Glendora, CA 91740 537 E Route 66
$2,150,000
Pending
Presented By: Steven Spies with Compass;
Beds • 11
Baths • 7
SQFT • 5,228
Garage • 5
Home Details
Introducing an unique investment opportunity, just East of Glendora Avenue, nestled along the north side of historic Route 66.
This property features a legal 7 (seven) multi-family units, with approximately 5,228 Sqft. of gross living area. Sitting on a spacious 27,973 Sqft. lot, the property boast a mix of four- 2 Bed, 1 Bath Units, and three 1 Bed, 1 Bath Units. The front house comes with a single utility meter with electricity expenses currently covered by the owner. All units are currently leased and occupied generating a gross scheduled income of $159,660 annually.
The Seller receives an additional $700/month in income for storage.
Located in the charming City of Glendora, this property enjoys proximity to a variety of local amenities including shops, restaurants and recreational facilities. Glendora is renowned for its excellent schools, making it an attractive option for families and renters alike.
Owner may carry. Terms to be negotiated.
Presented By: Steven Spies with Compass;
Interior Features for 537 E Route 66
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level2
General for 537 E Route 66
AccessibilitySeeRemarks
Additional Parcels Y/NNo
AppliancesGasWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces2.0
Carport Y/NYes
CityGlendora
Community FeaturesFoothills
CoolingWallWindowUnits
CountyLos Angeles
Days on Market211
DirectionsJust east of Glendora Ave. and on the North Side of Historic Route 66
ElectricElectricityOnProperty
Electric Expense0.0
Entry LocationNorth
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income153060.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet27981.0
Lot Size UnitsSquareFeet
MLS Area629 - Glendora
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased7
NumberOfUnitsTotal7
Open Parking Spaces4.0
Operating Expense0.0
Other StructuresSecondGarage
Pool FeaturesNone
PossessionCloseOfEscrow, Negotiable
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot31
Tenant PaysCableTV, Electricity
TermsOwnerMayCarry
Total Actual Rent159660.0
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, SeeRemarks, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1949
Year Built SourceAppraiser
ZoningGDC_RT66SP_RSC
Exterior for 537 E Route 66
Building Area Total5228.0
Crops Included Y/NNo
Foundation DetailsRaised, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre, FrontYard, Lawn, Level, SprinklerSystem
Lot Size Acres0.6424
Lot Size Area27981.0
Lot Size SourceAssessor
Number of Buildings5
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned, Carport, DrivewayLevel, Garage, SeeRemarks
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking11.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480