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    424 W Arrow

    Claremont, CA 91711
    • $1,100,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: CV20197800
    UPDATED: 55 min ago
    $1,100,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,897
      SQFT
    • $380
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Mixed use complex located on a high-traffic corner lot in a high-income community. Sited on the corner of two main roads, this property provides endless possibilities and has tons of potential for various uses. The city of Claremont is currently working on plans to expand the Village to the south, meaning that this property is likely to be adjacent to new residential units, shops and restaurants to be developed in the near future. Interested parties are encouraged to contact the city of Claremont regarding the "Village South Expansion." Zoned Commercial/Professional, the property currently has two commercial units, three residential units, and 8 total parking spaces. The two commercial units are 725 and 265 square feet, both currently occupied by month-to-month tenants. There are three residential units on the property. The first is 2 stories and approx 712 square feet with two bedrooms and two bathrooms. The second is located on the top level and is 575 square feet with two bedrooms and one bathroom. The third residential unit is an approx 200 square foot ground-floor studio. The residential units have two attached storage/utility rooms with separate entrances totaling 420 square feet of storage space, a private back courtyard and a two car carport.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T15:34:08.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/110344409
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    424 W Arrow Claremont, CA 91711

    • Price: $1,100,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: CV20197800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    2,897
    SQFT
    $380
    $/SQFT
    1941
    Built
    Neighborhood:
    683 - Claremont
    County:
    Los Angeles
    Area:
    683 - Claremont
    Property Description
    Mixed use complex located on a high-traffic corner lot in a high-income community. Sited on the corner of two main roads, this property provides endless possibilities and has tons of potential for various uses. The city of Claremont is currently working on plans to expand the Village to the south, meaning that this property is likely to be adjacent to new residential units, shops and restaurants to be developed in the near future. Interested parties are encouraged to contact the city of Claremont regarding the "Village South Expansion." Zoned Commercial/Professional, the property currently has two commercial units, three residential units, and 8 total parking spaces. The two commercial units are 725 and 265 square feet, both currently occupied by month-to-month tenants. There are three residential units on the property. The first is 2 stories and approx 712 square feet with two bedrooms and two bathrooms. The second is located on the top level and is 575 square feet with two bedrooms and one bathroom. The third residential unit is an approx 200 square foot ground-floor studio. The residential units have two attached storage/utility rooms with separate entrances totaling 420 square feet of storage space, a private back courtyard and a two car carport.
    Exterior Features

    Carport Spaces 2.00 Construction Materials StoneStucco Entry Level 1 Fence YN Yes Fencing Block Lot Features 2-5 Units/AcreCorner LotLevel With StreetLot 10000-19999 SqftRectangular LotLevel Lot Size Dimensions 129X94 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Roof Flat Topography Flat Uncovered Spaces 6.00

    Interior Features

    Building Features Living Quarters Condo Area Units Square Feet Cooling Central AirWall/Window Unit(S) Cooling YN Yes Heating CentralWall Furnace Heating YN Yes Laundry Features None Office Class C

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Multi-FamilyOfficeRetail Building Area Units Square Feet Building Status Existing Business Type Barber/BeautyClothing Cap Rate 4.85 Country Us Current Financing None Electric Standard Gross Scheduled Income 81570.00 Industrial Type Warehouse/Office Insurance Expense 2000.00 Investment Property YN Yes Land Lease YN No Land Use Multi-FamilyOfficeRetail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 60655.00 Number Of Units Leased 3 Occupancy Occupied Operating Expense 17075.00 Other Income1 5040.00 Property Sub Type Mixed Use Real Estate Tax Expense 15075.00 Residential Square Footage 1487 Retail Center Type Mixed Use Retail Square Footage 990 Special Listing Conditions Trust Tax Annual Amount 15075.00 Tax Rate 1.12 Total Monthly Rent 2093 Utilities Electricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 3840 Vacancy Allowance Rate 5.00 Water Source Private Year Built Source Assessor Zoning Commercial Professional

    Listing provided courtesy of Mason Prophet of Wheeler Steffen Sotheby's Int.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T15:34:08.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
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    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555