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Multifamily

Yale Avenue Homes

1113 N Yale Ave, Claremont, CA 91711

Listing Price: $2,345,000

Cap Rate
2.73%
Number of Units
3
GRM
23.40
Price/Unit
$781,667
Price/Gross SF
$671.15
Gross SF
3,494

Investment Overview

Rare, City of Claremont, investment opportunity consisting of three separate, individual homes on one large 13,317 square foot lot. Located at 1113, 1115, 1117 N. Yale Avenue, the unit mix is comprised of (1) four bedroom/ two bath house, (1) three bedroom/ two bath house, and (1) two bedroom/ one bath house. Each home has its own individual access and private yard, along with additional space for relaxing and entertaining guests. All buildings are separately metered for water, gas, and electricity. There is ample parking on the lengthy driveway with an additional three-car garage and driveway parking in the rear.

Located within walking distance (three blocks) from The Claremont Colleges, “a unique consortium of seven affiliated institutions that also includes Claremont Graduate University, Scripps College, Claremont
McKenna College, Harvey Mudd College, Pitzer College, and Keck Graduate Institute of Applied Life Sciences.”

Claremont is known for its many educational institutions, its tree-lined streets, and its historic buildings. The city is primarily residential, with a significant portion of its commercial activity revolving around “The Village”, a popular collection of street-front small stores, boutiques, art galleries, offices, and restaurants adjacent to and west of the Claremont Colleges.

Investment Highlights

  • Rare Claremont Investment Opportunity in AAA Location
  • First Time on the Market in 25+ Years
  • Walking Distance to "The Claremont Village", Metro Link, & Claremont Colleges
  • Very Low Expense Property
  • Three Homes on One Large Lot / Ample On-Site Parking
  • Located on Quiet Residential Street
  • Newer Roofs / 1117 Yale Rebuilt in 2017
  • Substantial Upside in Rents / Very Large Parcel with Opportunity to Add ADU's & Further Maximize Cash Flow

Exclusively Listed By

Financing By

Multifamily

Yale Avenue Homes

Listing Price: $2,345,000

Cap Rate
2.73%
Number of Units
3
GRM
23.40
Price/Unit
$781,667
Price/Gross SF
$671.15
Gross SF
3,494

Investment Highlights

  • Rare Claremont Investment Opportunity in AAA Location
  • First Time on the Market in 25+ Years
  • Walking Distance to "The Claremont Village", Metro Link, & Claremont Colleges
  • Very Low Expense Property
  • Three Homes on One Large Lot / Ample On-Site Parking
  • Located on Quiet Residential Street
  • Newer Roofs / 1117 Yale Rebuilt in 2017
  • Substantial Upside in Rents / Very Large Parcel with Opportunity to Add ADU's & Further Maximize Cash Flow

Investment Overview

Rare, City of Claremont, investment opportunity consisting of three separate, individual homes on one large 13,317 square foot lot. Located at 1113, 1115, 1117 N. Yale Avenue, the unit mix is comprised of (1) four bedroom/ two bath house, (1) three bedroom/ two bath house, and (1) two bedroom/ one bath house. Each home has its own individual access and private yard, along with additional space for relaxing and entertaining guests. All buildings are separately metered for water, gas, and electricity. There is ample parking on the lengthy driveway with an additional three-car garage and driveway parking in the rear. Located within walking distance (three blocks) from The Claremont Colleges, “a unique consortium of seven affiliated institutions that also includes Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College, and Keck Graduate Institute of Applied Life Sciences.” Claremont is known for its many educational institutions, its tree-lined streets, and its historic buildings. The city is primarily residential, with a significant portion of its commercial activity revolving around “The Village”, a popular collection of street-front small stores, boutiques, art galleries, offices, and restaurants adjacent to and west of the Claremont Colleges.

Exclusively Listed By

Financing By

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