Est. cap rate

4.9%

Assumed rent, all units

$5,260/mo

Units

2

Price per unit

$325,000

Est. annual NOI

$31,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

3

Bathrooms

2

Building size

1,948 sqft

Lot size

6,111 sqft

Year built

1954

Stories

1

Garage spaces

0

Style

Ranch

Heating

Central

Cooling

Central Air

Pool

None

View

Mountain(s)

Status

Active

Days on market

1

MLS #

247570287

About this property

This is your unique opportunity to get into a beautiful home on a quiet street in the acclaimed Glendora Unified School District with an ADU and build sweat equity. A condensate line leak from the A/C caused the living room ceiling to cave in, so the living room, dining room, part of the kitchen, and part of the hallway were stripped of flooring and drywall during the remediation process. You can customize it to your taste and make the interior as beautiful as the exterior. The bedrooms and part of the hallway still feature beautiful, original oak flooring, giving you the opportunity to continue it into the living and dining rooms. On top of the sweat-equity potential, the property has a 400-SF studio ADU with estimated market rent of $1,650 to $1,800 a month. The huge bonus room creates a lot of options: The cozy brick fireplace makes it a great family room while a separate entrance and generous closets with mirrored doors give it potential as a 4th bedroom or a junior ADU. Dual-paned windows help keep you comfortable in all seasons, and the plantation shutters are both classy and functional. The generous back yard provides a perfect space for relaxing and grilling with friends and family, and the gated driveway offers added security. With a long driveway behind a brand-new, solar-powered motorized gate, there is plenty of flexibility for RV, boat, or additional vehicle parking. You'll love this convenient location! Stanton Elementary is about 1/3 of a mile away, and you can eat, shop, workout at the gym, and catch a movie all within about one mile. Easy access to the 210 freeway via Grand Avenue means less time driving and more time living life. The square footage is calculated as follows: 1,080 SF original house per building permit, 468 SF permitted covered patio (later enclosed to create the bonus room), 400 SF garage conversion to ADU (permitted per seller). Buyer to independently verify square footage, permits, and permitted uses. Interior photos are available on request. Don't let this one get away!

Location

920 S Briargate Lane

Glendora, Los Angeles, CA, 91740