772 W Huntington Dr Arcadia , CA 91007
Sale
$6,300,000
7 Units
21 Beds
20 Baths
11,486 Area(sq.ft.)
15,770 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 3 | 2.50 | No | $ 3,500 | $ 14,750 | $ 21,000 |
| Unit 2 | 1 | 3 | 2 | No | $ 2,500 | $ 2,500 | $ 3,600 |
| 2 | 7 | 21 | 20 | $ 23,500 | $ 91,000 | $ 129,600 |
| MLS #: | 24-372735 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 548 |
| Price per unit: | $ 900,000 |
| Year Built: | 2004 |
Property Details
We are pleased to present for sale this 7 unit condo style apartment building in prime Arcadia. Offered for sale by the original owner/developer of the property, this is an extremely rare opportunity for an investor to acquire a 2004 construction quality asset in a thriving rental market. Situated on a 15,766 square foot lot, the building is approximately 11,486 square feet and features a unit mix of six 3 bedroom 2.5 bath units and one 3 bedroom 2 bath unit. The property is extremely well parked with a total of 18 parking spaces: (8) 2 car garages, (1) single car garage and 1 additional open parking space. All units are two-story townhouse style with central a/c and heat, dishwashers, individual washer/dryer hookups, separate meters for gas and electricity, and direct access to the unit from their assigned garage. Select units have been upgraded with wood flooring and countertops and there may be a potential future condo conversion possibility (Buyer to verify with the city).Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 200,790 |
| Total Annual Expense: | $ 96,493 |
| Net Operating Income: | $ 104,297 |
| Gross Annual Income: | $ 207,000 |
| Cap Rate: | 1.66% |
| Gross Rent Multiplier: | 30.43 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | ARR3YY |
| Parking Garage: | Garage - 2 Car, Garage - 1 Car, Uncovered, Parking Space |
| Covered Parking: | 17 |
| Total Parking: | 18 |
Interior
| AC/Cooling: | Central |
| Equipment: | Gas Or Electric Dryer Hookup, Range/Oven |
| Heating: | Central |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
