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Sold on 07/07/2025
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414 E Route 66, Glendora, CA 91740

$2,925,000

Last sold 07/07/2025 after 68 Days

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Multi-family not for sale

About 414 E Route 66

Property type Multi-family
Year built 1963
HOA fee $0/month
Lot size 0.46 Acre
Rental estimate
Property description
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 street—all 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 Valley’s most desirable communities.
Listed by
Listing Agent - Kristopher German
Listing Agent Contact: 909-645-0443
Listing Office - RE/MAX 2000 REALTY
Source: CRMLS mls logo
MLS#CV25095145 • last updated 1 year ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.46
Lot Size (SqFt) 20036
Year Built 1963
Interior
Laundry Common Area
Appliances Barbecue
Exterior
Building Area Square Feet, 11125
Parking Carport, Parking Space
# Uncovered Spaces 6
# Carport Spaces 10
# Parking Spaces 16
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Sidewalks
Zoning GDC_RT66SP_RSC
Directions 414 E Route 66, Glendora, CA
APN 8644003013
Multifamily Details
Vacancy Allowance 7061
Expense: Trash 6927
Laundry Income 1200
Operating Expense 67010
Cap Rate 5.2
Expense: Insurance 6500
Total Expenses 67010
Expense: Water/ Sewer 5400
Gross Income 235380
Gross Operating Income 228319
Expense: Electric 1800
Gross Multiplier 13
Gross Scheduled Income 235380
Expense: Fuel 3507
Lot/ Land Details
Road Frontage Access Road
Road Surface Paved
Rental est.: $2,137/month
Gross rent multiplier: 114.1
  • Jul 2025
    mls logo MLS # CV25095145
  • Jul 7, 2025 Sold
    $2,925,000
  • Jun 9, 2025 Pending
    —
  • Apr 30, 2025 Listed
    $3,100,000 (+297.4%)
  • Jul 2025
    Public Records
  • Jul 7, 2025 Sold
    $2,925,000 (-5.6%)
  • Apr 2014
    Public Records
  • Apr 8, 2014 Sold
    $780,000
  • Year Property taxes Tax assessment
  • 2024
    $21,591 +2.2%
    $1,562,916
  • 2023
    $21,136 +1.9%
    $1,562,916 +2.0%
  • 2022
    $20,749 +1.9%
    $1,532,283 +4.04%
  • 2021
    $20,352 +8.7%
    $1,472,806 +1.04%
  • 2020
    $18,728
    $1,457,711
  • 414 E Route 66
    $2.92M
  • —
  • 91740
    $750K 0% y/y
  • Glendora
    $850K -3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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