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945 E Route 66
For Sale $3,750,000
$3,750,000
- 13 Units
- Unknown Sq Ft
- 35,716 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,750,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 13 spots |
| Year Built | 1955 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 8649028006 |
| MLS # | CV23168755 |
| Property ID | 291622224 |
| Lot Sqft | 35,716 |
| Zoning | GDC_RT66SP_RSC |
| Total Units | 13 |
| Days on Market | 520 |
| Original List Price | $3,950,000 |
| Date Updated | January 13, 2025 |
| Date Created | September 18, 2023 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jeffrey Martindale an agent of JAMES MARTINDALE, BROKER. Lic #01920073
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT