Listed by Han Chen with Growth Investment Group Pasade

833 W Duarte Road

Arcadia, CA, 91007

$4,790,000

$541 per ft²
$4,790,000
$541 per ft²
Active
Active
 - For Sale
carpenters-square
8,838 ft²
property_type
Multi-family
calendar
Built 1960
THE 833, a 12-unit apartment in the City of Arcadia, California. This offering presents a rare opportunity to investors to acquire a strategically located, value-add apartment in the heart of the City of Arcadia, CA; one of the strongest and healthiest sub-market in West San Gabriel Valley area. This property is located within the prestigious Arcadia Unified School District, and it does not have any local rent control (allows highest rent increases per California AB1482 – 10% maximum). It offers a superb demographics of ±$121,527 average household income within a mile radius! THE 833 is situated on a large 16,481 square feet lot and was built in 1960. It is a garden style two-story apartment with center courtyard (seller recently filled in the swimming pool). 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. There is a clear upside for ADU potential in the carport area (buyer to verify). Each unit is sizable with functional layout. Some units have been 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 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 (NO parking soft story retrofit is required). The property’s recent capital improvements are dual pane windows throughout in every unit and filled in swimming pool.
MLS® ID:
AR23043143
Listed:
3/14/23
Updated:
3/21/23

Interior Features

Kitchen Appliances
Gas Range, Water Heater
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Floor Description
Laminate, Vinyl, Wood
Fireplace
None
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.38 acres lot
Lot Details
Level, Near Public Transit, Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
605 - Arcadia
Association Amenities
Suburban
Garage
No
Parking
Assigned, Detached Carport, Driveway
Parking Total
15.0
View
Y
County
Los Angeles
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
ARR3YY
Buyer Agency Compensation
1.500

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 3/21/23 at 7:56 AM UTC

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