1113 Yale Avenue, Claremont, California 91711, Claremont, 91711 - bed, bath

1113 Yale Avenue, Claremont, California 91711 home-pic-0
ACTIVE$1,995,000
1113 Yale Avenue, Claremont, California 91711
0Bed
0Bath
3,494Sqft
13,317Lot
Year Built
2017
Close
-
List price
$2M
Original List price
$2.29M
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
OC24233096
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.00M(60th), sqft - 3494(60th), beds - undefined(50th), baths - undefined(50th).

Rare, City of Claremont, investment opportunity consisting of three separate, individual homes on one large 13,317 square foot lot. Located at 1113, 1115, 1117 N. Yale Avenue, the unit mix is comprised of (1) four bedroom/ two bath house, (1) three bedroom/ two bath house, and (1) two bedroom/ one bath house. Each home has its own individual access and private yard, along with additional space for relaxing and entertaining guests. All buildings are separately metered for water, gas, and electricity. There is ample parking on the lengthy driveway with an additional three-car garage and driveway parking in the rear. Located within walking distance (three blocks) from The Claremont Colleges, “a unique consortium of seven affiliated institutions that also includes Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, and Keck Graduate Institute of Applied Life Sciences.” Claremont is known for its many educational institutions, its tree-lined streets, and its historic buildings. The city is primarily residential, with a significant portion of its commercial activity revolving around “The Village”, a popular collection of street-front small stores, boutiques, art galleries, offices, and restaurants adjacent to and west of the Claremont Colleges.

Nearby schools

8/10
Sycamore Elementary School
Public,K-60.2mi
6/10
El Roble Intermediate School
Public,7-80.7mi
9/10
Claremont High School
Public,9-120.6mi
Condition Rating
Excellent

The property was built in 2017, making it only 7 years old. This falls well within the 'Excellent' criteria for properties built within 10 years. While interior images of kitchens and bathrooms are not provided, the recent construction year strongly indicates modern amenities, fixtures, and overall excellent condition with minimal wear and tear, meeting current quality standards. The MLS description also highlights 'Modern Construction' as a key strength.
Pros & Cons

Pros

Great Schools: High School: Claremont High School (9/10).
Prime Investment Opportunity & Configuration: A rare triplex offering three separate, individual homes on one large 13,317 sq ft lot, specifically designed for income generation in a desirable market.
Exceptional Location: Located within three blocks walking distance to The Claremont Colleges, ensuring strong rental demand from students and faculty, and close proximity to 'The Village' commercial area.
Modern Construction: Built in 2017, indicating newer infrastructure, modern amenities, and potentially lower immediate maintenance and repair costs compared to older properties.
Operational Efficiency & Tenant Appeal: All units are separately metered for water, gas, and electricity, and each home has its own individual access and private yard, enhancing operational efficiency for the owner and appeal for tenants.
Abundant Parking: Ample parking is available on a lengthy driveway, complemented by a three-car garage and additional driveway parking in the rear, a significant advantage for a multi-unit property in a college town.

Cons

Significant Price Reduction & Extended Market Time: The property has undergone a substantial price reduction from $2.295M to $1.995M and has been on the market since November 2024, suggesting potential market resistance or an initial overvaluation.
Management Complexity of Multiple Units: While offering income potential, managing three separate residential units, each with its own access and yard, can present increased management demands and potential for higher cumulative maintenance issues compared to a single-family rental.
Limited Interior Detail in Description: The listing lacks specific details regarding the interior finishes, amenities, or recent upgrades within each unit, which could leave potential buyers uncertain about the current condition and appeal to prospective tenants beyond the new construction aspect.

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