618 W Route 66 Glendora, CA 91740
South Glendora NeighborhoodEstimated payment $85,267/month
Highlights
- 1.45 Acre Lot
- Community Pool
- Cooling System Mounted To A Wall/Window
- Sandburg Middle School Rated A-
About This Home
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.
Listing Agent
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 07/01/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 1.45 Acre Lot
- Two or More Common Walls
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 42,485 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 37 Open Parking Spaces
- 77 Parking Spaces
- 40 Carport Spaces
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 36 / T1N
- Tax Tract Number 4008
- Assessor Parcel Number 8633005015
- $20,685 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 76 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 76 Separate Electric Meters
- 76 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $42,414
- Fuel Expense $9,037
- Gardener Expense $8,590
- Insurance Expense $50,000
- Maintenance Expense $65,000
- Pest Control $1,500
- Pool Expense $5,700
- Professional Management Expense $49,373
- Supplies Expense $9,600
- Trash Expense $43,973
- Water Sewer Expense $11,000
- New Taxes Expense $164,062
- Operating Expense $476,140
- Gross Income $972,924
- Net Operating Income $770,227
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $187,009 | $14,825,700 | $9,675,720 | $5,149,980 |
| 2024 | $180,091 | $14,535,000 | $9,486,000 | $5,049,000 |
| 2023 | $176,077 | $14,250,000 | $9,300,000 | $4,950,000 |
| 2022 | $132,445 | $10,353,000 | $6,398,460 | $3,954,540 |
| 2021 | $50,776 | $3,075,152 | $1,083,986 | $1,991,166 |
| 2020 | $49,465 | $3,053,650 | $1,072,872 | $1,980,778 |
| 2019 | $48,423 | $2,993,972 | $1,051,836 | $1,942,136 |
| 2018 | $43,758 | $2,700,887 | $880,182 | $1,820,705 |
| 2016 | $41,394 | $2,586,371 | $846,004 | $1,740,367 |
| 2015 | $40,561 | $3,133,826 | $1,071,726 | $2,062,100 |
| 2014 | $46,804 | $3,072,440 | $1,050,733 | $2,021,707 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2026 07/01/26 | For Sale | $12,789,000 | -10.3% | $301 / Sq Ft | |
| 07/26/2022 07/26/22 | Sold | $14,250,000 | -1.7% | $329 / Sq Ft | View Prior Sale |
| 06/08/2022 06/08/22 | Pending | -- | -- | -- | |
| 05/18/2022 05/18/22 | Price Changed | $14,500,000 | -3.3% | $335 / Sq Ft | |
| 04/21/2022 04/21/22 | For Sale | $14,995,000 | +47.7% | $346 / Sq Ft | |
| 03/22/2021 03/22/21 | Sold | $10,150,000 | -12.5% | $233 / Sq Ft | View Prior Sale |
| 02/16/2021 02/16/21 | Pending | -- | -- | -- | |
| 10/12/2020 10/12/20 | Price Changed | $11,600,000 | -4.9% | $267 / Sq Ft | |
| 08/20/2020 08/20/20 | For Sale | $12,200,000 | -- | $281 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $14,250,000 | Commonwealth Land Title | |
| Grant Deed | $10,150,000 | Chicago Title Company | |
| Grant Deed | $10,150,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $8,348,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26143474
APN: 8633-005-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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