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1132 W Duarte Road

Arcadia, CA 91007
  • $9,250,000
  • STATUS: ACTIVE
  • ON SITE: 67 Days
  • ID#: AR24030166
$9,250,000
  • 7
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

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 Proforma CAP Rate close to 6%, 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 private backyard. The property is separately metered for 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 Proforma CAP Rate close to 6%, 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 private backyard. The property is separately metered for electricity and gas, has a master water heater, and shared laundry room (leased). There is a total of 30 parking spaces which are provided by 10 open spaces + 13 detached carport spaces + 7 tuck-under parking. There is an additional parking space that has been converted into the owners storage room and a 2nd storage room near the laundry area. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/147559891
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1132 W Duarte Road Arcadia, CA 91007

  • Price: $9,250,000
  • Status: ACTIVE
  • On Site: 67 Days
  • ID#: AR24030166
7
Beds
0
Baths
0
½ Baths
0.7
Acres
Neighborhood:
Central Arcadia
County:
Los Angeles
Area:
Arcadia (91007)
Property Description
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 Proforma CAP Rate close to 6%, 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 private backyard. The property is separately metered for 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 Proforma CAP Rate close to 6%, 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 private backyard. The property is separately metered for electricity and gas, has a master water heater, and shared laundry room (leased). There is a total of 30 parking spaces which are provided by 10 open spaces + 13 detached carport spaces + 7 tuck-under parking. There is an additional parking space that has been converted into the owners storage room and a 2nd storage room near the laundry area. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).
Exterior Features

Parking Garage Desc Unit1 Assigned Pool Community/Common Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Units With Cooling 20 Units With Range Oven 20 Units With Refrigerators 20 Units With Washers 0

Property Features

Actual Cap Rate 3.92 Annual Expense Actual 180912 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 5158.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.67 Gross Scheduled Income Actual 554820 Home Owners Fees 0.0 Monthly Total Fees 429 Possession Close of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 2574.0 Unit2 Rent Actual 2200.0 Unit3 Rent Actual 1981.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Han Chen of Growth Investment Group Pasade: 626-224-2495. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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