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Listed by James Kezios • Douglas Elliman of California
$1,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-26200187
Year Built 1962
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional value-add multifamily opportunity in Arcadia. This five-unit property consists of a detached single-family residence plus an attached four-unit building, with all units configured as 2-bedroom, 1-bath.
Two units provide immediate upside for renovation and lease-up at market rents. The four-unit building includes covered carport parking, while the detached single-family residence includes a detached garage.
Beyond the near-term income-growth opportunity, the property offers potential for accessory dwelling units (ADUs), subject to buyer investigation, city approval, and applicable regulations. A rare opportunity to acquire a five-unit asset with immediate value-add potential and a path to future unit expansion in the San Gabriel Valley.
Buyer to verify unit count, square footage, zoning, ADU feasibility, school assignments, permits, and all information to their own satisfaction.
Two units provide immediate upside for renovation and lease-up at market rents. The four-unit building includes covered carport parking, while the detached single-family residence includes a detached garage.
Beyond the near-term income-growth opportunity, the property offers potential for accessory dwelling units (ADUs), subject to buyer investigation, city approval, and applicable regulations. A rare opportunity to acquire a five-unit asset with immediate value-add potential and a path to future unit expansion in the San Gabriel Valley.
Buyer to verify unit count, square footage, zoning, ADU feasibility, school assignments, permits, and all information to their own satisfaction.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Interior
Heating Wall Furnace
Inclusions Owner owned appliances
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Value In Land, Lawn, Lot 10000-19999 Sqft
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900