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921 E Route 66
Glendora, CA 91740

$3,750,000 USD

Apartments For Sale • 8,656 SF

Property Details

Property Type Apartments
Total Building Size 8,656 SF
Lot Size 0.82 AC
Building Class C
Year Built 1955
Cap Rate 5.42 %
Tenancy Multiple
Zoning GDC_RT66SP

34 Transit Score

64 Walk Score

                
                    Highlights
                
                                VALUE ADD OPPORTUNITY-Ability to potentially add 11 residential units
                            
                                100% Occupied
                            
                                Projected 5.17% CAP (Year 1)
                            
                                Office Building leased to a national tenant and 12 1bd/1ba apartments
                            
                                No deferred maintenance
                            
                                Prime Central Glendora Location

Property Flyers

Oak Terrace OM

Financial Summary (Proforma)

Net Operating Income: $203,278 USD (2024)

Cap Rate:	5.42 %
Total Expenses:	$81,403 USD

Amenities

24 Hour Access

Public Transportation

Commuter Rail	Drive	Walk	Distance
Covina (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	5.0 mi
Pomona (North) (San Bernardino Line - Southern California Regional Rail Authority (Metrolink))	13 min	-	7.4 mi
Airport	Drive	Walk	Distance
Ontario International	28 min	-	17.7 mi
Bob Hope	44 min	-	34.6 mi
Long Beach (Daugherty Field)	47 min	-	35.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	25
Type:	Surface
Included in Rent:	Yes

Jeffrey Martindale 626-327-7101 Martindale Commercial Real Estate, Inc.

921 E Route 66 Glendora, CA 91740