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537 E Route 66 Glendora, CA 91740
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Key Details
Sold Price $1,940,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23217680
Year Built 1949
Lot Size 0.642 Acres
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area 629 - Glendora
Zoning GDC_RT66SP_RSC
Rooms
Other Rooms Second Garage
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry None
Exterior
Parking Features Attached Carport, Assigned, Carport, Driveway Level, Garage, See Remarks
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Foothills
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
View Y/N No
View None
Roof Type Composition
Building
Lot Description 6-10 Units/Acre, Front Yard, Lawn, Level, Sprinkler System
Story 2
Foundation Raised, Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Special Listing Condition Standard
Read Less
Bought with NONE NONE None MRML
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