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Lovely Residential Neighborhood

Upside Potential in Rents/Value Add Opportunity

Elfyer - Glendora, CA House - For Sale
Elfyer - Glendora, CA House - For Sale
Elfyer - Glendora, CA House - For Sale
Elfyer - Glendora, CA House - For Sale
Elfyer - Glendora, CA House - For Sale
Elfyer - Glendora, CA House - For Sale
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.
  • 7 Units
  • 3= 1 bed/1/bath
  • 8 Gas Meters
  • On-site Laundry
  • 4= 2 bed/1 bath
  • 9 Covered Carport Spaces
  • 8 Electric Meters
MLS: P1-7019
Sq Ft: 5080
Yr Built: 1961
Baths: 7
Pool: No
Parking: 2+ Car Carport
Asking: $1,850,000
Property Address
643 S. Wabash Ave.
Glendora, CA
91740
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Dick Davis
626-294-2901
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Lic#: CalBre #00675908
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Cornerstone Real Estate Services
225 E. Santa Clara St. 
Suite # 310
  Arcadia, CA 91006
626-294-2901


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