Glendora Homes with Mixed Use Subtype

Glendora Homes with Mixed Use Subtype

Welcome to Glendora, a charming city located in the state of California, within Los Angeles County. Known for its picturesque neighborhoods, excellent schools, and vibrant community, Glendora offers a perfect blend of suburban tranquility and urban convenience.

One of the appealing features of Glendora is its diverse real estate options, including homes with a Mixed Use Subtype. This subtype allows for a combination of residential and commercial use within the same property, providing a unique opportunity for live-work arrangements or investment purposes. Whether you are looking to establish a home-based business, create a rental income stream, or enjoy the convenience of having amenities within walking distance, homes with a Mixed Use Subtype in Glendora offer endless possibilities.

Imagine living in a stylish townhouse with a cozy cafe on the ground floor, or a spacious loft with a boutique shop just steps away. With the flexibility that Mixed Use properties provide, you can tailor your living space to suit your lifestyle and aspirations. Explore the possibilities of owning a home that not only fulfills your residential needs but also opens doors to entrepreneurial ventures and community engagement.

Experience the best of both worlds in Glendora, where homes with a Mixed Use Subtype offer a unique and dynamic living experience. Embrace the opportunity to create a space that reflects your personality and ambitions, all within the welcoming and vibrant community of Glendora.

Newest Glendora Homes with Mixed Use Subtype

$12,789,000
CV26143474 MLS ⋅ Active Status
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.

618 W Route 66, Glendora
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.