About 414 E Route 66
Just listed in the heart of Glendora along the iconic Route 66 corridor, this 9-Unit Multi-Family property plus 1,473 sqft. Office Space, presents an exceptional investment opportunity with strong financials and substantial upside. Boasting a 5.2% CAP Rate and 13 GRM, the asset offers a diverse unit mix of a spacious 5-Bedroom/3-Bathroom main house, five 2-Bedroom/1-Bathroom units, three 1-Bedroom/1-Bathroom units, and a separate Professional Office unit. Situated on a generous 20,030 sq. ft. lot and with 11,125 rentable sqft, tenants enjoy ample space inside and outside their units. The property has undergone numerous capital improvements including; new roofs for all buildings within the last 5 years, copper plumbing throughout, updated interiors, newer dual-pane windows, and a newly installed main sewer line and drainage system with a sump pump directed to the streetall of which significantly reduce long-term maintenance costs. Each unit is separately metered for electricity and gas, further reducing monthly expense. Tenants enjoy a well-maintained, amenity-rich environment with a covered patio and BBQ area, onsite laundry facility, along with ample onsite parking via covered carports and open paved spaces. Located just minutes from Downtown Glendora, South Hills Park, Azusa Pacific University, and local shopping and dining, this property is perfectly positioned in a prime rental market. A rare opportunity to acquire a stabilized, income-producing asset in one of the San Gabriel Valleys most desirable communities.
