Well-Maintained 7-Unit Apartment
424 E Ada Avenue, Glendora, CA 91741
New
Apartment - Glendora, CA
Type:Apartment
Property size:
7,789 SFLot size:
19,478.00 AcresPrice / SF:
$307/SF- Added:
- May 28, 2026
- Days on Market:
- 2
- Last Refresh:
- May 29 at 6:06 pm
Property Features for 424 E Ada Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- GDR2
- Bedrooms
- 16
- Bathrooms
- 13
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Living Room
- Parking
- 14
- Parking features
- Driveway, Garage, Paved or Surfaced
- Interior features
- None, Carbon Monoxide Detector(s)
- Exterior features
- Community Features Included: Valley, Curbs, Suburban, Corner Lot, Level With Street, Landscaped, Rectangular Lot, Front Yard, Sprinkler System, Lawn
- Standard status
- Active
- APN
- 8639009025
- Size
- 7,789 SF
- Lot size
- 19,478.00 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Frame, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Phyllis Fritz License #00837019 (626) 429-5536
Listing office HILL TOP REAL ESTATE 223 N. GLENDORA AVE. STE. B, Glendora, CA (626) 335-8118
Listing date May 28, 2026
MLS# CV26111107
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Stable investment opportunity in a desirable Glendora location with high tenant retention.
- Seven‑unit complex with ample parking: 6 garages (including one 2‑car) and 11 additional spaces.
- Units feature private patios (A, B, C, & D), individual washer/dryer hookups (except G), central AC/heat, and private meters.
- Recently replaced roof and a vacant unit is fully renovated (painted, new flooring, new light fixtures).
- Excellent location: walking distance to Glendora's Rec Park, The Village, Library, Train Station, and shopping.
- Convenient access to the 57 and 210 Freeways, Citrus College, APU, Glendora Unified Schools, and private schools.
Overview
This well-maintained 7-unit apartment complex presents an investment opportunity in Glendora's residential community. The family-owned complex features ample parking, including 6 garages (one two-car attached to Unit A, and six single-car) plus 11 additional parking spaces, two of which are tandem. Mature landscaping and a sprawling front lawn enhance the building's curb appeal. Units A, B, C, and D each have private patio areas. All units except G are equipped with washer and dryer hook-ups, central air, central heat, and private meters. High tenant retention makes this complex a potentially valuable asset for investors. The roof has been recently replaced, and the vacant unit has been painted with new flooring and light fixtures installed. The property is within walking distance of Glendora's Rec Park, the Village with its restaurants and boutiques, the Library, the Train Station, and shopping. It also offers quick access to the 57 and 210 Freeways, Citrus College, APU, and Glendora Unified Schools. Several private schools are also nearby, including St. Lucy's, Foothill Christian, and St. Dorothy's. The property is situated on a lot of approximately 0.45 acres with a building size of 7,789 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.7k | $31.80 |
| − Vacancy | −$19.8k | −$2.54 |
| EGI | $227.9k | $29.26 |
| − OpEx | −$102.5k | −$13.17 |
| NOI | $125.3k | $16.09 |
7,789 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,331 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $291,914 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Glendora
- County
- Los Angeles
- State
- California
- Longitude
- -117.860393
- Latitude
- 34.132359
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stable Glendora residential community, ample parking, high tenant retention.
Where is this apartment building located?
The property is located at 424 E Ada Avenue Glendora, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Stable investment opportunity in a desirable Glendora location with high tenant retention.; Seven‑unit complex with ample parking: **6 garages (including one 2‑car) and 11 additional spaces.**; Units feature **private patios (A, B, C, & D), individual washer/dryer hookups (except G), central AC/heat, and private meters.**
