5820 W CLAREMONT Street, Glendale, AZ 85301

$5,999,999

Property Type: Multiple Dwellings Status: Active

Current Price: $5,999,999 Last Modified: 2/27/2026

Overview

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.

Listing Details MLS# 6989878

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
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

Contract Info

Ownership: Fee Simple

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

Legal Info

Township: 2N
Range: 2E
Section: 8
Lot Number: 8

Income Expenses

Gross Annual Sch Inc: 572400
Net Operating Income: 395000

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Phone Call: Yes

1 Bedroom Units

# 1 Bedroom Units: 24
Avg Rent: 1275
Avg SqFt: 720
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 12
Avg Rent: 1425
Avg SqFt: 900
# Baths: 2

Project Type

25 - 50 Units: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Cement Siding: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Laminate: Yes
Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Manager Res/Office: Yes

Heating

Forced Air: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes

Interior Features

Fire Sprinklers: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Built-In Electric Oven: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Road Responsibility

Private Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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