506 North Towne Avenue

Claremont, CA 91711

$1,500,000
Last Sold Price
—
Beds
6,288 Sq. Ft.
$239 / Sq. Ft.
6,288
Sq. Ft.
$239
per Sq. Ft.

Description

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...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.
  1. Listed by Mark E MacFarlane • DRE #01795440 • Vimvi California
  2. Listed by Justin C Fautsch • DRE #02081966 • Vimvi California

Property Details for 506 North Towne Avenue

Subdivision Name
Not Applicable
Garage Spaces
.00
View
Mountain(s), Neighborhood
LISTING UPDATED: 12/23/2024 10:36 AM

Property Details for 506 North Towne Avenue

StatusClosed
MLS #P1-20176
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.27 AC / 11,900 SF
CountyLos Angeles County

Building Information for 506 North Towne Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.27 AC / 11,900 SF

Property Information for 506 North Towne Avenue

Summary
Location and General Information
  • Building Area Total: 6,288.00
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
  • City: Claremont
  • Direction Faces: West
  • Directions: From 210 Fwy Exit Towne AveTake Towne SouthMake U-Turn on Harrison Ave\Property on RightFrom 10 Freeway Exit Towne AveTake Towne NorthPass Harrison AveProperty on Right
  • Area: 683 - Claremont
  • Postal Code Plus4: 4111
  • Road Surface Type: Alley Paved, Paved
  • Unparsed Address: 506 North Towne Avenue, Claremont, CA 91711
Parking
  • Parking Features: Parking Space, Street, Assigned, Carport
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $540.00
  • Tax Tract: 27914
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers, Front Yard, Landscaped, Lawn, Level, Level with Street, Near Public Transit, Rectangular Lot, Sprinkler System, Sprinklers In Front, Sprinklers On Side
  • Lot Size Acres: .27
  • Lot Size Square Feet: 11,900.00
  • Lot Size Area: 11,900.00
  • Lot Size Units: Square Feet
  • Parcel Number: 8311019014
  • Road Frontage Type: City Street
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: 2+ Common Walls
  • Documents Count: 0
  • New Construction: No
  • Property Attached: Yes
  • Property Condition: Turnkey
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Sewer: Public Sewer, Sewer Paid
  • Utilities: Cable Available, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Frame
  • Exterior Features: Lighting, Satellite Dish
  • Fencing: Average Condition, Wood, Block
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Private: No
  • Roof: Common Roof, Tar/Gravel, Shingle, Flat
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Resident Manager, Security Lights
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: Dishwasher, Gas Range, Water Heater Central, Range Hood, Refrigerator
  • Total Bathrooms: 0
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl
  • Heating: Central
  • Heating: Yes
  • Interior Features: Laminate Counters
  • Laundry Features: Community, In Carport, Individual Room
  • Living Area: 6,288.00
  • View: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $13,200.00
  • Net Operating Income: $13,200.00
  • Insurance Expense: $.00
  • Number Of Buildings: 1
  • Operating Expense: $.00
  • Special Listing Conditions: Probate Listing
  • Trash Expense: $.00
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Property History for 506 North Towne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 North Towne Avenue

Taxable ValueLand$28,572Additions$148,759Total$177,331
Tax Record2024$5,605 ($467 / month)
Home Facts
Total Finished SqFt6,288 SqFtAbove Grade Finished SqFt6,288 SqFtLot Size11,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningCLRM2000*CountyLOS ANGELESAPN8311-019-014

Schools near 506 North Towne Avenue

This home is within Claremont Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Mountain View Elementary School
PublicK to 6

El Roble Intermediate School
Public7 to 8

Claremont High School
Public9 to 12

Danbury Special Education School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vimvi California, Mark E MacFarlane, DRE #01795440; Vimvi California, Justin C Fautsch, DRE #02081966

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.