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Priced at 6% Proforma CAP Rate and Low Price/SF for the area, A Pride-of-Ownership value-add investment opportunity in the highly sought-after city of Arcadia (NO Local Rent Control). Offered at a high CAP Rate and 6% Proforma CAP Rate, this property is being offered for sale for the first time since 1986. The property is a garden style pride-of-ownership 2-story property with an excellent unit mix of mostly oversized 3bedrooms units and several large 1bedroom units. It is located within the highly desirable Temple City School District and surrounded by many newer townhouses and condominiums and offers an excellent demographics of $123,449 average household income within a mile radius! Tenants enjoy its proximity to Santa Anita Mall and Santa Anita Park and its walking distance to school, shopping, groceries, and other amenities both Arcadia and Temple City have to offer. The property has a total of 19,432 SF building size which translates to 971sf average unit size, is situated on a large 30,379 square feet lot (R3 zoned) and was built in 1962. It has been very well maintained without any known deferred maintenance; it has a brand-new roof (replaced in 2021), well-manicured landscaping, fenced swimming pool, and security cameras system. It offers an excellent unit mix of ten (10) x 3bedroom+2bathroom, two (2) x 3bedroom+1bathroom, and eight (8) x large 1bedroom+1bathroom units. Each unit is large and bright with central heating, windows A/C, and ceiling fans. Some units have upgraded kitchen and upgraded bathroom. Four units have private patio, and two units have small priPROPERTY FEATURES
Number of Units : 20
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 3
Unit 1 : Total Bathrooms : 2
Number of Units with Range/Oven : 20
Number of Units with Refrigerator : 20
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 1
Unit 3 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 3
Unit 2 : Total Bathrooms : 1
Neighborhood : Central Arcadia
Parking Garage Unit 1 : Assigned
Pool : Community/Common
Cooling : Wall/Window
Zoning : Assessor
PROPERTY DETAILS
Street Address: Address not disclosed
City: Arcadia
State: California
Postal Code: 91007
County: Los Angeles
MLS Number: AR24030166
Courtesy of Growth Investment Group Pasade
City: Arcadia
State: California
Postal Code: 91007
County: Los Angeles
MLS Number: AR24030166
Courtesy of Growth Investment Group Pasade
Courtesy of IRN Realty