Claremont, CA 91711,506 N Towne Avenue

$1,500,000

$1,700,000

11.8%
Est.Price: ?

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Est. payment /mo

5 Beds

4 Baths

0.27 Acres Lot


SOLD DATE : 12/23/2024

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-20176

Sold Date 12/23/24

Bedrooms 5

HOA Y/N No

Lot Size 0.273 Acres

Property Description

This six-unit apartment building in Claremont is a standout investment opportunity, boasting a recently painted exterior that enhances its curb appeal. 4 units are renovated and vacant, ready for new tenant. One unit tenant occupied. One unit owner-occupied. Inside, four of the units have been thoughtfully renovated, featuring new flooring, fresh interior paint, and updated lighting to provide a modern and inviting living space. The property consists of a versatile unit mix, including one spacious 3-bedroom, 2-bathroom unit and five well-appointed 2-bedroom, 2-bathroom units, catering to a range of tenants. Additionally, the building is separately metered for gas and electric, offering convenience for tenants and efficiency for management. This property is a rare find, combining updates, functionality, and strong potential for income.
This six-unit apartment building in Claremont is a standout investment opportunity, boasting a recently painted exterior that enhances its curb appeal. 4 units are renovated and vacant, ready for new tenant. One unit tenant occupied. One unit owner-occupied. Inside, four of the units have been thoughtfully renovated, featuring new flooring, fresh interior paint, and updated lighting to provide a modern and inviting living space. The property consists of a versatile unit mix, including one spacious 3-bedroom, 2-bathroom unit and five well-appointed 2-bedroom, 2-bathroom units, catering to a range of tenants. Additionally, the building is separately metered for gas and electric, offering convenience for tenants and efficiency for management. This property is a rare find, combining updates, functionality, and strong potential for income.

Location

State CA

County Los Angeles

Area Claremont (91711)

Zoning Public Rec

Interior

Cooling Central Forced Air

Exterior

Exterior Feature Stucco

Parking Features Unit1:Assigned

Roof Type Rock/Gravel

Building

Lot Description Curbs, Sidewalks

Story 2

Sewer Sewer Connected

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash

Special Listing Condition Probate Sbjct to Overbid

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San Diego Regional MLS (SDMLS)
Listed by Mark MacFarlane • Vimvi California
Bought with Vendors
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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