501 Parker Drive

Glendora, CA 91741

$1,500,000
Price
5
Beds
16
Baths
2,796 Sq. Ft.
$536 / Sq. Ft.
2,796
Sq. Ft.
$536
per Sq. Ft.

Description

First time on the market in 45 years! Don’t miss an incredible opportunity to own this fourplex apartment building built in 1955 on a quiet cul-de-sac in Glendora. Ideal single-story construction with attached garages and laundry hook ups. Mix includes three 1 bed, 1 bath and one 2 bed, 1 bath. Fully leased with an NOI of $55,813, 15.66 GRM & 3.72% Cap Rate. All rents are at market value from 2023. Some interior renovations have recently been completed. Contact agent for more information. The property...First time on the market in 45 years! Don’t miss an incredible opportunity to own this fourplex apartment building built in 1955 on a quiet cul-de-sac in Glendora. Ideal single-story construction with attached garages and laundry hook ups. Mix includes three 1 bed, 1 bath and one 2 bed, 1 bath. Fully leased with an NOI of $55,813, 15.66 GRM & 3.72% Cap Rate. All rents are at market value from 2023. Some interior renovations have recently been completed. Contact agent for more information. The property is 100% occupied. No tours will be conducted until seller has accepted an offer.
  1. Listed by CHRISTOPHER JOHNSON • DRE #01934154 • Brokerage DRE #01934154 • LEE & ASSOC COMM R E SERV/PAS • pas_admin@lee-associates.com

Property Details for 501 Parker Drive

Parking Spaces Total
8
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2796
Assessor Parcel Number
8639-027-009

Location

Listing Courtesy of LEE & ASSOC COMM R E SERV/PAS, CHRISTOPHER JOHNSON, DRE #01934154
Add your commute
LISTING UPDATED: 12/12/2023 04:24 AM

Property Details for 501 Parker Drive

StatusActive
MLS #WS23221440
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
CountyLos Angeles County

Location

Listing Courtesy of LEE & ASSOC COMM R E SERV/PAS, CHRISTOPHER JOHNSON, DRE #01934154
Add your commute

Building Information for 501 Parker Drive

Building/Complex501 Parker DrFloor-Stories1Residences-Pet Policy-Year Built1955Building Size-

Payment Calculator

$8,514 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$328

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 Parker Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $92,922
  • Gross Scheduled Income: $95,796
  • Net Operating Income: $55,813
  • Gross Multiplier: 15.66
  • Cap Rate: 3.72
Expense Details
  • Operating Expense: $37,109
  • Gardener Expense: $2,250
  • Licenses Expense: $371
  • Pest Control Expense: $960
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Maintenance Expense: $5,879
  • Other Expense: $2,253
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $37,109
Tax / Assessment Info
  • Tax Tract Number: 20122
  • Tax Census Tract: 4011.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac, Lot 10000-19999 Sqft
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Driveway
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $95,796
  • Unit Type Total Rent: $95,796
  • Unit Type Pro Forma: 95796
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 501 Parker Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Parker Drive

Taxable ValueLand$49,607Additions$180,924Total$230,531
Tax Record2023$3,934 ($328 / month)
Home Facts
Total Finished SqFt2,796 SqFtAbove Grade Finished SqFt2,796 SqFtLot Size10,753 SqFtStyleQuadraplexYear Built1955ZoningGDR3CountyLOS ANGELESAPN8639-027-009

Schools near 501 Parker Drive

This home is within Glendora Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
La Fetra Elementary School
PublicK to 5

Sandburg Middle School
Public6 to 8

Glendora High School
Public9 to 12

Whitcomb Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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501 Parker Drive is a multi-family home for sale in Glendora, CA 91741. This property was listed for sale on November 15, 2023 by LEE & ASSOC COMM R E SERV/PAS, it's currently listed at $1,500,000. This listing's school district is Glendora Unified School District. Nearby schools include La Fetra Elementary School, Sandburg Middle School and Glendora High School. 501 Parker Drive is a 5-bed, 16-bath, 2,796 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEE & ASSOC COMM R E SERV/PAS, CHRISTOPHER JOHNSON, DRE #01934154

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.