Multifamily

628 Marion Pl

Listing Price: $2,850,000

Cap Rate
4.11%
Number of Units
10
GRM
15.89
Occupancy
97.00%
Price/Unit
$285,000
Price/Gross SF
$407.03
Gross SF
7,002

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units and four-two bedroom/one bathroom units. The property features new windows, exterior paint, updated units and an on-site laundry room. Parking consists of six tuck-under parking spaces and open space parking. All of the units are individually metered for gas and electricity and have individual hot water heaters.

Investment Highlights

  • Updated Exterior - New Windows and Paint
  • Over 15% Rental Upside
  • One and Two Bedroom Floor Plans
  • Central Location, Near 210, 10 and 57 Freeways

Exclusively Listed By

Listing Price: $2,850,000

Cap Rate
4.11%
Number of Units
10
GRM
15.89
Occupancy
97.00%
Price/Unit
$285,000
Price/Gross SF
$407.03
Gross SF
7,002

Investment Highlights

  • Updated Exterior - New Windows and Paint
  • Over 15% Rental Upside
  • One and Two Bedroom Floor Plans
  • Central Location, Near 210, 10 and 57 Freeways

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 628 Marion Place, a 10-unit investment opportunity located in the desirable city of Glendora, California. Built in 1960, the property sits on a 11,191 square feet lot and has a building size of approximately 7,002 square feet. The building consists of six-one bedroom/one bathroom units and four-two bedroom/one bathroom units. The property features new windows, exterior paint, updated units and an on-site laundry room. Parking consists of six tuck-under parking spaces and open space parking. All of the units are individually metered for gas and electricity and have individual hot water heaters.

Exclusively Listed By

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