$3,750,000
945 E Route 66 Glendora, CA 91740
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$3,750,000
Est. payment /mo
8,656 SqFt
UPDATED:
10/30/2024 10:36 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,656 sqft
Price per Sqft $433
MLS Listing ID CRCV23168755
HOA Y/N No
Year Built 1955
Lot Size 0.820 Acres
Acres 0.82
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
Location
State CA
County Los Angeles
Area Listing
Zoning GDC_
Interior
Cooling Wall/Window Unit(s)
Flooring See Remarks
Fireplace No
Laundry No Hookups
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 8649028006
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Listed by Jeffrey Martindale • JAMES MARTINDALE, BROKER
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122