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listing
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Residential IncomeFor Sale
$5,800,000
772 W Huntington Drive
Arcadia, CA 91007
Listed by Benjamin J. Hsiang DRE#01438644 [email protected] Realty Investment Advisors, Inc.
MLS: California Regional MLS (CRMLS)
21Beds
20Baths
11,486Sq Ft
Est. Mortgage
$30,039/mo

PRICED TO SELL AT UNDER $505 PER SQUARE FOOT! CONDO COMPS ARE SELLING AROUND $600 PER SQUARE FOOT IN ARCADIA!! Offered for sale by the original owner/developer of the complex, this is an extremely rare opportunity for investors to acquire 7 residential units built in 2004 in prime Arcadia with multiple investment options. Option 1: Convert the units to condos and realize an immediate profit on a resale (Buyer to verify condo conversion possibilities with the city). Option 2: Implement a value-add strategy to increase rents to the market levels and enjoy higher cash flow. Option 3: Buy and hold for very predictable long-term appreciation. Six of the seven units are 3 bedroom 2.5 bath two-story townhouse style residences with access to their units from their own 2 car garage or private front yard. The 7th unit is a approximately 1,800 square feet, featuring 3 bedrooms and 2 bathrooms with an exceptionally spacious master suite. All units feature central a/c and heat, dishwashers, individual washer/dryer hookups and separate meters for gas and electricity. Select units have been upgraded with wood flooring and countertops. Situated on a 15,766 square foot lot, the total building is approximately 11,486 square feet and 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.

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Information courtesy of Realty Investment Advisors, Inc. is subject to verification and is not guaranteed.
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