618 West Route 66
618 West Route 66
$14,250,000
3
48
43,292
43,292
$329
Closed 7/26/22
Description
We are proud to exclusively present the opportunity to acquire Royal Palms Apartments and Professional Building, a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Located on the famous Route 66 in the city of Glendora, California, Royal Palms was built in 1962 and sits on a 1.45 acre site and has a combined building size of approximately 43,292 square feet. Royal Palms Apartments is comprised of two-2 story buildings and consists of twenty four-studio/one...We are proud to exclusively present the opportunity to acquire Royal Palms Apartments and Professional Building, a mixed-use investment opportunity comprised of 48 apartment units and 28 commercial suites. Located on the famous Route 66 in the city of Glendora, California, Royal Palms was built in 1962 and sits on a 1.45 acre site and has a combined building size of approximately 43,292 square feet. Royal Palms Apartments is comprised of two-2 story buildings and consists of twenty four-studio/one bathroom units, twenty three-one bedroom/one bathroom units and one-two bedroom/one bathroom unit. Approximately 50% of the apartments have been updated to feature laminate plank flooring, formica countertops and ceiling fans. The studio/one bathroom floor plans feature walk-in closets and are equipped with a gas stove/oven and a refrigerator. The one bedroom/one bathroom floor plans are spacious and feature his and her closets with a center vanity and are equipped with a gas stove/oven. The property offers various amenities including a secured entrance, 42 tuck-under parking spaces with storage units, two on-site laundry facilities, four central water heaters, bike rack and a gated swimming pool. The buildings have had recent improvements to include seismic retrofit, two new roofs in 2019, new landscaping, re-plastered swimming pool and pump and new exterior doors. Royal Palms Professional Building is a two-story building that consists of 28 office/retail suites (8 retail suites ground level and 20 office suites 2nd story) ranging from 293 square feet to 1,180 square feet and features 38 surface parking spaces. The property is situated with 225 feet of street frontage on Route 66 with 2 curb cut outs and a traffic count of 20,574 vehicles per day. The building also features central air conditioning and heat, four common area restrooms, new lighting and was re-roofed in 2017. Additional improvements include seismic retrofit, new exterior lighting and freshly painted exterior and interior. Another possible revenue source for the office spaces could include creating virtual offices for individuals who simply require a mailing address.
- Listed by DOUGLAS MCCAULEY • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
- Listed by DAVID COVARRUBIAS • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
Property Details for 618 West Route 66
Parking Spaces Total
0
Private PoolNo
Total Units76.0
Building TypeAttached
Lot Size SourceOther
Living Area43292
Assessor Parcel Number8633-005-015
Property Attached YNtrue
Location
LISTING UPDATED: 07/26/2022 02:58 AM
Property Details for 618 West Route 66
Status | Closed |
---|---|
MLS # | CV22081529 |
Days on Market | 48 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 1.45 AC / 63,162 SF |
County | Los Angeles County |
Location
Building Information for 618 West Route 66
Stories-Residences-Year Built1962Building Size-Lot Size1.45 AC / 63,162 SF
Payment Calculator
$92,441 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 618 West Route 66
Property History for 618 West Route 66
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 618 West Route 66
Taxable ValueLand$9,300,000Additions$4,960,028Total$14,260,028
Tax Record2023$176,077 ($14,673 / month)
Home Facts
Total Finished SqFt43,486 SqFtAbove Grade Finished SqFt43,486 SqFtStories1Lot Size63,095 SqFtStyleOffice BuildingYear Built1962ZoningGDC_RT66SPCountyLOS ANGELESAPN8633-005-015
Schools near 618 West Route 66
This home is within Glendora Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Stanton Elementary School PublicK to 5 | ||
Sandburg Middle School Public6 to 8 | ||
Glendora High School Public9 to 12 | ||
Whitcomb Continuation High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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