945 E Route 66

Glendora, CA 91740

PRICE REDUCED

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-$200,000 (-5.06%)

$3,750,000

List Price

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1955

calendar_month Built

Property Description

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.

Listing Information

List Price $3,750,000
Status Active
MLS CV23168755
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1955
Lot Size 35,716
Structure Size N/A
DOM 429
Courtesy Of JAMES MARTINDALE, BROKER
Listing Agent Jeffrey Martindale DRE#01920073
Co-Listing Agent JAMES MARTINDALE DRE#00641824

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material See Remarks
Fireplace Information
Features None
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Jeffrey Martindale, JAMES MARTINDALE, JAMES MARTINDALE, BROKER 626-327-7101. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 1:03 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.