1433 Route 66Glendora, CA 91740

Property Details for 1433 Route 66

Year built

1977

Construction

WOOD

Lot size

1.60 AC

Property size (Sq ft)

14,000 SF

Zone code

GDC_RT66SP

Property type

Retail properties

Property subtype

Community centers

APN

8655-018-017

APU

8655018017

Description

This thriving Glendora salon and spa, established 23 years ago, presents a unique investment opportunity. Currently operating from two units with a combined monthly rent of $4,200, the business boasts 17 rentable stations and rooms. These include nine hair stations, three private rooms ideal for various beauty services, three nail stations, and two pedicure stations. The current business model generates substantial income through both rental of these stations and rooms, and product sales. Financial projections indicate a potential gross monthly rental income exceeding $10,000, offering significant upside for a new owner. The property's long-standing presence in the community has fostered a loyal clientele and strong brand recognition, providing a solid foundation for continued success. This turnkey operation is ready for a new owner to step in and capitalize on the existing infrastructure and established reputation. The business is located at 1433 E Route 66, Glendora, CA and is priced at $100,000. This represents a compelling opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The sale includes the established business, its clientele, and existing equipment. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $5,125,741

  6.5%

  $4,731,454

  7%

  $4,393,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,981,746

  Geo Method

  $6,708,845

• Alternative Use

  Use

  Valuation

  Residential

  $3,991,158

  Hospitality

  $3,655,879

  Educational

  $3,041,649

  Medical

  $3,146,256

  Retail

  $4,731,454

Location Insight

City

Glendora

County

Los Angeles

State

California

Latitude

34.1294

Longitude

-117.839

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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