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).
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
4/29/2025
|
|
YEAR BUILT
|
1952
|
COMMUNITY
|
Glendora
|
|
GARAGE SPACES
|
7.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| School District |
Glendora Unified |
| AREA |
Glendora |
| GARAGE |
Covered, Garage, Yes |
| LOT |
0.56 acre(s) |
| LOT DIMENSIONS |
160 x 160 |
| PARKING |
Covered,Garage |
| STORIES |
2 |
| VIEW |
Yes |
| ZONING |
GDR3 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Remax Commercial and Investment Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/25 8:30 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email