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.
Listing Courtesy of CRMLS / Listed By: Cesar Carrillo, Coldwell Banker Realty
$519,000 (USD)
Los Angeles Area Townhome
Active
716 New Depot B Los Angeles, CA 90012
2 Bed
2 Baths
802 sqft
MLS# AR26136126
Welcome to 716 New Depot St, Unit B, situated in the Chinatown district of Los Angeles. This well-located residence offers the perfect blend of urban convenience and comfortable living, with easy access to Downtown LA, Dodger Stadium, local restaurants, shopping, and public transportation. The interior has been freshly repainted and features new laminate flooring throughout, along with new carpet on the staircase and upstairs hallway. The spacious layout includes two well-sized bedrooms, offering comfortable accommodations with ample space for relaxation, a home office, or guests. Enjoy the excitement and culture of city living while being just minutes from some of Los Angeles’ most popular destinations. With its updated interior, prime location, and convenient access to everything LA has to offer, this home is a wonderful opportunity to experience the best of urban living.
Listing Courtesy of CRMLS / Listed By: Cesar Carrillo, Coldwell Banker Realty