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    618 W Route 66

    Glendora, CA 91740
    • $11,600,000
    • STATUS: ACTIVE
    • ON SITE: 155 days
    • ID#: 302640042
    UPDATED: 23 min ago
    $11,600,000
    • 3
      BEDS
    • 1.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    PRICE JUST REDUCED $600,000. We are proud to present for sale 618 and 620 West Route 66 Glendora, CA. Royal Palms Apartments and Professional Building is a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Royal Palms Apts is comprised of two-2 story buildings and consists of 24-studio/one bathroom units, 23-one bedroom/one bathroom units and 1-two bedroom/one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, f PRICE JUST REDUCED $600,000. We are proud to present for sale 618 and 620 West Route 66 Glendora, CA. Royal Palms Apartments and Professional Building is a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Royal Palms Apts is comprised of two-2 story buildings and consists of 24-studio/one bathroom units, 23-one bedroom/one bathroom units and 1-two bedroom/one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, formica countertops and ceiling fans. The studio/one bathroom floorplans feature walk-in closets and are equipped with a gas stove/oven and a refrigerator. The one bedroom/one bathroom floorplans are spacious and feature his and her closets with a center vanity and are equipped with a gas stove/oven. The property features a secured entrance, 42 tuck-under parking spaces with storage units, two laundry rooms, four central water heaters and a swimming pool. The buildings have had recent improvements to include two new roofs in 2019, new exterior unit doors, a re-plastered swimming pool and pump. Royal Palms Professional Building is a two-story building that consists of 28 office/retail suites ranging from 293 sqft to 1,180 sqft and features 38 surface parking spaces. The property is situated with 225 feet of street frontage on Route 66 with 2 curb cut outs. The building also features central air conditioning and heat, four common area restrooms and was re-roofed in 2017.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/109209842
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    618 W Route 66 Glendora, CA 91740

    • Price: $11,600,000
    • Status: ACTIVE
    • Updated: 23 min ago
    • ID#: 302640042
    3
    Beds
    0
    Baths
    0
    ½ Baths
    1.45
    Acres
    1962
    Built
    Neighborhood:
    Glendora (91740)
    County:
    Los Angeles
    Area:
    Glendora (91740)
    Property Description
    PRICE JUST REDUCED $600,000. We are proud to present for sale 618 and 620 West Route 66 Glendora, CA. Royal Palms Apartments and Professional Building is a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Royal Palms Apts is comprised of two-2 story buildings and consists of 24-studio/one bathroom units, 23-one bedroom/one bathroom units and 1-two bedroom/one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, f PRICE JUST REDUCED $600,000. We are proud to present for sale 618 and 620 West Route 66 Glendora, CA. Royal Palms Apartments and Professional Building is a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Royal Palms Apts is comprised of two-2 story buildings and consists of 24-studio/one bathroom units, 23-one bedroom/one bathroom units and 1-two bedroom/one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, formica countertops and ceiling fans. The studio/one bathroom floorplans feature walk-in closets and are equipped with a gas stove/oven and a refrigerator. The one bedroom/one bathroom floorplans are spacious and feature his and her closets with a center vanity and are equipped with a gas stove/oven. The property features a secured entrance, 42 tuck-under parking spaces with storage units, two laundry rooms, four central water heaters and a swimming pool. The buildings have had recent improvements to include two new roofs in 2019, new exterior unit doors, a re-plastered swimming pool and pump. Royal Palms Professional Building is a two-story building that consists of 28 office/retail suites ranging from 293 sqft to 1,180 sqft and features 38 surface parking spaces. The property is situated with 225 feet of street frontage on Route 66 with 2 curb cut outs. The building also features central air conditioning and heat, four common area restrooms and was re-roofed in 2017.
    Exterior Features

    Pool Below GroundCommunity/Common Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0

    Property Features

    Actual Cap Rate 5.05 Annual Expense Actual 354725 Buildings 3 Gross Scheduled Income Actual 979552 Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1169.0 Unit2 Rent Actual 1240.0 Unit3 Rent Actual 1700.0 Unit4 Rent Actual 772.0 Water Meter On Property Zoning Gdc_Rt66sp

    Listing provided courtesy of Marcus & Millichap. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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