414 E Route 66 Active Save Request In-Person Tour Request Virtual Tour
Glendora,CA 91740
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,125 sqft
Price per Sqft $278
MLS Listing ID CV25095145
HOA Y/N No
Year Built 1963
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type Apartment
Property 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 street—all 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 Valley's most desirable communities.
Location
State CA
County Los Angeles
Area 629 - Glendora
Zoning GDC_RT66SP_RSC
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplaces Type None
Appliance Barbecue
Laundry Common Area
Exterior
Exterior Feature Barbecue Private
Parking Features Carport,Parking Space
Fence Block
Pool None
Community Features Sidewalks
Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available
View None
Roof Type Flat,Shingle
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS For a full marketing package please email, email@theapartmentdealer.com. Please do not walk on the property or speak with the tenants.