618 W Route 66,Glendora, CA 91740
Glendora, CA 91740
Description
NEW PRICE. Royal Palms Apartments & Professional Building (618-620 W. Route 66) is a well-located mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Situated along the historic Route 66 corridor in the city of Glendora, California, the property sits on a 1.45-acre parcel and features a combined building size of approximately 42,485 square feet. Royal Palms Apartments is comprised of two two-story residential buildings and includes a well-balanced unit mix of twenty-four studios, twenty-three one-bedrooms, and one two-bedroom floor plans. Approximately 75% of the apartment units have been upgraded through a renovation program and feature modern interior finishes including luxury vinyl plank flooring, updated kitchen and bathroom cabinetry, recessed lighting, vinyl windows, fresh interior paint, ceiling fans, and window A/C units. Additionally, all apartment units are individually metered for gas & electricity. Exterior improvements include seismic retrofit, new roofs in 2019, new landscaping, re-plastered swimming pool and pump & new exterior doors. The property offers strong functional amenities and operational advantages, including a total of 77 on-site parking spaces, a significant competitive benefit for a mixed-use asset of this size and vintage. Parking includes 40 tuck-under spaces with individual locked storage (20 front / 20 rear) and 37 surface parking spaces distributed along the west, east, and front portions of the property, including ADA-designated stalls. Additional resident amenities include on-site bike lock stands, enhancing accessibility and modern tenant convenience. Royal Palms Professional Building consists of 28 commercial suites (8 retail suites ground level and 20 office suites 2nd story) across two floors. Commercial suites are individually metered for electricity, with tenants responsible for their own utility expenses. The landlord is responsible for common area electricity, gas for heating and air conditioning, water, and trash, consistent with a modified gross lease structure commonly utilized in the market, offering operational efficiency and predictable expense allocation.
Details
| MLS # | CV26143474 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 117 |
| Listing Provided By | MARCUS & MILLICHAP | Douglas McCauley |
Features
| SQ Feet | 42,485 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 76 |
| Building(s) | 3 |
| Acreage | 1.45 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights, Sidewalks, Pool |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendora |
| Zip Code | 91740 |
| Area | 629 Glendora |
| Listing VS Median (in 91740) | |
Price: $12,295,000 low | high Med: $730,000 sqft: 42,485 low | high Med: 1,830 $ / sqft: $289 low | high Med: $399 On site: 117 low | high Med: 161 | |
Market Activity 91740
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Glendora |
| Zip Code | 91740 |
| Area | 629 Glendora |
| Listing VS Median (in 91740) | |
Price: $12,295,000 low | high Med: $730,000 sqft: 42,485 low | high Med: 1,830 $ / sqft: $289 low | high Med: $399 On site: 117 low | high Med: 161 | |
