Description

ATTRACTIVE SELLER FINANCING! We are pleased to present a remarkable opportunity to own in Glendora, being offered for sale for the first time in nearly three decades. Featuring three contiguous properties in a prime north Glendora location situated North of Foothill Blvd. Attractive seller financing with 30% down at 6.00% interest only rate for 10 years! A true pride of ownership property which has been Family owned and operated for over 27 years. This sale includes 3 separate lots combined as nine spacious units and a vacant land with an excellent unit mix of six 2-bedroom cottage style units and three 1-bedroom units. The first property (on the far left side) is 121 North Wabash Avenue (with APN 8638-013-029), consisting of 3-units, featuring (two) 2-bedroom 1-bath cottage style units and (one) 1-bedroom 1-bath unit above the garage, totaling 2,111 sq.ft. situated on a 5,321 sq.ft. lot. The second property (in the middle) is 123 North Wabash Avenue (with APN 8638-013-014) consisting of a 6,402 sq.ft. vacant lot zoned GDR3. The third property (on the far right side) is 131 North Wabash Avenue (with APN 8638-013-013), consisting of 6-units, featuring (four) 2-bedroom 1-bath cottage style units and (two) 1-bedroom 1-bath units above the garage, totaling 4,098 sq.ft. situated on a 12,802 sq.ft. lot. This listing features a garden style courtyard layout with on-site parking and separate laundry room procuring additional income. The three properties totals to 24,525 square feet lot zoned GDR3 & CCAPT-4, plenty of multiple ADU opportunities. With outstanding development possibilities, you can build out on the vacant lot. Current units have rental upside potential of +/- 62%. Situated in Glendora's Civic Center Plan (30 units per acre). Potential high density condominium development and just two blocks from shopping and dining in Downtown Glendora, and within a 1/2 mile of the new Lightrail (AB2047). This property is only subject to the statewide AB1482 rent ordinance which is currently 8.9% (no local rent control).