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200 North Minnesota Avenue, Glendora, CA 91741

66,018 SqFt Lot

$9,150,000
MLS# NP15146123
200 North Minnesota Avenue Glendora, CA 91741 photo 1
$9,150,000
Status: Closed Sale
MLS# NP15146123

200 North Minnesota Avenue,
Glendora, CA 91741

66,018 SqFt Lot

Listing Description for 200 North Minnesota Avenue

First time ever on market. See marketing flyer for bid date. This offering represents a unique opportunity to acquire a one of a kind "larger"owner-developed multifamily apartment asset in the very desirable and re-gentrifying city of Glendora. Seller will consider accepting an offer prior to the Bid Date, and encourages all potential investors to submit. Parkview North consists of 34 apartment homes featuring six large, unique floor plans; these spacious units range in size from 648 to approximately 1,300 sq ft. There are (4) 1bed/1ba; (28) 2bed/2ba; and (2) large 3bed/2ba units. The Parkview North offering is an apartment complex with immediate attainable rental upside, awarding the astute investor with a very solid, long-term growth asset. The property features a massive, private, interior landscaped courtyard with a swimming pool, two on-site laundry facilities, a large owners storage and tool room/workshop. Each unit is separately metered for electricity, and each has their own individual electric hot water. The surrounding area boasts pristine and manicured properties, views of the foothills and a charming downtown area. Financial info is proforma, rents are approx. 16+% under market.

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Sold on 2015-10-19 00:00:00
If you would like more information about properties for sale in Glendora, or are interested in touring the listing at 200 North Minnesota Avenue, feel free to contact us. A LivingSoCal Realtor specializing in Glendora will respond promptly to your inquiry.

Listing Details for 200 North Minnesota Avenue:

Key Facts

Sale Price: $9,150,000
Property Type: Residential Income
Status:Closed Sale
Days on Market:27
Lot Size:66,018 SqFt
Year Built:1965

Location

Area: 629 - Glendora
Builder Tract:

Features

Pool: Community Pool, Heated with Gas
View: Mountain, Neighborhood, Park Or Green Belt, Pool, Trees/Woods
Floors: Wall-To-Wall Carpet
Cooling: Wall Window
Parking Spaces: 60
Heating: Radiant
Location: 16-20 Units/Acre
Plumbing: Sewer Connected, Sewer In Street
Interior Misc: Built-Ins, Living Room Balcony, Open Floor Plan, Storage Space, Unfurnished
Closing Date: 2015-10-19 00:00:00
Roof: Composition, Shingle
Exterior Construction: Stucco

Legal Conditions

Special Conditions:Standard

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Listing courtesy of Berkadia Real Estate Advisors, Steven Brombal (Newport);

If you would like more information on MLS Listing NP15146123 for 200 North Minnesota Avenue, Glendora, CA 91741, please feel free to contact us. A LivingSoCal Realtor in Glendora will be happy to answer any questions about this Residential Income property and assist you in scheduling a private showing.

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