155 N Wabash Avenue, Glendora, California 91741, Glendora, 91741 - bed, bath
ACTIVE$6,500,000$15,004/sqft
155 N Wabash Avenue, Glendora, California 91741
0Bed
0Bath
15,004Sqft
19,199Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the heart of Glendora, just two blocks from The Village and across from a city park, offering excellent walkability and access to local amenities.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 15004, other record living area = 1852.
Compared to the nearby listings
Price:$6.50M vs avg $771.5K (+$5,728,500)88%
Size:15,004 sqft vs avg 1,780 sqft88%
Price/sqft:$433 vs avg $43150%
More Insights
Built in 2017 (9 years old).
Condition: This property, built in 2017, is practically new construction. The images showcase modern, high-quality finishes throughout, including a contemporary kitchen with white shaker cabinets, light quartz countertops, stainless steel appliances, and stylish pendant lighting. Bathrooms feature similar modern vanities, solid surface countertops, and glass-enclosed showers with subway tile. Flooring is a mix of dark wood-look planks and clean, light-colored carpet and tile. All components appear virtually new, with no visible deferred maintenance, aligning perfectly with current quality standards for an 'Excellent' rating.
Year Built
2017
Close
-
List price
$6.5M
Original List price
$6.5M
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
PF26008058
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s), Neighborhood
Deck
ViewPark/Greenbelt, Mountain(s), Neighborhood
About this home
Rare opportunity to acquire these two buildings, 8 units of townhouse complex with 8 APN#.155 N Wabash Ave is positioned in the heart of Glendora. Just two blocks from the Village, across the street from the city park. The complex consists of three two-bedroom units, and five three-bedroom units. It is well maintained, fully leased and hardly had any vacancy. It is a newly built cash cow without much maintenance work to do. Glendora school district is also highly rated.
B
Bin Dai
Listing Agent
Condition Rating
Excellent
This property, built in 2017, is practically new construction. The images showcase modern, high-quality finishes throughout, including a contemporary kitchen with white shaker cabinets, light quartz countertops, stainless steel appliances, and stylish pendant lighting. Bathrooms feature similar modern vanities, solid surface countertops, and glass-enclosed showers with subway tile. Flooring is a mix of dark wood-look planks and clean, light-colored carpet and tile. All components appear virtually new, with no visible deferred maintenance, aligning perfectly with current quality standards for an 'Excellent' rating.
Pros & Cons
Pros
Prime Location: Situated in the heart of Glendora, just two blocks from The Village and across from a city park, offering excellent walkability and access to local amenities.
New Construction & Low Maintenance: Built in 2017, this newly constructed complex requires minimal immediate maintenance, reducing operational costs and capital expenditures for the investor.
Strong Income & Occupancy: The property is fully leased with a history of hardly any vacancy, indicating high demand and stable, consistent rental income, described as a 'cash cow'.
Highly-Rated School District: Located within the highly-rated Glendora school district, which is a significant draw for families and contributes to long-term property value appreciation.
Individual APNs & Investment Flexibility: Comprising 8 units with 8 separate APN#s, this offers potential future flexibility for individual unit sales (condo conversion) or continued portfolio management.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 15004, other record living area = 1852.
High Barrier to Entry (Investment Size): The $6.5 million list price represents a substantial capital outlay, which may limit the pool of potential investors to those with significant financial resources.
Limited Information on Unit Interiors/Finishes: While described as 'well maintained,' the listing lacks specific details regarding the interior finishes, upgrades, or unique features of the individual townhouse units, which could impact tenant appeal or future rent growth potential.
Absence of Shared Community Amenities: The description does not mention common area amenities such as a pool, fitness center, or clubhouse, which are often expected in modern townhouse complexes and can enhance tenant retention and rental value.