945 East Rte 66

Glendora, CA 91740

$3,750,000
Price
13
Beds
11
Baths
8,656 Sq. Ft.
$433 / Sq. Ft.
8,656
Sq. Ft.
$433
per Sq. Ft.
an aerial view of a house with swimming pool garden and mountain view
a front view of a house with a yard
a view of house and outdoor space
a front view of house with yard and green space
a view of backyard with outdoor seating and plants
a view of a house with a wooden fence
a view of a house with wooden fence
a view of a house with backyard and sitting area
a view of a house with a yard
a view of a house with a street
a view of a house with a yard
a view of a house with a swimming pool and a fire pit
a view of a chairs and table in the patio
a front view of a house with a yard and trees all around
a front view of a house with garden
an aerial view of residential houses with outdoor space
an aerial view of a house with a yard and garden
a view of a city with mountains
an aerial view of a house with swimming pool garden and mountain view

Description

This is an amazing value add opportunity. Recent zoning changes have removed development barriers to this property, enabling the addition of approximately 11 residential units without displacing the current tenants. Aside from future development, it 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...This is an amazing value add opportunity. Recent zoning changes have removed development barriers to this property, enabling the addition of approximately 11 residential units without displacing the current tenants. Aside from future development, it 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.
  1. Listed by Jeffrey Martindale • DRE #01920073 • Brokerage DRE #00641824 • JAMES MARTINDALE, BROKER • 626-327-7101
  2. Listed by JAMES MARTINDALE • DRE #00641824 • Brokerage DRE #00641824 • JAMES MARTINDALE, BROKER

Property Details for 945 East Rte 66

Parking Spaces Total
38
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8656
Assessor Parcel Number
8649-028-006
LISTING UPDATED: 10/30/2024 05:38 AM

Property Details for 945 East Rte 66

StatusActive
MLS #CV23168755
Days on Market418
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1955
Lot Size0.82 AC / 35,716 SF
CountyLos Angeles County

Building Information for 945 East Rte 66

Stories1Residences-Year Built1955Building Size-Lot Size0.82 AC / 35,716 SF

Property Information for 945 East Rte 66

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $293,486
  • Gross Scheduled Income: $293,486
  • Vacancy Allowance: 8805
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $284,682
  • Net Operating Income: $212,453
  • Cap Rate: 5.67
Expense Details
  • Operating Expense: $81,033
  • New Taxes Expense: $45,000
  • Pest Control Expense: $3,237
  • Insurance Expense: $6,449
  • Professional Management Expense: $0
  • Trash Expense: $13,190
  • Water Sewer Expense: $5,787
  • Total Expenses: $81,033
Tax / Assessment Info
  • Tax Tract Number: 401...
  • Tax Census Tract: 4011.01
  • Tax Lot: 31
Community / Development
Community / Development
  • Community Features: Curbs, Foothills, Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Flooring: See Remarks
Exterior Features
  • Entry Location: Ground Level
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved, Privately Maintained
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 13
  • Parking: Yes
  • Parking Garage: Assigned, Garage, Parking Space
  • Uncovered Spaces: 25
  • Open Other Spaces Total: 25
  • Parking Garage Spaces: 13
  • Carport Spaces: 0
  • Parking Features: Assigned, Asphalt, Garage, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,860
  • Unit Type Total Rent: $2,860
  • Unit Type Pro Forma: 5860
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,610
  • Unit Type Total Rent: $1,610
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,565
  • Unit Type Total Rent: $1,565
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,730
  • Unit Type Total Rent: $1,730
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,710
  • Unit Type Total Rent: $1,710
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1795
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 13
  • Rent Controlled: No
  • Number Of Buildings: 7
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Number With Range: 12
  • Number Wall AC: 12

Property History for 945 East Rte 66

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 945 East Rte 66

Taxable ValueLand$505,848Additions$513,382Total$1,019,230
Tax Record2024$15,823 ($1,319 / month)
Home Facts
Total Finished SqFt8,656 SqFtAbove Grade Finished SqFt8,656 SqFtLot Size35,716 SqFtStyleMulti-Family Res (5+ Units)Year Built1927ZoningGDC_RT66SPCountyLOS ANGELESAPN8649-028-006

Schools near 945 East Rte 66

This home is within Glendora Unified School District.
Rating
School
Type
Grades
Distance
Cullen Elementary School
Public - K to 5
Sandburg Middle School
Public - 6 to 8
Glendora High School
Public - 9 to 12
Whitcomb Continuation High School
Public - 9 to 12
Rating
School
Distance
Cullen Elementary School
PublicK to 5

Sandburg Middle School
Public6 to 8

Glendora High School
Public9 to 12

Whitcomb Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 945 East Rte 66, Glendora, CA 91740

945 East Rte 66 is a mixed use property for sale in Glendora, CA 91740. This property was listed for sale on October 2, 2023 by JAMES MARTINDALE, BROKER, it's currently listed at $3,750,000. This listing's school district is Glendora Unified School District. Nearby schools include Cullen Elementary School, Sandburg Middle School and Glendora High School. 945 East Rte 66 is a 13-bed, 11-bath, 8,656 sqft mixed use property built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of JAMES MARTINDALE, BROKER, Jeffrey Martindale, DRE #01920073; JAMES MARTINDALE, BROKER, JAMES MARTINDALE, DRE #00641824

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.