1132 Duarte Road

Arcadia, CA 91007

$9,000,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $463 / sqft

1962

calendar_month Built

Property Description

Priced at 6% Proforma 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 6% Proforma CAP Rate, 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).

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 1132 Duarte Road
City Arcadia
State CA
Zip 91007
County Los Angeles
Listing Agent Han Chen DRE#01749321
Courtesy Of Growth Investment Group Pasade
MLS AR24030166
List Price $9,000,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 30,379
Year Built 1962
DOM 118

Exterior Information

Maps

Listing information courtesy of: Han Chen, Growth Investment Group Pasade . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 7th, 2024 at 1:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.