Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    945 Route 66, Glendora, CA 91740
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    945 Route 66
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    • MLS#: CV23168755 ( Commercial/Residential )
    • Street Address: 945 Route 66
    • Viewed: 17
    • Price: $3,750,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1955
    • Bldg sqft: 0
    • Days On Market: 507
    • Additional Information
    • County: LOS ANGELES
    • City: Glendora
    • Zipcode: 91740
    • Provided by: JAMES MARTINDALE, BROKER
    • Contact: Jeffrey Jeffrey
    • DMCA Notice
    • 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 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.
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    Features
    Association Fee
    1. 0.00
    Building Area Total
    1. 8656.00
    Commoninterest
    1. None
    Common Walls
    1. 1 Common Wall
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Days On Market
    1. 457
    Entry Location
    1. Ground Level
    Exclusions
    1. Tenant Owned Appliances
    Fencing
    1. Wood
    Fireplace Features
    1. None
    Flooring
    1. See Remarks
    Garage Spaces
    1. 13.00
    Inclusions
    1. Landlord Owned Appliances
    Insurance Expense
    1. 6449.00
    Interior Features
    1. Ceiling Fan(s)
    Laundry Features
    1. None
    Levels
    1. One
    Lockboxtype
    1. None
    Lot Features
    1. Rectangular Lot
    Netoperatingincome
    1. 212453.00
    Newtaxesexpense
    1. 45000.00
    Number Of Separate Electric Meters
    1. 13
    Number Of Separate Gas Meters
    1. 13
    Number Wallac
    1. 12
    Number With Range
    1. 12
    Parcel Number
    1. 8649028006
    Parking Features
    1. Assigned
    2. Asphalt
    3. Garage
    4. Parking Space
    Pest Control Expense
    1. 3237.00
    Pool Features
    1. None
    Postalcodeplus4
    1. 3608
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Commercial/Residential
    Road Frontage Type
    1. City Street
    Road Surface Type
    1. Paved
    2. Privately Maintained
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 401872304:CRM
    Spa Features
    1. None
    Tenant Pays
    1. Cable TV
    2. Electricity
    3. Telephone
    Totalexpenses
    1. 81033.00
    Trash Expense
    1. 13190.00
    Uncovered Spaces
    1. 25.00
    Vacancyallowance
    1. 8805
    Views
    1. 17
    Water Sewer Expense
    1. 5787.00
    Water Source
    1. Public
    Year Built
    1. 1955
    Year Built Source
    1. Estimated
    Zoning
    1. GDC_RT66SP_RSC
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836