$5,999,999
Glendale, AZ 85301
MLS# 6989878
1 / 24
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
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 - 27 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
