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645 Scott Pl 6 Unit Apartment Building $2,498,058 CAD ($416,343 CAD/Unit) 4.94% Cap Rate Glendora, CA 91740
Investment Highlights
- Favorable Unit Mix: 4 (1+1) 2 (2+1)
- Covered Tenant Parking
- Upside In Rents
- No Local Rent Control | Located On A Quiet Well-Maintained Cul-de-sac
- Completed SB721 With Certificate
Executive Summary
Located in the highly desirable foothill community of Glendora, this well-maintained 6-unit multifamily property presents a rare opportunity to acquire a stable asset with immediate upside in a supply-constrained rental market. The property features an attractive unit mix of two (2) spacious 2-bedroom/1-bath units and four (4) 1-bedroom/1-bath units, appealing to a broad tenant base ranging from young professionals to small families.
Situated on a quiet cul-de-sac, the property offers a serene residential setting with minimal through traffic—an increasingly sought-after amenity for tenants. The building has been well cared for, providing investors with a low-maintenance ownership profile while still offering approximately 20% rental upside, allowing for meaningful income growth through strategic lease adjustments.
Additional highlights include covered tenant parking in the rear, enhancing tenant convenience and long-term retention. Notably, the property is not subject to local city rent control, affording investors greater flexibility in achieving market rents and optimizing returns.
Situated on a quiet cul-de-sac, the property offers a serene residential setting with minimal through traffic—an increasingly sought-after amenity for tenants. The building has been well cared for, providing investors with a low-maintenance ownership profile while still offering approximately 20% rental upside, allowing for meaningful income growth through strategic lease adjustments.
Additional highlights include covered tenant parking in the rear, enhancing tenant convenience and long-term retention. Notably, the property is not subject to local city rent control, affording investors greater flexibility in achieving market rents and optimizing returns.
Property Facts
| Price | $2,498,058 CAD | Property Subtype | Apartment |
| Price Per Unit | $416,343 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.94% | Lot Size | 0.17 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,176 SF |
| Gross Rent Multiplier | 12.41 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Zoning | R3 | ||
| Price | $2,498,058 CAD |
| Price Per Unit | $416,343 CAD |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.41 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,176 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | 800 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8644-002-050 | Improvements Assessment | $513,498 CAD |
| Land Assessment | $855,836 CAD | Total Assessment | $1,369,333 CAD |
Property Taxes
Parcel Number
8644-002-050
Land Assessment
$855,836 CAD
Improvements Assessment
$513,498 CAD
Total Assessment
$1,369,333 CAD
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645 Scott Pl
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