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$4,790,000
AR23043143 MLS Active Status
THE 833, a 12-unit apartment in the City of Arcadia, California. This offering presents a rare opportunity to investors to acquire a strategically located, value-add apartment in the heart of the City of Arcadia, CA; one of the strongest and healthiest sub-market in West San Gabriel Valley area. This property is located within the prestigious Arcadia Unified School District, and it does not have any local rent control (allows highest rent increases per California AB1482 – 10% maximum). It offers a superb demographics of ±$121,527 average household income within a mile radius! THE 833 is situated on a large 16,481 square feet lot and was built in 1960. It is a garden style two-story apartment with center courtyard (seller recently filled in the swimming pool). The property offers excellent unit mix with one (1) large x 3bedroom+3bathroom, one (1) x 2bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and nine (9) x 1bedroom+1bathroom. One unit has a private patio area (sundeck) above carport. There is a clear upside for ADU potential in the carport area (buyer to verify). Each unit is sizable with functional layout. Some units have been upgraded with modern upgrades such as new luxury wood vinyl flooring, granite kitchen countertops, tiled bathroom, and shower door. The property is separately metered for electricity and gas, windows A/C, wall heater, and individual water heater. There are total of 15 parking spaces which are provided by 2 detached carports in the back (12 carport spaces) and 3 open spaces parking in the front of the building (NO parking soft story retrofit is required). The property’s recent capital improvements are dual pane windows throughout in every unit and filled in swimming pool.

833 W Duarte Road, Arcadia

$2,588,000
OC23023438 MLS Active Status
Privately nestled on a spectacular tree lined street in the heart of Arcadia is this Single Story Two bedroom house on a generous sized lot (nearly 8000 square feet) with THREE DETACHED RENTAL UNITS on the back perimeter of the property built above and around a 5-Car Garage. Tremendous value in this location and in the city of Arcadia. Currently the house is rented on a month to month at below market rents for the time and the area. The Main house and one of the back one bedroom units were remodeled just a couple years ago (see pictures). This ONE-OF-A-KIND property has various options such as: 1) It is perfect for a buyer that has an extended family who all want to live on the same property, or 2) As a home with monthly rental income from the rear units or 3) As a 4 unit income producing property. If you ever dreamed of owning a multi-unit property where you can live in one of the units while self-managing and collecting rent from the other units, this is right up your alley. The LOCATION is key with a very SHORT WALK to the shops & restaurants on Huntington Dr., the beautiful LA County park along Santa Anita Ave, and of course, a short walk to the Santa Anita Race Track. The location could not be more ideal being situated just below the beautiful Southern California snow capped mountains. One of the main benefits of Arcadia is and has always been renowned for its incredible SCHOOLS!! The remodeled units have newer paint (inside and out), newer wood laminate flooring and newer carpet throughout, newer stainless steel kitchen appliances and garbage disposal. The Main house has a kitchen that is open to the formal dining area with built-in storage. There is a cozy and comfortable fireplace in the living room, all newer window coverings and ceiling fans. This ultra clean and peaceful property has lush landscaping with a gorgeous wrap around yard in between the home and the rental units Between the structures, there is a covered entertainment lounge area with a Bar B Que and chairs. For convenience, there is a community laundry room with coin op machines located on the ground level of the back structure. This is a perfect opportunity with numerous options for just the right family or investor. If you drive by, please do not disturb nor speak with the tenants. Please respect their privacy. Much appreciated!! Call your own agent to obtain more details from the listing agent.

32 Bonita Street, Arcadia

$6,600,000
AR23011132 MLS Active Status
LIVE OAK ARCADIA, a 13-unit Luxury Mid-Century modern garden style apartment (renovated in 2022) in the highly desirable City of Arcadia, CA. This offering provides an extremely rare opportunity for investors to acquire a beautifully upgraded apartment community in one of most desirable sub-market throughout San Gabriel Valley. This offering comes with an approved plan for Two (2) additional dwelling units (ADUs); each ADU is around ±725 sf which will add additional ±1,450sf to the building size. There is NO LOCAL rent control in Arcadia which allows maximum rent increase of 5% + CPI per AB1482 (maximum 10% rent increase). This property is located within the prestigious Arcadia School District. LIVE OAK ARCADIA is an attractive two-story garden style gated community that was built in 1960 and renovated in 2022. It is situated on a LARGE lot of ±17,977 SF and offers excellent curb appeal with manicured landscaping, complete with large front yard and back yard with seating area. The property has undergone a massive renovation in 2022 which includes: all units upgraded, updated rough mechanical + electrical + and plumbing system (main line is not updated), new drought-tolerant landscaping, new secured entrance and new parking gate, new property façade and signage, new exterior painting, new HVAC and exhaust systems, roof was not upgraded (in good condition) and much more. It has excellent curb appeal with mature trees in the front and a secured entrance. Walking into the courtyard area, tenants will enjoy a beautifully landscaped community garden with park settings complete with separate area for outdoor seating. The property offers an excellent unit mix of four (4) x 2bedroom+1bathroom and nine (9) x 1bedroom+1bathroom. Each unit is spacious with good floor plan. Each unit has been completely upgraded from top to bottom with attention to detail. Each unit has new flooring throughout, new kitchen with shakers cabinets (complete with kitchen island for the 2B units, and breakfast counter for the 1B units), Carrera quartz countertops and stainless-steel kitchen appliances including dishwasher and SS kitchen vent hood, new tiled bathroom with new vanities, smooth ceiling throughout, in-unit washer/dryer, new modern lighting fixtures throughout and new mini-split efficient a/c heating unit in living room and each bedroom. Each unit is separately metered for electricity and gas.

521 E Live Oak Avenue, Arcadia

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.

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