$6,785,000
$7,750,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
1018 Arcadia AVE Arcadia, CA 91007
0.43 Acres Lot
Key Details
Sold Price $6,785,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-12898
Sold Date 05/22/23
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1988
Lot Size 0.430 Acres
Property Description
This is a rare opportunity to own a 10 units condo style property located in the heart of Arcadia that is known for its excellent school district. The complex is within the proximity of all the living conveniences, shopping mall, market, freeway, and restaurants just to name a few. All units have 3 bedrooms, 2 1/2 bathrooms, and an attached 2-car garage on the ground level with automatic operating door and stairs access to the front door. The first floor features a kitchen with built-in appliances and refrigerator, separate dining area, bright living room with fireplace, and a 1/2 bath. The second floor features a skylight at the stairway, a master bedroom suite, 2 additional bedrooms share a full bath with stacked washer and dryer tucked inside. There are two buildings on the property. The front building has 8 units of approximately 1350 square feet that were almost identical in floor plans and all have an entrance with a gardening area and balconies off the living room and master bedroom. The back building houses two units of approximately 1100 square feet each and with private front patios. The complex also offers 4 guest parking spaces and has well-designed evening lighting for the safety and enjoyment of the tenants. The owner may elect to a 1031 exchange.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3*
Rooms
Basement Sump Pump
Interior
Interior Features Built-in Features, Balcony, Cathedral Ceiling(s), Multiple Staircases, Recessed Lighting, All Bedrooms Up, Primary Suite
Heating Central
Cooling Central Air
Fireplaces Type Electric, Living Room
Fireplace Yes
Appliance Built-In Range, Dishwasher, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Laundry See Remarks, Stacked
Exterior
Parking Features Attached Carport, Driveway Down Slope From Street, Door-Single, Garage, Garage Door Opener, Guest, Shared Driveway, Garage Faces Side, See Remarks
Garage Spaces 20.0
Carport Spaces 4
Garage Description 20.0
Fence Block, Vinyl
Pool None
Community Features Golf, Sidewalks
View Y/N No
View None
Total Parking Spaces 24
Private Pool No
Building
Lot Description Front Yard
Faces North
Story 3
Entry Level Multi/Split
Sewer Public Sewer
Level or Stories Multi/Split
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5783001032
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
Lease Land No
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Bought with WEN LUO • KINGSTON REALTY