are comprised of wood frame and stucco construction with pitched, composition-shingle constructed roofs. The community is served by three laundry facilities, a gated swimming pool with men+GGs and women+GGs restroom, controlled access with intercom system, gated parking (west side entrance), covered parking, directory, water fountain, and much more!Each unit is a bungalow style single-story apartment complete with private large patio (average +-300 sqft).
    Exterior Features

    Carport Spaces 30.00 Garage Spaces 0.00 Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCarport DetachedControlled EntranceCovered ParkingDrivewayDriveway - Asphalt Parking Total 60.00 Parking YN Yes Pool Features Community PoolIn Ground Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltShingle Spa Features None Spa YN No View Mountain View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetSee RemarksTileWood Heating Central Furnace Heating YN Yes Laundry Features AreaCommunity Levels One Room Type Family RoomKitchenLiving RoomMaster BathroomMaster BedroomSee Remarks

    Property Features

    Accessibility Features None Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features FoothillsSuburban Country Us Electric Expense 4440.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 656917.00 Gross Operating Income 637209.00 Gross Scheduled Income 656917.00 Insurance Expense 11908.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry YN Yes Net Operating Income 406806.00 New Taxes Expense 111031.00 Number Of Separate Electric Meters 27 Number Of Separate Gas Meters 27 Number Of Separate Water Meters 1 Number Of Units Leased 27 Number Wall AC 0 Number With Dishwasher 0 Number With Disposal 27 Number With Patio 27 Number With Range 27 Number With Refrigerator 0 Operating Expense 230403.00 Professional Management Expense 19116.00 Property Condition Updated/Remodeled Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 54460.00 Total Expenses 230403.00 Trash Expense 7129.00 Utilities Cable AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 10321.00 Water Source Public Year Built Source Assessor Zoning Gdr_Ga

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T09:28:01.913. 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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