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930 N San Dimas Avenue, San Dimas, CA 91773

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930 N San Dimas Avenue
San Dimas, CA 91773

For Sale: $10,100,000

Property Type: Commercial Apartments
MLS#: PW18068734

  • Building Size: 27930 SF
  • Lot Size: 64111 SF
  • Number of Units: 30
  • Year Built: 1981
  • Days on market: 239
  • Cap Rate: 3.90
  • Net Operating Income: $389,425
  • Gross Scheduled Income: $599,285
  • Rent Control: No
  • GRM: 16.35
  • Contact Listing Agent Direct:
  • Doug Rodermund, Morgan Skenderian

Property Description

We are pleased to present The Villas, an upgraded 30-unit apartment complex located within the excellent rental market of the city of San Dimas. The Villas is an attractive mix of 2 & 4-bedroom units, with 22 units being 2-story townhome style units with vaulted ceilings, hardwood flooring, and upgraded kitchens & baths. Built in 1981, this property features a 2:1 parking ratio with gated garage parking, seller-owned washers & dryers in each unit, patios & balconies, a pool & spa with bbq area and a free-standing leasing office. This renovated turnkey property is within the prime San Dimas rental area with close proximity to several major universities, major freeways and airports. The property is open to new financing for a buyer. There is no rental control in San Dimas, so with savvy management a new owner can continue to push the existing rents up toward market levels to improve their return.

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930 N San Dimas Avenue, San Dimas, CA 91773

Based on information from California Regional Multiple Listing Service, Inc. as of March 30, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Doug Rodermund, Morgan Skenderian

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