NOT LISTED FOR SALE

853 E Route 66 Glendora, CA 91740

South Glendora Neighborhood

Estimated Value: $1,271,831

3 Beds
3 Baths
2,603 Sq Ft
$489/Sq Ft Est. Value

Last Sold November 03, 2020

Last sale price $990,000 $380 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,714/month

114 Days on Market

About This Home

As of November 2020

Seller financing is available!

853 E Route 66 is located just north of the 210 freeway on the well-known Historic Route 66/Foothill Blvd. 853 E Route 66 property offers walkable access to many retail shops, restaurants, and government agency office. The property is also in close proximity to Walmart Super-center, The Home Depot, Costco, Sprouts Farmers Market, and LA Fitness Center.

853 E Route 66 is a well-maintained, single-story, 4-unit mixed-use property situated on a 11,121 square foot lot with a total building size of +/- 2,603 square feet.

The property features three detached single-story buildings with pitched composition shingle roofs for the apartment units. The property offers an excellent unit mix of studio, one-bedroom/one-bathroom, two-bedroom/one-bathroom and one retail/restaurant unit.

Every apartment unit includes wall air conditioning and heating, newer flooring, kitchen cabinets, kitchen counter-top, kitchen appliances, and bathroom. Lastly, all units are individually metered for gas and electricity.

853 E Route 66 is a prime Glendora income-producing property and a great long-term investment. The property is in a highly desirable area and offers growth and stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 05/06/2020

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 05/06/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,603 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Listing and Financial Details

  • Tax Lot 30
  • Tax Tract Number 401101
  • Assessor Parcel Number 8649025016

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Fuel Expense $240
  • Insurance Expense $4,000
  • Maintenance Expense $3,469
  • Other Expense $800
  • Trash Expense $1,800
  • Water Sewer Expense $1,920
  • New Taxes Expense $11,219
  • Operating Expense $24,448
  • Gross Income $71,520
  • Net Operating Income $44,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 4.28
  • Property Attached: Yes
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Parcel Number: 8649025016
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 380.33

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 11121.00
  • Lot Size Acres: 0.2553

Multi Family

  • Fuel Expense: 240.00
  • Gross Income: 71520.00
  • Gross Multiplier: 14.68
  • Gross Operating Income: 69374.00
  • Gross Scheduled Income: 71520.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 11121.0000 Square Feet
  • Maintenance Expense: 3469.00
  • Net Operating Income: 44927.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 24448.00
  • Other Expense: 800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Actual Rent: 5960.00
  • Total Expenses: 24448.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11219.00
  • Tax Lot: 30
  • Tax Tract Number: 401101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2020
Closed on
Oct 16, 2020
Sold by
Api Group Llc
Bought by
Mmca Investments Llc
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$1,050,000
Sold Price
$990,000
Premium/Discount to List
-$60,000
-5.71%
Current Estimated Value
$1,271,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,831
Avg. Annual Appreciation
4.95%
Original Mortgage
$500,000
Outstanding Balance
$443,913
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$827,918

Purchase Details

Closed on
Jun 29, 2015
Sold by
Toscano Lourdes
Bought by
Api Group Llc

Purchase Details

Closed on
Jun 3, 2014
Sold by
Vazquez Martin M
Bought by
Martinez Maria L and Martinez Krystine

Purchase Details

Closed on
Mar 26, 2008
Sold by
Young Stanley J and Young Nita L
Bought by
Martinez Maria Lourdes

Purchase Details

Closed on
Jun 25, 2007
Sold by
Young Stanley J
Bought by
Young Nita L and Young Stanley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2001
Sold by
Como Salvatore and Como Maria
Bought by
Young Stanley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 1996
Sold by
Campbell David
Bought by
Campbell Jean

Purchase Details

Closed on
Dec 18, 1996
Sold by
Provenzano Fredric
Bought by
Provenzano Margaret
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mmca Investments Llc $990,000 First American Title Ins Co
Api Group Llc $675,000 Orange Coast Title Company
Martinez Maria L -- None Available
Martinez Maria Lourdes -- North American Title
Martinez Krystine -- North American Title
Young Nita L -- Old Republic Title
Young Stanley J $275,000 Investors Title Company
Campbell Jean -- North American Title
Provenzano Margaret -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmca Investments Llc $500,000
Previous Owner Young Nita L $476,250
Previous Owner Young Stanley J $115,000
Closed Young Stanley J $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2020 11/03/20 Sold $990,000 -5.7% $380 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $1,050,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,843 $1,071,606 $887,593 $184,013
2024 $12,843 $1,050,595 $870,190 $180,405
2023 $12,555 $1,029,996 $853,128 $176,868
2022 $12,318 $1,009,800 $836,400 $173,400
2021 $12,105 $990,000 $820,000 $170,000
2019 $8,590 $716,314 $594,276 $122,038
2018 $8,269 $702,270 $582,624 $119,646
2016 $7,948 $675,000 $560,000 $115,000
2015 $6,834 $578,597 $482,166 $96,431
2014 $6,819 $567,265 $472,722 $94,543
Source: Public Records

Agents Affiliated with this Home

  • Eric Chen

    Seller's Agent in 2020

    Eric Chen

    CB RICHARD ELLIS

    (909) 418-2030

    65 Total Sales

    Eric Chen
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV20086814

California Regional Multiple Listing Service (CRMLS)

APN: 8649-025-016

California Los Angeles County Glendora 91740 South Glendora

853 E Route 66, Glendora, CA

Not Listed for Sale

MultiFamily

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