1018 Arcadia Avenue, Arcadia, CA 91007

About this property

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.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$6,785,000

Sold May 2023 · listed $7,750,000, on market March 2023 · MLS #P1-12898 · Source: CRMLS

Listing Agent: Li-Chwen Sy · Listing Office: Coldwell Banker Realty · Contact: (626) 449-5222 · Bought with: WEN LUO · KINGSTON REALTY

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