625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash

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

625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash
625 Wabash

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

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

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