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    962 Claremont, CA 91711

    Sponsored
    For Sale
    Contact for pricing

    Historic Route 66, high-traffic location. Renovated building, ample parking.

    Property size:
    3,639 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 962 Claremont, CA, presents a remarkable investment opportunity. Situated on a prominent section of historic Route 66, this 3,639 square foot building sits on a 1.14-acre lot and offers significant potential for a variety of businesses. Previously occupied by a sushi restaurant, the property has undergone substantial renovations within the last three years, including a new air conditioning system, a new roof, and fresh paint. To further enhance the property's appeal, the parking lot will be resurfaced for a new tenant. The generous parking area accommodates 30 or more vehicles, a significant advantage in a high-traffic area. The seller is also open to assisting a new tenant with additional improvements, demonstrating a commitment to the property's success. This versatile space is ideally suited for a restaurant, but subject to city approval, could accommodate other business types. The property's prime location and recent upgrades make it an attractive proposition for discerning investors seeking a high-return investment in a vibrant Claremont location. The asking price is $7,278,000.

    Property Features for 962

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,639 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Claremont
    County
    Los Angeles
    State
    California
    Longitude
    -117.7029
    Latitude
    34.10256

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Route 66, high-traffic location. Renovated building, ample parking.
    Where is this mixed-use property located?
    The property is located at 962 Claremont, CA.
    What is the asking price?
    The asking price for this property is $7,278.
    (909) 621-6761
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    962 Claremont, CA 91711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    962 Claremont, CA 91711
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