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.
Sold for $1,500,000
Listed by: Vimvi California • Mark MacFarlane • Contact: 626-669-1088
Bought with: Vendors
$1,500,000
506 N Towne Ave, Claremont, CA 91711
5beds
4baths
6,288sqft
Multi Family
Built in 1964
-- sqft lot
$1,358,100 Zestimate®
$239/sqft
$3,198 Estimated rent
Home value
$1,358,100
$1.24M - $1.48M
$3,198/mo
Zestimate® history
Owner options
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$3,198/mo
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$3,198/mo
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$9,712/mo
Est. payment
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$9,712/mo
Est. payment
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List your homeWhat's special
New flooringFresh interior paintRecently painted exteriorUpdated lighting
Zillow last checked:
Listing updated:
Listed by:
Mark MacFarlane DRE #01795440 mark@vimvi.com,
Vimvi California,
Justin Fautsch DRE #02081966 626-669-1088,
Vimvi California
Bought with:
REALTOR.COM UNKNOWN
Vendors
Source: CRMLS,MLS#: P1-20176
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Rooms
- Room types: Kitchen, Living Room, Other
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Range, Refrigerator, Range Hood, Water Heater
- Laundry: Common Area, In Carport, Laundry Room
Features
- Laminate Counters, Walk-In Closet(s)
- Flooring: Laminate, Vinyl
- Has fireplace: Yes
- Fireplace features: Decorative
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,288
- Total interior livable area: 6,288 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Carport, One Space, On Street
- Carport spaces: 5
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Fencing: Average Condition,Block,Wood
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 0.27 Acres
- Features: Front Yard, Sprinklers In Front, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers On Side, Sprinkler System, Street Level
Details
- Parcel number: 8311019014
- Special conditions: Probate Listing
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Stucco
- Foundation: Slab
- Roof: Common Roof,Flat,Shingle,Tar/Gravel
Condition
- Turnkey
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s), Security Lights
- Subdivision: Not Applicable
Location
- Region: Claremont
Financial & listing details
- Price per square foot: $239/sqft
- Date on market: 12/5/2024
- Cumulative days on market: 5 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Tenant pays: Cable TV, Electricity, Gas, Telephone
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2024 | Sold | $1,500,000-11.8%$239/sqft |
Source:  CRMLS #P1-20176 Report a problem | ||
| 12/11/2024 | Pending sale | $1,700,000$270/sqft |
Source: CRMLS #P1-20176 Report a problem | ||
| 12/7/2024 | Listed for sale | $1,700,000$270/sqft |
Source: CRMLS #P1-20176 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 91711
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Nearby schools
GreatSchools rating
- 6/10Mountain View Elementary SchoolGrades: K-6Distance: 0.6 mi
- 9/10El Roble Intermediate SchoolGrades: 7-8Distance: 0.3 mi
- 9/10Claremont High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,358,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,358,100
- California
- Los Angeles County
- Claremont
- 91711
- 506 N Towne Ave
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