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    219 California Street

    Arcadia, CA 91006
    • $4,200,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: AR20145603
    UPDATED: 61 min ago
    $4,200,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,557
      SQFT
    • $491
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    219 California Street is an 8-unit turn-key, fully upgraded apartment in the City of Arcadia, California. The property is located within the award-winning Arcadia School District. This offering presents a rare opportunity for investors to acquire a ready to operate and cash-flow property in a superb location; the property is surrounded by condominiums on all sides. The area has a superb demographics with average household income of $102,980 within a mile radius! This offering provides a high 3.81% CAP Rate with 4.37% Proforma CAP Rate.The property is a large 8,577 square foot building and situated on a large 11,267 square feet lot. It offers excellent unit mix with ALL three bedroom and two bath units. Built in 1959, the property has been thoroughly upgraded in the past 24 months. The major systems have been completely upgraded, such as new copper plumbing, tankless water heater, new central A/C and heat in each unit, washer/dryer in each unit, new kitchen cabinet/countertops, new flooring and new bathroom, new double pane windows throughout, and so much more.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T23:27:10.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108219703
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    219 California Street Arcadia, CA 91006

    • Price: $4,200,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: AR20145603
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    8,557
    SQFT
    $491
    $/SQFT
    1958
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    219 California Street is an 8-unit turn-key, fully upgraded apartment in the City of Arcadia, California. The property is located within the award-winning Arcadia School District. This offering presents a rare opportunity for investors to acquire a ready to operate and cash-flow property in a superb location; the property is surrounded by condominiums on all sides. The area has a superb demographics with average household income of $102,980 within a mile radius! This offering provides a high 3.81% CAP Rate with 4.37% Proforma CAP Rate.The property is a large 8,577 square foot building and situated on a large 11,267 square feet lot. It offers excellent unit mix with ALL three bedroom and two bath units. Built in 1959, the property has been thoroughly upgraded in the past 24 months. The major systems have been completely upgraded, such as new copper plumbing, tankless water heater, new central A/C and heat in each unit, washer/dryer in each unit, new kitchen cabinet/countertops, new flooring and new bathroom, new double pane windows throughout, and so much more.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 1.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Laundry Features Dryer IncludedGas Dryer HookupInside Levels Two Window Features Double Pane WindowsEnergy Star Qualified Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SuburbanValley Country Us Electric Standard Electric Expense 295.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 720.00 Gross Income 235200.00 Gross Operating Income 235200.00 Gross Scheduled Income 240000.00 Insurance Expense 3856.00 Land Lease YN No Laundry YN Yes Maintenance Expense 6657.00 Net Operating Income 159924.00 New Construction YN No New Taxes Expense 46140.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number Wall AC 0 Number With Dishwasher 8 Number With Disposal 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 75276.00 Professional Management Expense 10794.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 20000.00 Total Expenses 75276.00 Trash Expense 2418.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 2634.00 Water Source Public Year Built Source Assessor Zoning Arr3yy

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-25T23:27:10.57. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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