This is an amazing value add opportunity. Recent zoning changes have removed development barriers to this property, enabling the addition of approximately 11 residential units without displacing the current tenants. Aside from future development, it is an excellent opportunity to purchase a stable multi-family and commercial investment property. Located in central Glendora on the historical Route 66, this property has been professionally managed and consistently maintained/upgraded. Its location is convenient to shopping and restaurants, with the residential units being set back from the main street. The 13 unit property consists of long term tenants in twelve large 1BD/1BA units (six duplexes) on a large lot, an approx 1550 sf single tenant office building that is leased to a national tenant, and 13 private garages. Front office building built in 1927 and residential units built in approx 1955. Most units have a private yard or private patio and each unit has a private garage and one reserved parking spot. Three units have been completely renovated with improvements that include new range/oven, laminate flooring, kitchen cabinets, quartz counters, bathrooms, and windows. Five units have been partially renovated with improvements that include new flooring and windows. Four units have not been renovated. All units have been upgraded with copper plumbing.
Property Details
Price:
$3,750,000
MLS #:
CV23168755
Status:
Active
Baths:
0
Address:
945 E Route 66
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
629glendora
City:
Glendora
Listed Date:
Sep 18, 2023
State:
CA
ZIP:
91740
Lot Size:
35,716 sqft / 0.82 acres (approx)
Year Built:
1955
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
See Remarks
Interior Features
Ceiling Fan(s)
Exterior
Community Features
Curbs, Foothills, Sidewalks
Fencing
Wood
Garage Spaces
13.00
Lot Features
Rectangular Lot
Parking Features
Assigned, Asphalt, Garage, Parking Space
Parking Spots
38.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Telephone
Map
Community
- Address945 E Route 66 Glendora CA
- Area629 – Glendora
- CityGlendora
- CountyLos Angeles
- Zip Code91740
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Courtesy of JAMES MARTINDALE, BROKER. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
945 E Route 66
Glendora, CA
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