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121-127 N Pennsylvania Ave
Glendora, CA 91741
Multifamily Property For Sale
·
12 Units


Executive Summary
Exceptional 12-unit investment opportunity with a vacant lot located in the highly desirable city of Glendora. Situated on nearly one acre of land, this unique property features 12 sizable, single-story cottage-style units, including an additional nearly ½-acre vacant lot offering potential for future development (buyer to verify with the City of Glendora). The unit mix consists of ten 1-bedroom, 1-bath units, one detached single-family home featuring 2 bedrooms, 1 bath, and a 1-car garage, and a second detached single-family home offering 3 bedrooms and 1.5 bathrooms. One unit—a spacious 2-bedroom, 1-bath with a 1-car garage—is currently vacant, presenting an excellent opportunity for owner occupancy or to achieve market rents. The property has been well maintained with recent capital improvements, including new roofs and upgraded electrical panels. Select units have been enhanced by previous ownership with upgrades such as dual-pane windows, copper plumbing, updated water heaters, wall heaters, window A/C units, and improved flooring. Utilities are separately metered with 12 electric meters, 12 gas meters, and 4 water meters, providing operational efficiency for ownership. The property offers ample parking, including approximately 15 open spaces, a 1-car garage, and sufficient parking to accommodate all units and detached homes. Glendora is known for its strong community appeal, and highly rated school district, making this an attractive location for long-term tenancy. This is a rare opportunity for investors to acquire a stable, income-producing asset with upside potential in a prime location.
Property Facts
| Price Per Unit | $532,937 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 3.24% | Building Size | 7,258 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Garden | Parking Ratio | 1.1/1,000 SF |
| Zoning | GDR3 | ||
| Price Per Unit | $532,937 CAD |
| Sale Type | Investment |
| Cap Rate | 3.24% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 7,258 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | GDR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $2,502 CAD | 400 |
| 2+1 | 1 | $3,406 CAD | 1,550 |
| 3+1.5 | 1 | $3,962 CAD | 1,700 |
Property Taxes
| Parcel Number | 8638-020-042 | Improvements Assessment | $1,048,789 CAD |
| Land Assessment | $3,227,053 CAD | Total Assessment | $4,275,842 CAD |
Property Taxes
Parcel Number
8638-020-042
Land Assessment
$3,227,053 CAD
Improvements Assessment
$1,048,789 CAD
Total Assessment
$4,275,842 CAD
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