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Rick Lee

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

$ 2,150,000

Est. payment -/mo

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Active

537 E Route 66 Glendora, CA 91740

5,228 SqFt

UPDATED:

10/29/2024 12:17 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,228 sqft

Price per Sqft $411

MLS Listing ID AR23217680

HOA Y/N No

Year Built 1949

Lot Size 0.642 Acres

Property Description

Introducing an unique investment opportunity, just East of Glendora Avenue, nestled along the north side of historic Route 66.

This property features a legal 7 (seven) multi-family units, with approximately 5,228 Sqft. of gross living area. Sitting on a spacious 27,973 Sqft. lot, the property boast a mix of four- 2 Bed, 1 Bath Units, and three 1 Bed, 1 Bath Units. The front house comes with a single utility meter with electricity expenses currently covered by the owner. All units are currently leased and occupied generating a gross scheduled income of $159,660 annually.

The Seller receives an additional $700/month in income for storage.

Located in the charming City of Glendora, this property enjoys proximity to a variety of local amenities including shops, restaurants and recreational facilities. Glendora is renowned for its excellent schools, making it an attractive option for families and renters alike.

Owner may carry. Terms to be negotiated.

Location

State CA

County Los Angeles

Area 629 - Glendora

Zoning GDC_RT66SP_RSC

Rooms

Other Rooms Second Garage

Ensuite Laundry None

Interior

Laundry Location None

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Water Heater

Laundry None

Exterior

Garage Attached Carport, Assigned, Carport, Driveway Level, Garage, See Remarks

Garage Spaces 5.0

Carport Spaces 2

Garage Description 5.0

Pool None

Community Features Foothills

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility See Remarks

Parking Type Attached Carport, Assigned, Carport, Driveway Level, Garage, See Remarks

Total Parking Spaces 11

Private Pool No

Building

Lot Description 6-10 Units/Acre, Front Yard, Lawn, Level, Sprinkler System

Story 2

Entry Level Multi/Split

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Additional Building Second Garage

New Construction No

Others

Senior Community No

Tax ID 8646028011

Acceptable Financing Owner May Carry

Listing Terms Owner May Carry

Special Listing Condition Standard

Listed by Steven Spies • Compass

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

537 E Route 66 Glendora, CA 91740

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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537 E Route 66