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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 3,750,000

Est. payment -/mo

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Active

945 E Route 66 Glendora, CA 91740

8,656 SqFt

UPDATED:

10/30/2024 07:39 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,656 sqft

Price per Sqft $433

MLS Listing ID CV23168755

HOA Y/N No

Year Built 1955

Lot Size 0.820 Acres

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.

Location

State CA

County Los Angeles

Area 629 - Glendora

Zoning GDC_RT66SP_RSC

Rooms

Ensuite Laundry None

Interior

Interior Features Ceiling Fan(s)

Laundry Location None

Cooling Wall/Window Unit(s)

Flooring See Remarks

Fireplaces Type None

Inclusions Landlord Owned Appliances

Fireplace No

Laundry None

Exterior

Garage Assigned, Asphalt, Garage, One Space

Garage Spaces 13.0

Garage Description 13.0

Fence Wood

Pool None

Community Features Curbs, Foothills, Sidewalks

Parking Type Assigned, Asphalt, Garage, One Space

Total Parking Spaces 38

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8649028006

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Jeffrey Martindale • JAMES MARTINDALE, BROKER • 626-327-7101

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

945 E Route 66 Glendora, CA 91740

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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945 E Route 66