618 W Route 66, Glendora, CA 91740
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
618 W Route 66,Glendora, CA 91740
$12,789,000
- - Beds
- - Baths
- 42,485 sq. ft.
- Multi-family
- Active
Listed by: douglas mccauley, david covarrubias
Office: marcus & millichap909-456-3400
MLS#:CV26143474
Source:CRMLS
Price summary
- Price:$12,789,000
- Price per sq. ft.:$301.02
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....
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Home facts
- Year built:1962
- Listing ID #:CV26143474
- Added:7 day(s) ago
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Living area:42,485 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1962
- Building area:42,485 sq. ft.
- Lot area:1.45 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$12,789,000
- Price per sq. ft.:$301.02
Features and amenities
- Laundry features:Common Area
- Pool features:Community Pool
Parking
- Total parking spaces:77
- Parking description:40 Carport Space(s)
- Carport spaces:40
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