
Glendora, California 91741
Analysis of 121 N Pennsylvania Avenue, Glendora, California 91741 is currently available with a list price of $4,600,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Glendora Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1959, is well-maintained with significant recent capital improvements including new roofs and upgraded electrical panels. While select units have received updates to flooring and windows, the overall complex retains its original mid-century infrastructure. The condition is functional and move-in ready for tenants, but it lacks the comprehensive, high-end modern renovations required for a higher score, and the interiors likely show signs of age consistent with a 'fair' rating for a 65-year-old multi-unit asset.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41427, living area = 7262.
The property includes a nearly 1/2-acre vacant lot on a total one-acre parcel, providing a rare and significant opportunity for future expansion or additional residential development in a high-demand area.
Utilities are separately metered for gas and electricity across all 12 units, and the asset features recent capital improvements including new roofs and upgraded electrical panels, reducing immediate owner oversight and expenses.
Originally constructed in 1959, the property may require ongoing capital expenditure to modernize older plumbing and interior finishes that have not yet been upgraded to contemporary standards.
The spread-out nature of 12 cottage-style units and detached homes across a large lot requires more intensive property management and landscaping maintenance compared to a centralized apartment building.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 3% |
| Square foot | 7,262 | 1,824 | 99% |
| Lot Size | 41,427 | 10,163 | 96% |
| Price | $4.60M | $1.05M | 99% |
| Price per sq ft | $633 | $568 | 71% |
| Built year | 1959 | 1958 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 189 | 2% |
Apr 13, 2026
$4,600,000
Initial Listing
Jul 29, 2016
$2,650,000
Public Record
Mar 31, 2014
$2,500,000
Public Record
Sep 1, 2006
$1,600,000
Public Record