For Sale
$14,950,000

618-620 Route 66Glendora, CA 91740

76 Units, 43,486 SF, 5.05% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property in Glendora, CA, presents a compelling investment opportunity. Located on Route 66, this 43,486 square foot asset boasts 76 units comprised of a 24 studio, 23 one-bedroom, and one two-bedroom apartment building, plus a 28-suite professional building offering office and retail spaces ranging from 293 to 1,180 square feet. The property sits on a 1.45-acre lot (63,118 sq ft) and features a desirable mix of recently renovated apartments with modern updates including laminate flooring and formica countertops, along with community amenities such as a pool, resident parking with storage, and on-site laundry. The professional building benefits from a new roof (2017), centralized HVAC, and 225 feet of high-traffic street frontage with 38 surface parking spaces. Significant recent capital improvements include new roofs, exterior door replacements, pool replastering, and pump upgrades. The property offers convenient access to the 210 and 57 freeways, providing easy access to employment centers, shopping, dining, and entertainment. Built in 1962, this property is zoned GDC_RT66SP and is offered at $14,950,000, representing a 5.05% cap rate and $343.79 per square foot. This is a stable, high-performing asset ideal for investors seeking a diversified portfolio with strong cash flow potential in a thriving location. The property's APN is 8633-005-015.

Highlights

  • Excellent freeway access via the 210 and 57 freeways.
  • 43,486 square foot mixed-use property offering strong cash flow from multifamily and commercial components.
  • 28 office/retail suites (293-1,180 SF) on Route 66 with 225 feet of high-traffic frontage and 38 surface parking spaces.
  • Recently upgraded with a new roof (2017) and centralized HVAC.

Property Details for 618-620 Route 66

Property type
Mixed-use properties
Square Feet
43,486 SF
Year Built
1962
Units
76

Location Insight

City
Glendora
County
Los Angeles
State
California
Latitude
34.128514554753
Longitude
-117.87526719325
618-620 Route 66, Glendora, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
618-620 Route 66
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message