Arcadia, CA 91006,132 Diamond St

$5,800,000

$6,250,000

7.2%
Est.Price: ?

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Est. payment /mo

23 Beds

30 Baths

11,592 SqFt


SOLD DATE : 01/10/2024

Key Details

Sold Price $5,800,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,592 sqft

Price per Sqft $500

MLS Listing ID 23-305845

Sold Date 01/10/24

Bedrooms 23

Year Built 1988

Lot Size 0.365 Acres

Acres 0.3653

Property Description

We are pleased to introduce an exclusive offering: a 10-unit condo-style apartment building situated in the highly sought-after area of prime Arcadia. This remarkable opportunity marks the first-ever listing of the property, presented by its original owner and developer. For astute investors, this represents an exceedingly rare chance to acquire a property of superior 1988 construction in a flourishing rental market. Situated on a generous 15,912 square foot lot, the buildings are approximately 11,592 square feet. The unit composition consists of two 3-bedroom, 2.5-bath units, seven 2-bedroom, 2.5-bath units, and a 3-bedroom + den, 2.5-bath unit. The property boasts ample parking with a total of 24 spaces available, including ten 2-car garages and an additional four guest parking spaces. All units are designed in a two-story townhouse style and offer modern comforts such as central air conditioning and heating, dishwashers, dedicated washer/dryer hookups, separate gas and electricity meters, and direct access to the unit from their assigned garages. Certain units have received upgrades like wood flooring and countertops, and there may be a potential for future condo conversion (subject to verification by the buyer with the city). This unique property opportunity is not to be missed.

Location

State CA

County Los Angeles

Area Arcadia

Zoning ARR3YY

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment None

Laundry In Unit

Exterior

Garage Garage - 2 Car

Garage Spaces 24.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.
Bought with Realty Investment Advisors, Inc.

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