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945 E Route 66, Glendora, CA 91740
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945 E Route 66 Glendora, CA 91740

$3,750,000
  • 13 Beds
  • 11 Baths
  • 8,656 Sq.Ft.
For Sale
$3,750,000 Get Pre-Qualified
Map preview of 945 E Route 66, Glendora, CA 91740

Property Overview: 945 E Route 66 Glendora, CA has 13 bedrooms, 11 bathrooms, 8,656 living square feet and 35,716 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Jeffrey Martindale | BRE #01920073 | MARTINDALE COMMERCIAL R.E.
Co-listed by JAMES MARTINDALE | BRE #00641824 | MARTINDALE COMMERCIAL R.E.
Last checked: 10 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 206
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Home details

Lot Sq. Ft
35,716
HOA Dues
$0/mo
Year built
1955
Garage
13 Car
Property Type:
Mixed Use
Status
Active
MLS#
CV23168755
City
Glendora
County
Los Angeles
Time on Site
225 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 7
  • # of Leased Units: 13
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,610
  • Total Rent: $1,610
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,860
  • Total Rent: $2,860
  • Pro Forma/Market Rent: $5,860
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,565
  • Total Rent: $1,565
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,730
  • Total Rent: $1,730
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,710
  • Total Rent: $1,710
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 13
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.84%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $292,800
  • Net Operating Income: $181,536
  • Gross Operating Income: $284,016
  • Vacancy Allowance: $8,784
Annual Expense Breakdown
  • Total Operating Expense: $102,480
  • New Taxes: $45,000
  • Trash: $13,190
  • Insurance: $6,449
  • Professional Management: $10,990
  • Water/Sewer: $5,787

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Property Details for 945 E Route 66

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: See Remarks
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 13
  • # of Parking Spaces: 38
  • Has Parking
  • Parking Features: Assigned, Asphalt, Garage, Parking Space
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 13
  • Parcel Number: 8649028006
  • Year Built Source: Estimated
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: Landlord Owned Appliances
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 1.5 miles east of Grand Avenue on the North side of Route 66
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Privately Maintained
Neighborhood Information
  • Community Features: Curbs, Foothills, Sidewalks
View more facts & features

Local Glendora Agent

Sale History for 945 E Route 66

Last sold on July 23rd, 2013

  • October, 2023

  • Oct 2, 2023

    Date

    Active

    CRMLS: CV23168755

    $3,950,000

    Price

  • November, 2022

  • Nov 1, 2022

    Date

    Expired

    CRMLS: CV22142454

    $4,500,000

    Price

  • Jul 14, 2022

    Date

    Active

    CRMLS: CV22142454

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    On the market for the first time in nearly 40 years, this is an excellent opportunity to purchase a 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 setback 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, 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.

  • July, 2013

  • Jul 23, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 945 E Route 66

Assessed Value (2020): $950,828
Year Land Value Improved Value Assessed Value
2020 $471,786 $479,042 $950,828

Home Value Compared to the Market

This property vs the competition

945 E Route 66 is listed 294.74% higher than the median list price for the city of Glendora which has a median list price of $950,000. The median price per/sqft for Glendora is $544 and this home is listed at $433.23 per/sqft which puts the price per square foot 20.36% lower than the median price per square foot for the city of Glendora.

About 945 E Route 66

Detailed summary of property

945 E Route 66 is a mixed use located in Glendora, CA 91740 and is currently for sale. This mixed use property offers 13 bedrooms, 11 bathrooms, roughly 8,656 living square feet, and sits on an approximately 35,716 square foot lot. 945 E Route 66 was first listed on ArdentRealEstateGroup.com on September 18, 2023. The homeowner is currently asking $3,750,000 and was originally asking $3,950,000. The median priced home in Glendora is $950,000 with a median price per square foot of $544. Based on Ardent Real Estate Group's Glendora Market Data, this home is listed 294.74% higher than the median priced home. Local competing homes currently for sale include 2150 Newport Blvd., 1049 E 5th St and 736-744 Olive Ave. While the average home in Glendora, CA is selling in 54 days, 945 E Route 66 has a days on market of 206 days. There are currently 111 homes for sale in the Glendora real estate market and 100 of them are single family homes while 7 of them are condos and 4 are townhomes. For more information on this home for sale at 945 E Route 66 Glendora, CA 91740 contact Ardent Real Estate Group and we will put you in touch with one of our Glendora agents.

Public Facts for 945 E Route 66

Public county record property details
Beds
3
Baths
14
Year built
1927
Sq. Ft.
8,656
Lot Size
35,716
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
8649-028-006

The source for these homes facts are from public records.

91740 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$784,900
Median List Price/Sq.Ft.
$548
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$562
Total Inventory
38
Median Sale to List Price %
102.65%
Avg Days on Market
10
Loan Type
Conventional (58.82%), FHA (17.65%), VA (5.88%), Cash (11.76%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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