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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$5,250,000

Est. payment - /mo

0.38 Acres Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25135600

HOA Y/N No

Year Built 1960

Lot Size 0.378 Acres

Property Sub-Type Apartment

Property Description

Pride-of-ownership 12-unit Value-add in the heart of Arcadia, No Local Rent Control, Excellent unit mix, 2 ADUs Initial plan included, Arcadia School, Convenient location near Santa Anita Mall + Santa Anita Park, shopping + dining, groceries stores, medical offices, schools, library, etc. 833 W Duarte Rd, a Pride-of-ownership 12-unit value-add apartment in the heart of the City of Arcadia, California. There is no local rent control in Arcadia, thus providing maximum upside potential (under California AB1482 – up to 10% maximum annual rent increase). This property is located within the prestigious Arcadia Unified School District. It offers excellent demographics of ±$132,826 average household income within a mile radius! The sale includes initial drawing for 2 additional ADUs to be built above the carport area (not approved – buyer to continue the permitting process).

The property is a well maintained 2 story garden style apartments with a center courtyard. The courtyard area used to be a swimming pool that had been filled up with permits. The property has a total of situated on a large 16,481 square feet lot and was built in 1960. It is a garden style two-story apartment with a center courtyard (there was a swimming pool that was filled in - with permits). The property offers excellent unit mix with one (1) large x 3bedroom+3bathroom, one (1) x 2bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and nine (9) x 1bedroom+1bathroom. One unit has a private patio area (sundeck) above carport. The 2 ADUs plan are to build above the carport – by the sundeck area.

Each unit is sizable with a functional layout. Several units have been fully upgraded with modern upgrades such as new luxury wood vinyl flooring, granite kitchen countertops, tiled bathroom, and shower door.

The property is separately metered for electricity and gas, windows A/C, wall heater, and individual water heater. There are a total of 15 parking spaces which are provided by 2 detached carports in the back (12 carport spaces) and 3 open spaces parking in the front of the building. Arcadia does not have any parking soft story retrofit is requirement.

The property has undergone many recent capital improvements which include new exterior painting, new parking gate, new entrance gate, dual pane windows throughout, complete upgrades of several units, and filled in swimming pool.

Location

State CA

County Los Angeles

Area 605 - Arcadia

Zoning ARR3YY

Interior

Interior Features Granite Counters, Quartz Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator, Range Hood

Laundry Common Area

Exterior

Parking Features Assigned, Detached Carport

Carport Spaces 3

Fence Wrought Iron

Pool None

Community Features Valley

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Asbestos Shingle

Accessibility None

Total Parking Spaces 15

Private Pool No

Building

Lot Description Lawn, Landscaped, Near Public Transit, Rectangular Lot, Street Level

Faces South

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5783005035

Energy Description 834.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Han Chen • Growth Investment Group Pasade • han.chen@growthinvestmentgroup.com

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833 W Duarte RD #11 Arcadia, CA 91007