Technical
Financial
Distress signals
Property profile

1717 Grand Ave Glendora, CA 91740

OFF-MARKET
Turn key restaurants
Property ID
US09-9190067
2,352 SF 0.79 ac lot Built 1970
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.79-acre parcel at 1717 Grand Avenue in Glendora, CA, presents a compelling investment opportunity. The property, encompassing nearly 35,000 square feet, is zoned for development under Glendora's recently approved special plan. Its previous use as a restaurant provides a solid foundation for various projects, with existing plans for a large express car wash facility readily available for inspection. These detailed plans, already submitted to the city for review, demonstrate significant pre-planning and preparation. The proposed development maintains the property's current functionality while offering substantial growth potential. A key advantage is the anticipated increase in floor area ratio (FAR) from 0.35 to 0.5, allowing for significant expansion. The zoning also offers favorable parking ratios of 1:250 for offices and shops, and 1:200 for medical facilities. This property is priced at $2,999,000. Prospective buyers are strongly encouraged to independently verify all zoning regulations and laws with the city of Glendora to ensure complete compliance and a smooth development process. This is a rare chance to acquire a well-positioned property in a thriving area, ready for immediate development. The existing plans offer a clear path forward, minimizing potential delays and maximizing return on investment.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction TILT-UP CONCRETE
Total area 2,352 SF
Lot 0.79 ac (34,592 SF)
Zoning code GDC3
APN 8631-005-014
UPID US09-9190067

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1717 Grand Ave Glendora, CA 91740-5436
Glendora metro Census 403902 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.64M
Blend (final) Blend
$1.97M

Owner & transaction history

since 2021
Last sale
$2.1M
7 recorded transactions
2021
$2.1M
2018
$1.4M
1994
Price N/A
1989
$600,000
1989
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GDC3 · Glendora, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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