$5,800,000
$6,250,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Realty Investment Advisors, Inc.