Located in the heart of downtown Claremont, 309 N Cambridge Ave is a well-maintained bungalow-style triplex offering three spacious, single-story 2-bedroom/1-bathroom units across a 9,284 SF lot. Built in 1952 and spread across two buildings, the property delivers larger-than-average floor plans averaging 801 SF per unit, combining classic California character with the kind of space and livability that drives strong tenant retention. Each unit features an open living area with carpet and vinyl wood flooring, a fully equipped kitchen with a gas range, refrigerator, warm wood cabinetry and tile flooring, vertical blinds, fresh interior paint, ceiling fans and wall heating. Generous bedroom closets with upper cabinet storage add to each unit’s functionality. Three one-car garages and off-street parking serve the property, with mature landscaping and well-kept front yards — including a charming white picket fence — adding warmth and curb appeal throughout.309 N Cambridge Ave sits minutes from the Claremont Village, The Claremont Colleges and the Metrolink station, placing residents within easy reach of dining, retail and regional transit. Freeway access is direct: five minutes to the 10 Freeway and 10 minutes to the 210 Freeway, connecting tenants to both the San Gabriel Valley and the broader Inland Empire.
Property Sub Type:
Triplex
Property Attached:
Yes
Lot Area:
9,284 sq. ft.863 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1952
(Age: 74)
General Listing Location:
Claremont, 683 - Claremont
County Or Parish:
Los Angeles
Common Interest:
Community Apartment
Gross Income:
$81,480
Gross Scheduled Income:
$81,480
Net Operating Income:
$53,034
Cap Rate %:
4.24
Rent Control:
No
Total Actual Rent:
$81,480
Land Lease:
No
Gardener expense:
1460.0
Insurance Expense:
$2,250
Licenses expense:
400.0
Maintenance Expense:
$2,250
Taxes expense:
15945.0
Operating Expense:
$26,001
Other Expense:
$600
Supplies Expense:
$1,841
Trash Expense:
$1,841
Water and Sewer Expense:
$1,255
Vacancy Allowance:
$2,444
Tax Lot:
1
Tax Block:
2
Merge onto I-10 W, Take exit 47 for Indian Hill Blvd, Use the right 2 lanes to turn right onto S Indian Hill Blvd, Turn left onto W Arrow Hwy, Turn right onto S Cambridge Ave