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$ 1,388,888
Est. payment | /mo
5 Beds
3 Baths
2,883 SqFt
$ 1,388,888
Est. payment | /mo
5 Beds
3 Baths
2,883 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,883 sqft
Price per Sqft $481
MLS Listing ID 25565575
Bedrooms 5
HOA Y/N No
Year Built 1945
Lot Size 0.419 Acres
Property Description
CBRE, Inc. is pleased to exclusively present 2010-2022 E Route 66 in Glendora, CA a unique multifamily mixed-use investment or development opportunity located in the "Pride of the Foothills." This 0.79-acre offering, across two parcels, includes five residential rental units across three single-story buildings totaling 4,317 square feet, along with two large lots totaling approximately 16,500 square feet. These lots are suitable for either commercial or residential use and offer approximately 230 feet of frontage along Historic Route 66, one of Glendora's most active and visible commercial corridors, with a daily traffic count of 36,842 vehicles at Route 66 and Lone Hill Avenue. Constructed in 1945 and 1954, the existing improvements provide stable income from the residential units, with potential interim income from the land. The property will be delivered with income in place, making it well-suited for investors seeking immediate cash flow with significant long-term redevelopment potential. Zoned within the Route 66 Specific Plan TCO (Technology, Commerce, Office) subdistrict, the site supports a wide variety of commercial uses and allows for residential development at a density of up to 30 dwelling units per acre. The location offers excellent regional accessibility via nearby I-210 and SR-57 and is situated within the highly regarded Glendora Unified School District, which includes Sutherland Elementary, Goddard Middle School, and Glendora High School all recognized for academic excellence. Offering a rare combination of income and land, 2010-2022 E Route 66 presents a compelling opportunity to acquire a low-coverage, infill asset in a tightly held corridor. Whether pursued as a long-term hold, redevelopment play, or 1031 exchange, this property offers exceptional flexibility and long-term upside.
Location
State CA
County Los Angeles
Area 629 - Glendora
Zoning GDC_RT66SP_TCO
Interior
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 10
Building
Story 1
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 8654015038
Special Listing Condition Standard

Listed by Jenny Eng CBRE