Active
945 E Route 66
GLENDORA CA, 91740
$3,750,000
$433.23 per sqft
Active
13 Beds
11 Baths
8,656 sqft
Multi-family
Built in 1955
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.
CV23168755MR
MLSⓇ ID
October 2, 2023
Listed
November 22, 2024
Updated
Map
945 E Route 66
GLENDORA CA, 91740
Interior Features
Total Stories
1
Bedrooms
13
Total Bathrooms
11
Laundry Description
None
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.82 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Glendora
Days on Market
394
Garage
Yes
Garage Spaces
13
Parking
Assigned, Garage, Parking Space
Parking Total
38
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
GDC_RT66SP_RSC
Listed by Jeffrey Martindale with JAMES MARTINDALE, BROKER
Listing Contact: 626-327-7101
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024