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Lovely Residential Neighborhood
Upside Potential in Rents/Value Add Opportunity
643 S. Wabash Ave. Glendora,
CA 91740
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7 BATHROOMS | 5080 SQFT MLS# P1-7019 | Asking: $1,850,000 |
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| 643 S. Wabash is a 7 unit, 2-story apartment building in the city of Glendora. It is on a wonderful residential cul-de-sac street of mostly single family homes, so it is low density with plenty of on street parking. The property is located East of Glendora Blvd., and North of Colorado Blvd. It is made up of 4 two-bedroom/1 bath units and 3 one bedroom/1 bath units. Each unit has its own electrical and gas meters. There is an on-site laundry room with pay machines. There are 9 covered carport parking spaces the rear. The rents have not been raised in two years. Value add opportunity with significant upside in rent from current month-to-month rental agreements to projected market rents. Six units are on month-to-month rental agreements, and one unit is Section 8 and under contract until June 30, 2022. The property is conveniently located within minutes of downtown Glendora, The Village, shopping and transportation. | ||||
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