PROPERTY SUMMARY

PROPERTY DESCRIPTION

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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.

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· 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

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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.

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SUMMARY

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Price: 

Price/Unit:

Price/SF

Current GRM

Market GRM

Current Cap Rate

Market Cap Rate

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Units

Year Built

Building SF

Lot SF

APN

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$3,500,000

$218,750

$333.87

14.76

13.42

4.00%

4.60%

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16

1959

10,483

20,636

4 Parcels