945 E Route 66, Glendora, CA 91740
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Listed Price :
$3,750,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1955
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.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
See Remarks |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
945 E Route 66 |
| City |
Glendora |
| State |
CA |
| Zip |
91740 |
| County |
Los Angeles |
| Listing Agent |
Jeffrey Martindale DRE #01920073 |
| Co-Listing Agent |
JAMES MARTINDALE DRE #00641824 |
| Courtesy Of |
JAMES MARTINDALE, BROKER |
| List Price |
$3,750,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
35,716 |
| Year Built |
1955 |
Listing information courtesy of: Jeffrey Martindale, JAMES MARTINDALE, JAMES MARTINDALE, BROKER. *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.
