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$2,280,000
Est. payment /mo
8,010 Sqft Lot
UPDATED:
01/08/2025 11:25 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS24249825
Originating Board California Regional MLS
Year Built 1940
Lot Size 8,010 Sqft
Property Description
Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer verification. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial
Location
State CA
County Los Angeles
Area 605 - Arcadia
Interior
Laundry Laundry Area
Exterior
Garage Spaces 6.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5773019020
Special Listing Condition Not Applicable
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Listed by Jo Lin • IRN REALTY