1132 W Duarte RD Arcadia , CA 91007
Sale
$9,250,000
20 Units
7 Beds
4 Baths
19,432 Area(sq.ft.)
30,379 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | 3 | 2 | No | $ 2,574 | $ 25,740 | $ 34,000 |
| Unit 2 | 2 | 3 | 1 | No | $ 2,200 | $ 4,400 | $ 6,400 |
| Unit 3 | 8 | 1 | 1 | No | $ 1,981 | $ 15,845 | $ 19,200 |
| 3 | 20 | 44 | 30 | $ 45,988 | $ 392,960 | $ 506,400 |
| MLS #: | AR24030166MR |
| Days On Market: | 66 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 476 |
| Price per unit: | $ 462,500 |
| Year Built: | 1962 |
Property Details
Priced at 4.07% CAP Rate and Low Price/SF for the area, 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 owner s 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).Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 543,724 |
| Total Annual Expense: | $ 167,712 |
| Net Operating Income: | $ 376,012 |
| Cap Rate: | 4.07% |
| Gross Rent Multiplier: | 16.67 |
| Actual Gross Rent: | $ 45,985 |
Structure
| Community Features: | Valley |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | ARR3YY |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Driveway |
| Total Parking: | 30 |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Laundry: | Community, Laundry Area |
| Laundry Equipment: | Lease |
Exterior
| Pool: | True |
| Roof: | Asbestos Shingle |
| Spa: | No |
Detailed Map
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