772 Huntington Drive, Arcadia, CA 91007
-
Listed Price :
$5,800,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
2004
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
772 Huntington Drive |
| City |
Arcadia |
| State |
CA |
| Zip |
91007 |
| County |
Los Angeles |
| Listing Agent |
Benjamin J. Hsiang DRE #01438644 |
| Co-Listing Agent |
Alexander Metaxas DRE #01784652 |
| Courtesy Of |
Realty Investment Advisors, Inc. |
| List Price |
$5,800,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
15,770 |
| Year Built |
2004 |
Listing information courtesy of: Benjamin J. Hsiang, Alexander Metaxas, Realty Investment Advisors, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 15th, 2024 at 10:21 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.
