5820 W CLAREMONT Street, Glendale, AZ 85301 - MLS #6989878

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Description

The Claremont Apartments are a well-located 36-unit asset at 5820 W Claremont Street, in close proximity to historic Downtown Glendale. The property consists of 6 total buildings constructed in 1975 with a unit mix of (24) large 1bed-1bath units, (12) 2bed-2bath units and an average size of 780 SF. Over 75% of the units have private yards attached and the property has a leasing office and community laundry facility on-site as well. With 100% of units having been renovated in the past 24 months, the asset now features a unique operational value-add through strategic rent increases to market levels, implementation of RUBS, reduction of controllable operating expenses and improving management efficiencies to drive increased occupancy and income.

Property Features
Project Type: 25 - 50 Units
Construction: Block; Wood Frame
Const - Finish: Cement Siding; Stucco
Roofing: Composition
Floors: Laminate; Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool; Manager Res/Office
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony
Interior Features: Fire Sprinklers
Appliances Included: Built-In Electric Oven; Refrigerator; Disposal; Microwave
Heating: Forced Air
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Free
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry
Environmental: None
Contract Info
Current Price: $5,999,999
List Price: $5,999,999
Status: Active
List Date: 2026-02-26
Ownership: Fee Simple
Location Tax Legal
House Number: 5820
Compass: W
Street Name: CLAREMONT
St Suffix: Street
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 4505
County Code: Maricopa
Subdivision: WOODFORD ADDITION BLOCK 3 LOTS 110
Assessor Number: 146-09-028-B
Tax Year: 2025
General Property Description
Lot Size Dimensions: 165x535
Year Built: 1975
Uncvrd Parking Spcs: 52
Total # of Units: 36
# of Buildings: 6
Zoning: R-4
Flood Zone: No
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Remarks Misc
Cross Street: 59th Avenue & Claremont Street
Geo Lat: 33.529339
Geo Lon: -112.184823
Legal Info
Township: 2N
Range: 2E
Section: 8
Lot Number: 8
Income Expenses
Gross Annual Sch Inc: 572400
Net Operating Income: 395000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 24
Avg Rent: 1275
Avg SqFt: 720
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 12
Avg Rent: 1425
Avg SqFt: 900
# Baths: 2