945 E Route 66 Active Save Request In-Person Tour Request Virtual Tour
Glendora,CA 91740
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
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
Interior
Interior Features Ceiling Fan(s)
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
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