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Call us! 626.204.3300
625 & 627 WABASH AVENUE
GLENDORA, CA 91740
CLOSED
16 UNITS
PROPERTY SUMMARY
PROPERTY DESCRIPTION
KW Commercial is proud to present The Wabash Apartments in the city of Glendora. Built in 1959, this 16-unit, non-rent controlled multifamily community is comprised of two buildings totaling 10,483 sf and four lots with a combined 20,636 sf.
· 8644-001-041: 625 S. Wabash, 8 units, 5,326 sf, 9,104 sf lot
· 8644-001-020: 627 S Wabash, 8 units, 5,157 sf, 8,153 sf lot
· 8644-001-040: no address, 300 sf lot
· 8644-001-048: no address 3,079 sf lot
There are two, 2-story, style buildings featuring eight, two-bed / 1-bath units in each building. Flooring for the units consist of carpet or laminate wood throughout. Kitchens are equipped with freestanding ovens/stoves and select units feature granite counters and newer cabinetry. Flooring in the kitchens consists of either tile or vinyl. All units have wall mounted A/C, gas wall heaters, and ceiling fans in each bedroom. Units are individually metered for gas and electric, and owner pays for hot water
Each of the eight unit buildings is equipped with a laundry room featuring 1 washer and 1 dryer ,owned by the building. There are a total of 28 parking spaces: 15 carports and 13 open. Tenants access parking from an alley with entry from Route 66 to the north of the property.
SUMMARY
Price:
Price/Unit:
Price/SF
Current GRM
Market GRM
Current Cap Rate
Market Cap Rate
Units
Year Built
Building SF
Lot SF
APN
$3,500,000
$218,750
$333.87
14.76
13.42
4.00%
4.60%
16
1959
10,483
20,636
4 Parcels
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MORE INFO
PROPERTY LOCATION
TO SPEAK WITH AN AGENT,
PLEASE CALL:
ACCESS THE FULL OFFERING MEMORANDUM
Kevin Hurley - (626) 204-3456
Kevin Lutz - (626) 204-3475
Tim Chen - (626) 204-3448
Richard Reinoso - (626) 204-3468
Kelly Tran - (626) 204-3366