16 W Newman Avenue

Arcadia, CA 91007

$1,850,000

List Price

8

bed Beds

4

shower Baths

3,361 sqft

straighten / sqft

1953

calendar_month Built

Property Description

We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential.

Listing Information

List Price $1,850,000
Status Active Under Contract
MLS 24424417
Type Residential Income
Year Built 1953
Lot Size 8,597
Structure Size 3,361
DOM 65
Courtesy Of Realty Investment Advisors, Inc.
Listing Agent Benjamin J. Hsiang DRE#01438644

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4

Exterior Information

Maps

Listing information courtesy of: Benjamin J. Hsiang, Realty Investment Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 10th, 2024 at 1:37 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.