414 E Route 66 - Apartments FOR SALE


Glendora, CA 91740
$3,100,000 USD
626-427-0786
414 E Route 66, Glendora, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/12
null | 5.2% Cap Rate

414 E Route 66
Glendora, CA 91740


HIGHLIGHTS

  • Attractive Financials Day 1
  • Many Recent Capital Improvements: Copper Plumbing, New Roofs, Newer Interiors, New Main Sewer Line With Sump Pump, & More
  • Tenants Enjoy Onsite Laundry Facility, Onsite BBQ Area & Onsite Car-Port Parking
  • Prime Route 66 Location Near Azusa Pacific University, South Hills Park, Downtown Glendora & Dining

OVERVIEW

Kristopher German of the Apartment Dealer is proud to present this offering in the heart of Glendora along the iconic Route 66 corridor, this 9-Unit Multi-Family property plus 1,473 sqft. Office Space, presents an exceptional investment opportunity with strong financials and substantial upside. Boasting a 5.2% CAP Rate and 13 GRM, the asset offers a diverse unit mix of a spacious 5-Bedroom/3-Bathroom main house, five 2-Bedroom/1-Bathroom units, three 1-Bedroom/1-Bathroom units, and a separate Professional Office unit. Situated on a generous 20,030 sq. ft. lot and with 11,125 rentable sqft, tenants enjoy ample space inside and outside their units. The property has undergone numerous capital improvements including; new roofs for all buildings within the last 5 years, copper plumbing throughout, updated interiors, newer dual-pane windows, and a newly installed main sewer line and drainage system with a sump pump directed to the street—all of which significantly reduce long-term maintenance costs. Each unit is separately metered for electricity and gas, further reducing monthly expense. Tenants enjoy a well-maintained, amenity-rich environment with a covered patio and BBQ area, onsite laundry facility, along with ample onsite parking via covered carports and open paved spaces. Located just minutes from Downtown Glendora, South Hills Park, Azusa Pacific University, and local shopping and dining, this property is perfectly positioned in a prime rental market. A rare opportunity to acquire a stabilized, income-producing asset in one of the San Gabriel Valley’s most desirable communities.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

10

PRICE/UNIT

$310,000

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Glendora Location: Excellent Financials

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,267 SF

ZONING

GDC_RT66SP

APN/PARCEL ID

8644-003-013

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.