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232 Foothill Boulevard, Glendora, CA 91741
Priced at Only: $3,300,000
For more Information Call
Mobile: 714.478.6676
Address: 232 Foothill Boulevard, Glendora, CA 91741
Property Photos

Property Location and Similar Properties
- MLS#: CV25031497 ( Apartment )
- Street Address: 232 Foothill Boulevard
- Viewed: 9
- Price: $3,300,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1978
- Bldg sqft: 0
- Days On Market: 53
- Additional Information
- County: LOS ANGELES
- City: Glendora
- Zipcode: 91741
- Provided by: CB RICHARD ELLIS
- Contact: ERIC ERIC
- DMCA Notice
-
DescriptionWe are proud to present 232 E Foothill Boulevard, a charming 10 unit multifamily building located in the distinguished Hills of Glendora one of only 37 multifamily assets north of Foothill Blvd. The city of Glendora is located in the east San Gabriel Valley off of the 210 and 57 Freeways neighboring other affluent neighborhoods like the cities of La Verne and San Dimas. Tenants enjoy being a short distance away from notable venues and locations like the Dodger Stadium in LA, Santa Anita Racetrack and several malls in the West San Gabriel Valley, Victoria Gardens in Rancho Cucamonga, Top Golf and Ontario Airport in the City of Ontario, and much more. Local educational grounds include Glendora High School, Azusa Pacific University, Citrus Community College, and several grade school options. The property itself has an incredible location with a favorable walk score being just steps away from ample retail amenities in Downtown Glendora. Also, within a short 5 minute drive from the property are big name retailers like Target, Walmart, Home Depot, Trader Joes, Sprouts, Costco, Sams Club, LA Fitness, 24 Hour Fitness, In N Out, Chick Fil A, and a variety of other boutique retailers. 232 E Foothill Blvd is a 10 unit multifamily property offering 7,550 SF of rentable building area spanning across a generous 25,000 SF lot. The property consists of 6, 1 Bedroom/1 Bathroom, 2 2 Bedroom/ 1 Bathroom, and 2, 2 Bedroom/2 Bathroom units averaging 650, 900, and 950 SF, respectively. Currently, the property is producing over $251,940 in annual gross income boasting an above market CAP rate of 5.02%. With similar apartments in the area renting for an average rate of $2,100 per month, a new investor has the opportunity to still capitalize on approximately 15% upside in rents. Additional revenue can be captured via the on site laundry facility, nine single car garages, and at least nine uncovered parking spaces. A savvy investor may recognize the opportunity to capture additional revenue via ADU possibilities and via operational upside by implementing RUBS. 232 E Foothill Boulevard is a promising income producing property that offers a compelling long term investment opportunity. Situated in a highly sought after neighborhood, this property presents a stable investment option for a wide range of investors, including first time buyers, experienced professionals, and those seeking 1031 exchange benefits.
Features
Building Area Total
- 7548.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Electric Expense
- 680.00
Fuel Expense
- 455.00
Garage Spaces
- 9.00
Gardner Expense
- 3000.00
Heating
- Wall Furnace
Insurance Expense
- 7500.00
Laundry Features
- Common Area
Laundry Income
- 3699.00
Levels
- Two
Lot Features
- 6-10 Units/Acre
Netoperatingincome
- 165613.00
Newtaxesexpense
- 40951.00
Number Of Separate Electric Meters
- 10
Number Of Separate Gas Meters
- 10
Otherexpense
- 2000.00
Otherexpensedescription
- Reserves
Otherincome1
- 1662.00
Otherincome2
- 2200.00
Parcel Number
- 8638028028
Pool Features
- None
Postalcodeplus4
- 3351
Professionalmanagementexpense
- 9930.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 432033515:CRM
Spa Features
- None
Totalactualrent
- 245700.00
Totalexpenses
- 86102.00
Trash Expense
- 8268.00
Uncovered Spaces
- 7.00
Vacancyallowance
- 7785
Water Sewer Expense
- 5819.00
Water Source
- Public
Year Built
- 1978
Year Built Source
- Assessor
Zoning
- GDR3_HPOZ

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com