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$3,750,000

Beds
Unknown
sq ft
8,656

945 E Route 66, Glendora, CA 91740

945 E Route 66

Glendora, CA 91740

  • 353 days on market
    • Price drop $200,000↓
This is an excellent opportunity to purchase a stable multi-family and commercial investment property. Located in central Glendora on the historical Route 66, this property has been professionally managed and consistently maintained/upgraded. Its location is convenient to shopping and restaurants, with the residential units being set back from the main street. The 13 unit property consists of long term tenants in twelve large 1BD/1BA units (six duplexes) on a large lot, an approx 1550 sf single tenant office building that is leased to a national tenant, and 13 private garages. Front office building built in 1927 and residential units built in approx 1955. Most units have a private yard or private patio and each unit has a private garage and one reserved parking spot. Three units have been completely renovated with improvements that include new range/oven, laminate flooring, kitchen cabinets, quartz counters, bathrooms, and windows. Five units have been partially renovated with improvements that include new flooring and windows. Four units have not been renovated. All units have been upgraded with copper plumbing.

Details

Property type

Mixed Use

Lot size

0.8199 acres

Price per sq ft

$434

Year built

1955

Price History

03/29/2024
CRMLS

CRMLS #CV23168755

Price change
$3,750,000
-5.06%
10/02/2023
CRMLS

CRMLS #CV23168755

Listed
$3,950,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

October 2015

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

2.93%

Loan type

Commercial

Seller

Thomas J Martindale and Eleanor Martindale

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/18/2024 at 6:55 PM

Listing updated: 08/30/2024 at 10:55 AM

Listed by: Jeffrey Martindale, MARTINDALE COMMERCIAL R.E. Phone #: (626) 914-2755

MLS: CRMLS #CV23168755

CRMLS logo

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