$5,999,999
Glendale, AZ 85301
MLS# 6989878
1 / 19
Property 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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $5,999,999
List Price: $5,999,999
Status: Active
List Date: 2026-02-26
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): WOODFORD ADDITION TO GLENDALE MCR 2/54 N2 N2 LOT 8 BLK 3 E 459.8F TH/OF EX P/D 9462/457
Assessor's Parcel #: 28
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92900
Taxes: 14585
Legal: WOODFORD ADDITION TO GLENDALE MCR 2/54 N2 N2 LOT 8 BLK 3 E 459.8F TH/OF EX P/D 9462/457
Marketing Name: The Claremont Apartments
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
# of Buildings: 6
Uncvrd Parking Spcs: 52
Lot Size Dimensions: 165x535
Flood Zone: No
Total # of Units: 36
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1975
Zoning: R-4
Legal Info
Range: 2E
Section: 8
Township: 2N
Lot Number: 8
Project Type
25 - 50 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Cement Siding: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 14585
Other Income: 24300
Vacancy Allowance: 0.07
Adjusted Gross Inc: 554931
Pmt & Rate Info
Cap Rate: 6.58
Equity: 5999999
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Manager Res/Office: 1
Heating
Forced Air: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Fire Sprinklers: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Road Responsibility
Private Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
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
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 59th Avenue & Claremont Street
Geo Lat: 33.529339
Geo Lon: -112.184823
Income Expenses
Gross Annual Sch Inc: 572400
Net Operating Income: 395000
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
Listing Office: Orion Investment Real Estate
Last Updated: February - 26 - 2026
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