945 E Route 66 Glendora, CA $ 3,750,000
945 E Route 66
$ 3,750,000
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945 E Route 66

Glendora, CA, 91740
$ 3,750,000
Bedrooms13 Baths11.0 Sq 8,656

Monthly Estimate*

$ 26,195

Listed by MARTINDALE COMMERCIAL R.E.
945 E Route 66, Glendora, CA 91740 - Image 1
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945 E Route 66, Glendora, CA 91740 - Image 8
945 E Route 66, Glendora, CA 91740 - Image 9
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945 E Route 66, Glendora, CA 91740 - Image 11
945 E Route 66, Glendora, CA 91740 - Image 12
945 E Route 66, Glendora, CA 91740 - Image 13
945 E Route 66, Glendora, CA 91740 - Image 14
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945 E Route 66, Glendora, CA 91740 - Image 17
945 E Route 66, Glendora, CA 91740 - Image 18
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Multi-Family Home for sale in Glendora, CA

for $3,750,000 with 13 bedrooms and 11 full baths. This 8,656 square foot home was built in 1955 on a lot size of 0.8199.

This 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.

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Multi-Family Active

Price

$ 3,750,000

Bedrooms

13

Full Bath

11

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.8199

Year Built

1955

Town/City

Glendora

County/Region

Los Angeles

MLS | Web ID

CV23168755

Days on Market

242

Features
General
Interior Features CeilingFans
Sewer PublicSewer
Cooling WallWindowUnits
Zoning GDC_RT66SP_RSC
HOA 0.0
Garage Spaces 13.0
Pool Features None
Exclusions Tenant Owned Appliances
Year Built 1955
Tenant Pays CableTV Electricity Telephone
Stories 1
Levels One
Property SubType MixedUse
Gross Income 292800.0
Community Features Curbs Foothills Sidewalks
County Los Angeles
Net Operating Income 181536.0
Operating Expense 102480.0
Insurance Expense 6449.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions 1.5 miles east of Grand Avenue on the North side of Route 66
City Glendora
Disclosures FamilialRelation PrincipalisRealEstateLicensed
Entry Location Ground Level
View Y/N N
Senior Community Y/N N
Open Parking Spaces 25.0
Total Units 13
MLS Area 629 - Glendora
Lot Size Square Feet 35716.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 13
Street Name Route 66
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 13190.0
Water Sewer Expense 5787.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 193
Building Area Units SquareFeet
Standard Status Active
Year Built Source Estimated
Tax Lot 31
Property Sub Type Additional MixedUse
Expected Active Date 2023-10-02
Taxes 45000.0
Cap Rate 4.84
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Interior
Flooring SeeRemarks
Fireplace Features None
Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing Wood
Parking Features Assigned Asphalt Garage OneSpace
Lot Features RectangularLot
Water Source Public
Total Parking 38.0
Inclusions Landlord Owned Appliances
Lot Size Area 35716.0
Number of Buildings 7
Spa N
Building Area Total 8656.0
Lot Size Acres 0.8199
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
Road Frontage Type CityStreet
Crops Included Y/N N
Road Responsibility PrivateMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 945
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* Excluded Features
List By
Martindale Commercial R.E.

Broker

(626) 327-7101

Phone

Affordability Calculator

$26,195
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,195
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/29/2024$3,750,000 -5.06% Price Down
10/2/2023$3,950,000 Listed Price

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945 E Route 66, Glendora, CA, 91740 is a Multi-Family Home for sale at $3,750,000 with 8,656 sqft and a lot size of 0.8199. 945 E Route 66 has 13 bedrooms, 11.0 baths, and was built in 1955. The property's zip code is 91740 which is in Glendora, CA