618-620 Route 66, Glendora, CA 91740

618-620 Route 66, Glendora, CA

$15,950,000

Price

43,486 sqft

Building Size

63,118 sqft

Lot Area

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Street
Map
Overview
Building Size
43,486 sqft
Lot Area
63,118 sqft
Units
76
Year Built
1962
Zoning
GDC_RT66SP
Tenancy
Multiple
Description

We're thrilled to introduce an incredible investment opportunity that demands your attention – the Royal Palms Apartments and Professional Building, a strategically positioned mixed-use property in the thriving city of Glendora, California. Spanning 1.45 acres and 43,486 square feet, this astute asset delivers stabilized cash flow from both its multifamily and commercial components.

Built in 1962, the residential segment consists of two 2-story buildings featuring an optimal mix of 24 studios, 23 one-bedrooms, and a spacious 2-bedroom unit. Over half the apartments boast modern updates, including laminate flooring, formica countertops, and ceiling fans. Community perks include a refreshing pool, resident parking with storage, on-site laundry facilities, and controlled access. Recent wise investments such as new roofs, exterior door replacements, pool replastering, and pump upgrades ensure the property's continued excellence.

The professional building comprises 28 office and retail suites ranging from 293 to 1,180 SF, catering to local entrepreneurs. Positioned prominently on Route 66, it boasts 225 feet of high-traffic street frontage and 38 surface parking spaces. Operational enhancements, including a new roof in 2017 and centralized HVAC, make it an ideal space for business endeavors.

With convenient access to the 210 and 57 freeways, this property ensures easy reach to employers, services, shopping, dining, and entertainment. Positioned in the heart of Glendora's dynamic local economy and primed for sustained growth, this stable asset is a smart choice for investors seeking robust mixed-use holdings.

Highlights
  • Convenient Accessibility: Strategically located near the 210 and 57 freeways, the property ensures effortless access to employers, services, shopping, dining, and entertainment
  • Mixed-Use Appeal: Boasting 43,486 square feet, this mixed-use property promises a stable cash flow, combining the best of both multifamily and commercial components.
  • Commercial Versatility: The professional building offers 28 office and retail suites ranging from 293 to 1,180 SF, catering to local entrepreneurs. Prominently located on Route 66, it boasts 225 feet of high-traffic street frontage and 38 surface parking spaces.
  • Operational Excellence: Operational upgrades, including a new roof in 2017 and centralized HVAC
Documents
Title
618-620_Route_66_-_OM__1_.pdf
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Location
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