232 E Foothill Boulevard

Glendora, CA 91741

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,548 Sqft
  • 24657
    Sqft(Lot)
$3,300,000

Description

We 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, sam’s 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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48597636

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1978
    • Building Area Total: 7,548

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.566
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 24657

  • Listing Price Information

    • Original List Price: 3,300,000
    • Listing Contract Date: 2025-02-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8638028028

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 629 - Glendora
    • Postal Code Plus 4: 3351
    • Directions: Merge onto I-10 W, Merge onto CA-57 N toward Interstate 210 Fwy, Take exit 25A for Auto Centre Dr, Turn left onto Auto Centre Dr, Use the left 2 lanes to turn left onto Historic Rte 66 W, Turn right onto S Loraine Ave, Turn left onto E Foothill Blvd
    • Zoning: GDR3_HPOZ
    • Source Property Type: Residential Income
    • Area: 629 - Glendora
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 47
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 07:11

  • MLS: CV25031497
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,548 sqft, 24,657 sized lot, and 9 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Glendora , in zip code 91741, this Los Angeles County Home are nearby neighborhoods.