628 Marion Pl

Glendora, CA 91740

$2,900,000
Last Sold Price
3
Beds
14
Baths
7,002 Sq. Ft.
$414 / Sq. Ft.
7,002
Sq. Ft.
$414
per Sq. Ft.
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Closed 8/24/21
Closed 8/24/21

Description

628 Marion Place is a 10-unit garden-style apartment community in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and updated apartment close to the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±100,658 in a 2-mile radius, located within minutes from downtown Glendora “The Village”, and across the street from community of single-family houses. It is currently...628 Marion Place is a 10-unit garden-style apartment community in the City of Glendora, California. This offering presents a rare opportunity for investor to acquire a well located and updated apartment close to the foothill area of the San Gabriel Valley sub-market. It is in a strong demographics area with average household income of ±100,658 in a 2-mile radius, located within minutes from downtown Glendora “The Village”, and across the street from community of single-family houses. It is currently the HIGHEST CAP Rate apartment in east San Gabriel Valley, even higher CAP than much less desirable communities. The property is a 2-story apartment that was built in 1960 and situated on a 11,188 sqft lot. It offers an excellent unit mix of four (4) 2 bedroom+1 bathroom and six (6) 1 bedroom+1 bathroom units. Most of the units have been upgraded with luxury wood vinyl flooring, updated kitchen, updated bathroom, dual pane windows throughout and new windows A/C & heating units. The current rental income is below market. The property has a shared laundry room (seller own machines). Each unit is a large unit with living and dining room, upgraded with luxury wood vinyl flooring, some unit have new kitchen cabinets, granite/quartz countertops, custom-color paint, new bathroom (tiled bathtub/shower wall, new bathtub/shower sliding door, new bathroom vanity with mirror), plenty of storage cabinets, and ceiling fans in dining area and bedrooms. Each unit is individually metered for electricity and gas with its own individual water heater. The property provides 15 parking spaces which consist of 6 carport spaces and 9 open spaces. It has a shared laundry room (machines are seller own), and security camera system.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.

Property Details for 628 Marion Place

Parking Spaces Total
15
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7002
Assessor Parcel Number
8644-002-041
LISTING UPDATED: 08/26/2021 03:02 AM

Property Details for 628 Marion Place

StatusClosed
MLS #AR21123383
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyLos Angeles County
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Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By UNITED CAPITAL REALTY, JUAN COVARRUBIAS, DRE #01227114

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Building Information for 628 Marion Place

Building/Complex628 Marion PlFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1960Building Size-

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$17,841 per month

30 year fixed, 6.46% Interest

Principal and Interest

$14,603

Property Taxes

$3,238

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 628 Marion Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Operating Expense Percent: .00%
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 19673
  • Tax Census Tract: 4011.01
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac, Level with Street, Lot 10000-19999 Sqft
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 10
  • Number With Refrigerator: 0
  • Number With Disposal: 10
  • Number Wall AC: 10

Property History for 628 Marion Place

DateEvent & SourcePriceAppreciation
Aug 24, 2021

Sold

CLAW #AR21123383MR

$2,900,000—
Aug 24, 2021

Sold

CRMLS #AR21123383

$2,900,000—
Aug 24, 2021

Sold

SDMLS #AR21123383

$2,900,000—
DateEvent & SourcePrice
08/24/2021

Sold

CLAW #AR21123383MR

$2,900,000
08/24/2021

Sold

CRMLS #AR21123383

$2,900,000
08/24/2021

Sold

SDMLS #AR21123383

$2,900,000

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

Public Records for 628 Marion Place

Taxable ValueLand$1,910,174Additions$1,170,623Total$3,080,797
Tax Record2025$38,862 ($3,238 / month)
Home Facts
Total Finished SqFt7,002 SqFtAbove Grade Finished SqFt7,002 SqFtLot Size11,191 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningGDR3CountyLOS ANGELESAPN8644-002-041

Schools near 628 Marion Place

This home is within Glendora Unified School District.
Rating
School
Type
Grades
Distance
Stanton Elementary School
Public - K to 5
Sandburg Middle School
Public - 6 to 8
Glendora High School
Public - 9 to 12
Whitcomb Continuation High School
Public - 9 to 12
Rating
School
Distance
Stanton 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.

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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

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.