425 W Bonita Avenue
San Dimas, CA 91773
0.90 acres | #AR24202592
Description
We are excited to present a bulk sale opportunity for 17 well-maintained commercial condos located in the prestigious Plaza Del Rancho building at 425 W Bonita Avenue, San Dimas, CA 91773. This property is situated in a highly sought-after area of San Dimas, which is currently undergoing significant development, including the construction of a new Gold Line train station nearby. This upcoming transit improvement is expected to greatly enhance connectivity and ease of commute, making the property even more attractive to potential tenants and investors.
The Plaza Del Rancho building has been meticulously maintained by the current owner, who has ensured that all necessary repairs have been completed to keep the building in great condition. The owner has also managed building expenses effectively, keeping them to a minimum while setting rental rates at market-reasonable levels. This strategic approach helps to optimize profitability and ensures that the units remain competitive in the market.
This portfolio sale represents a unique investment opportunity in a growing and strategically located area. The combination of well-maintained units, relatively low operating expenses, and the anticipated benefits of nearby transit improvements make this property a valuable asset for investors seeking stable returns and future growth potential.
Property Details
- Lot DescriptionRectangularLot
- CountyLos Angeles
- Original List Price$2,950,000
- MLS #AR24202592
- MLS #AR24202592
- Property TypePurchase
- Cost2950000
- Acres0.9016
- Utility SourcePublic
- Property SubtypeOffice
- Year Built1980
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Samuel Flores Reyes (#AR40775)
Listing Office: PureMotive Realty Inc. (#31190)
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