1113 Yale Ave - Apartments FOR SALE


Claremont, CA 91711
$2,295,000 USD
714-608-3255
1113 Yale Ave, Claremont, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/8
null | 3.63% Cap Rate

1113 Yale Ave
Claremont, CA 91711


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 / Located on Quiet Residential Street
  • Very Low Expense Property / Attractive Seller Financing Available
  • Three Homes on One Large Lot / Ample On-Site Parking
  • Newer Roofs / 1117 Yale Rebuilt in 2017
  • Substantial Upside in Rents/ Very Large Parcel with Opportunity to Add ADU's & Further Maximize Cash Flow

OVERVIEW

*** Attractive Seller Financing Available *** 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. ***Attractive Seller Financing Available***

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$657 USD /SF

# OF UNITS

3

PRICE/UNIT

$765,000

CAP RATE

3.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yale Avenue Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

-

APN/PARCEL ID

8309-008-004

ASK ABOUT THIS PROPERTY

Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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Greg BassirpouMarcus & MillichapMore Info
714-608-3255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.