618-620 Route 66 Glendora, CA 91740
- Mixed-use properties
- 43,486 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 618-620 Route 66
- Year built
- 1962
- Property size
- 43,486 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendora
- County
- Los Angeles
- State
- California
- Longitude
- -117.875
- Latitude
- 34.1285
