Glendora Homes with Mixed Use Subtype

Glendora Homes with Mixed Use Subtype

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

Homes with a Mixed Use subtype in Glendora are a unique and versatile option for those looking to live, work, and play in the same space. These properties combine residential and commercial elements, allowing residents to enjoy the convenience of having shops, restaurants, or offices right at their doorstep.

Whether you're a small business owner looking to live above your workspace or a homeowner seeking the convenience of having amenities within walking distance, Homes with a Mixed Use subtype in Glendora offer endless possibilities. Imagine starting your day with a cup of coffee from the cafe downstairs, working from your home office, and ending the evening with a relaxing stroll through the vibrant neighborhood.

With easy access to major freeways, top-rated schools, and a thriving local economy, Glendora is the perfect place to call home. Explore the unique Homes with Mixed Use subtype in this vibrant city and discover a new way of living that combines the best of both worlds.

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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