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    833 W Duarte Road

    Arcadia, CA 91007
    • $3,900,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: AR20145623
    UPDATED: 217 min ago
    $3,900,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,838
      SQFT
    • $441
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    THE 833 is 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 City of Arcadia, CA; one of the strongest and healthiest sub-market in West San Gabriel Valley area. Known for its high barriers to entry and low inventory for multifamily investment offering has made this city one of the most desirable locations for multifamily investment. 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. 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. The property+GGs recent capital improvements are dual pane windows throughout in every unit and filled in swimming pool. Several units have been partially upgraded with new kitchen cabinets; granite kitchen countertops, tiled bathroom, and Pergo laminate flooring.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-21T00:29:00.26. 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/108170002
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    833 W Duarte Road Arcadia, CA 91007

    • Price: $3,900,000
    • Status: Active
    • Updated: 217 min ago
    • ID#: AR20145623
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    8,838
    SQFT
    $441
    $/SQFT
    1960
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    THE 833 is 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 City of Arcadia, CA; one of the strongest and healthiest sub-market in West San Gabriel Valley area. Known for its high barriers to entry and low inventory for multifamily investment offering has made this city one of the most desirable locations for multifamily investment. 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. 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. The property+GGs recent capital improvements are dual pane windows throughout in every unit and filled in swimming pool. Several units have been partially upgraded with new kitchen cabinets; granite kitchen countertops, tiled bathroom, and Pergo laminate flooring.
    Exterior Features

    Carport Spaces 15.00 Garage Spaces 0.00 Lot Features Lot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 15.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 0.00

    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 Laundry Features Common AreaCommunity Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.87 Community Features Valley Country Us Current Financing None Electric Expense 1076.00 Elevation Units Feet Fuel Expense 260.00 Gardener Expense 1634.00 Gross Income 219732.00 Gross Multiplier 17.75 Gross Operating Income 213140.00 Gross Scheduled Income 219732.00 Insurance Expense 4497.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3677.00 Net Operating Income 151117.00 New Construction YN No New Taxes Expense 41761.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Wall AC 12 Number With Dishwasher 0 Number With Disposal 12 Number With Range 12 Number With Refrigerator 0 Operating Expense 62023.00 Pest Control Expense 623.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 18246.00 Total Expenses 62023.00 Trash Expense 2356.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3196.00 Water Source Public Workmans Compensation Expense 0.00 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 2020-10-21T00:29:00.26. 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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