945 Route 66, Glendora, CA 91740
  • MLS#: CV23168755 ( Commercial/Residential )
  • Street Address: 945 Route 66
  • Viewed: 1
  • Price: $3,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 425
  • Additional Information
  • County: LOS ANGELES
  • City: Glendora
  • Zipcode: 91740
  • Provided by: JAMES MARTINDALE, BROKER
  • Contact: Jeffrey Jeffrey
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8656.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 396
Entry Location
  1. Ground Level
Exclusions
  1. Tenant Owned Appliances
Fencing
  1. Wood
Fireplace Features
  1. None
Flooring
  1. See Remarks
Garage Spaces
  1. 13.00
Inclusions
  1. Landlord Owned Appliances
Insurance Expense
  1. 6449.00
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. None
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 212453.00
Newtaxesexpense
  1. 45000.00
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Number Wallac
  1. 12
Number With Range
  1. 12
Parcel Number
  1. 8649028006
Parking Features
  1. Assigned
  2. Asphalt
  3. Garage
  4. Parking Space
Pest Control Expense
  1. 3237.00
Pool Features
  1. None
Postalcodeplus4
  1. 3608
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
  2. Privately Maintained
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 401872304:CRM
Spa Features
  1. None
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Telephone
Totalexpenses
  1. 81033.00
Trash Expense
  1. 13190.00
Uncovered Spaces
  1. 25.00
Vacancyallowance
  1. 8805
Water Sewer Expense
  1. 5787.00
Water Source
  1. Public
Year Built
  1. 1955
Year Built Source
  1. Estimated
Zoning
  1. GDC_RT66SP_RSC