414 Route 66, Glendora, CA 91740
  • MLS#: CV25095145 ( Apartment )
  • Street Address: 414 Route 66
  • Viewed: 1
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: Glendora
  • Zipcode: 91740
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Just listed in the heart of Glendora along the iconic Route 66 corridor, this 9 Unit Multi Family property plus 1,473 sqft. Office Space, presents an exceptional investment opportunity with strong financials and substantial upside. Boasting a 5.2% CAP Rate and 13 GRM, the asset offers a diverse unit mix of a spacious 5 Bedroom/3 Bathroom main house, five 2 Bedroom/1 Bathroom units, three 1 Bedroom/1 Bathroom units, and a separate Professional Office unit. Situated on a generous 20,030 sq. ft. lot and with 11,125 rentable sqft, tenants enjoy ample space inside and outside their units. The property has undergone numerous capital improvements including; new roofs for all buildings within the last 5 years, copper plumbing throughout, updated interiors, newer dual pane windows, and a newly installed main sewer line and drainage system with a sump pump directed to the streetall of which significantly reduce long term maintenance costs. Each unit is separately metered for electricity and gas, further reducing monthly expense. Tenants enjoy a well maintained, amenity rich environment with a covered patio and BBQ area, onsite laundry facility, along with ample onsite parking via covered carports and open paved spaces. Located just minutes from Downtown Glendora, South Hills Park, Azusa Pacific University, and local shopping and dining, this property is perfectly positioned in a prime rental market. A rare opportunity to acquire a stabilized, income producing asset in one of the San Gabriel Valleys most desirable communities.
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Features
Appliances
  1. Barbecue
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 11125.00
Carport Spaces
  1. 10.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Electric Expense
  1. 1800.00
Fencing
  1. Block
Fireplace Features
  1. None
Fuel Expense
  1. 3507.00
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 6500.00
Laundry Features
  1. Common Area
Laundry Income
  1. 1200.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 161309.00
Newtaxesexpense
  1. 33876.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Parcel Number
  1. 8644003013
Parking Features
  1. Carport
  2. Parking Space
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. Access Road
Road Surface Type
  1. Paved
Roof
  1. Flat
  2. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 437536925:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 19515.00
Totalexpenses
  1. 67010.00
Trash Expense
  1. 6927.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Vacancyallowance
  1. 7061
View
  1. None
Water Sewer Expense
  1. 5400.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. GDC_RT66SP_RSC