
Glendora, California 91740
Analysis of 618 W Route 66, Glendora, California 91740 is currently available with a list price of $12,789,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Glendora Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Despite the 1962 build date, the property is well-maintained with 75% of units recently renovated featuring modern kitchens, cabinetry, and LVP flooring. Significant capital improvements include a new roof in 2019, seismic retrofitting, and updated individual metering, making it move-in ready for tenants.
The property features significant recent upgrades including a seismic retrofit, new roofs (2019), and modern interior renovations in 75% of the residential units, significantly reducing immediate capital expenditure requirements.
With several vacant ground-floor retail and second-story office suites, there is immediate upside for an investor to increase net operating income through strategic lease-up and repositioning.
The asset offers a high parking ratio of 77 spaces, including 40 tuck-under spots with private storage, and features individually metered utilities for both residential and commercial tenants, enhancing operational efficiency.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =63162, other record lot size in square feet = 63095. Living area discrepancy between mls listing and other public or private record. mls listing living area = 42485, other record living area = 43486.
The current vacancy in the professional building suites presents an initial income gap and requires active management and leasing effort to stabilize the commercial component of the asset.
Under the modified gross lease structure for commercial suites, the landlord is responsible for common area utilities and HVAC gas, which may lead to fluctuating expenses in a 1962 vintage building.
Royal Palms Apartments & Professional Building, 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 structured renovation program and feature modern interior finishes including luxury vinyl plank flooring, updated kitchen and bathroom cabinetry, recessed lighting, 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 mixeduse 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. Several ground-floor retail suites and upstairs office suites are currently vacant, including one suite with a full kitchen, providing immediate lease-up and repositioning upside for an owner-user or value-add investor seeking to increase in-place income and optimize tenant composition. 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.
No exterior & parking available.
No sensitive facilities data found.
Jul 1, 2026
$12,789,000
Initial Listing
Jul 22, 2022
$14,250,000
Public Record
Mar 22, 2021
$10,150,000
Public Record