$1,618,000
$1,988,000
18.6%For more information regarding the value of a property, please contact us for a free consultation.
7,805 Sqft Lot
SOLD DATE : 08/29/2024
Key Details
Sold Price $1,618,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23023438
Sold Date 08/29/24
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1923
Lot Size 7,805 Sqft
Property Description
Back on the Market and ready for you!! Price reduced for fast sale!! Privately nestled on a spectacular tree lined street in the heart of Arcadia is this Single Story 2 bdr house on a generous sized lot (nearly 8000 square feet) with THREE DETACHED RENTAL UNITS on the back perimeter of the property built above and around a 4.5 Car Garage. Tremendous value in this location & in the city of Arcadia. Currently the house is rented on a month to month at below market rents for the time and the area. The Main house & one of the back one bedroom units were remodeled just a couple years ago(see pictures).This ONE-OF-A-KIND property has various options such as:1) It is perfect for a buyer that has an extended family who all want to live on the same property, or 2) As a home with monthly rental income from the rear units or 3) As a 4 unit income producing property. If you ever dreamed of owning a multi-unit property where you can live in one of the units while self-managing and collecting rent from the other units, this is right up your alley. The LOCATION is key with a very SHORT WALK to the shops & restaurants on Huntington Dr., the beautiful LA County park along Santa Anita Ave, & of course, a short walk to the Santa Anita Race Track. The location could not be more ideal being situated just below the beautiful Southern California snow capped mountains. One of the main benefits of Arcadia is & has always been renowned for its incredible SCHOOLS!!The remodeled units have newer paint (inside & out), newer pex flex plumbing in the back units, newer wood laminate flooring & newer carpet throughout, newer stainless steel kitchen appliances & garbage disposal. The Main house has a kitchen that is open to the formal dining area with built-in storage. There is a cozy & comfortable fireplace in the living room, all newer window coverings and ceiling fans. This ultra clean and peaceful property has lush landscaping with a gorgeous wrap around yard in between the home & the rental units Between the structures, there is a covered entertainment lounge area with a Bar B Que & chairs. For convenience, there is a community laundry room with coin op machines located on the ground level of the back structure. This is a perfect opportunity with numerous options for just the right family or investor. If you drive by, please do not disturb nor speak with the tenants. Please respect their privacy. Much appreciated!!Call your own agent to obtain more details from the listing agent.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3HY
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Appliance Dryer, Washer
Laundry Common Area, Laundry Room, See Remarks
Exterior
Exterior Feature Barbecue
Garage Door-Multi, Driveway Level, Door-Single, Garage, Off Street, Garage Faces Rear, On Street
Garage Spaces 5.0
Garage Description 5.0
Fence Block
Pool None
Community Features Curbs, Gutter(s), Park
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Neighborhood, Trees/Woods
Roof Type Composition
Parking Type Door-Multi, Driveway Level, Door-Single, Garage, Off Street, Garage Faces Rear, On Street
Total Parking Spaces 7
Private Pool No
Building
Lot Description Front Yard, Lawn, Level, Near Park, Rectangular Lot, Sprinkler System, Street Level, Yard
Faces North
Story 2
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5773019019
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Rosi Ueng • Treelane Realty Group Inc.
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REALTORS® | Lic# 01155199 | 02051274