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8848 Arcadia Avenue

San Gabriel, CA 91775
  • $1,750,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: AR22147757
UPDATED: 62 min ago
$1,750,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Monica Young of Joy Realty Inc. (626-574-0688)


Description

Great opportunity for developing. Large 16,756 sf flat lot (72.5' x 240' apx) LCRA05 zoned. According to the land use & zoning provided by Los Angeles County Department of Regional Planning (https://planning.lacounty.gov/luz/summary/category/residential_zones), 5,000 sf per lot, we strongly recommend verifying with the LA county planning department in person. Existing are three single family homes with separate gas and electric meters (3 gas and 3 electrical meters). Fully rented with lots of upside potential. Average 1100 sf taped, front unit is 2bd/1ba, one car garage. Middle unit is 2bd and a den/3rd bedroom with carport, rear unit is 2br/1ba and a carport. Block wall borders along the east side of the property. Convenient location, located just two blocks off Huntington Drive, adjacent to San Marino and Pasadena's Chapman Woods area. H-Mart grocery store, Sprouts Market, Grocery Outlet, Michillinda Park, Westfield Arcadia Mall and 210 freeway are just within a 5 min drive. If you are dreaming of building your own custom home in the future, this could be your ideal location for many upcoming newer developments. Each unit has its own water heater, laundry hookups and private yard. Some units may have copper plumbing replaced as maintenance needs arose over the years.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T11:28:28.35. 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 Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130763880
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8848 Arcadia Avenue San Gabriel, CA 91775

  • Price: $1,750,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 62 min ago
  • ID#: AR22147757
0
Beds
0
Baths
0
½ Baths
0.38
Acres
1948
Built
Neighborhood:
654 - San Gabriel
County:
Los Angeles
Area:
654 - San Gabriel
Property Description
Great opportunity for developing. Large 16,756 sf flat lot (72.5' x 240' apx) LCRA05 zoned. According to the land use & zoning provided by Los Angeles County Department of Regional Planning (https://planning.lacounty.gov/luz/summary/category/residential_zones), 5,000 sf per lot, we strongly recommend verifying with the LA county planning department in person. Existing are three single family homes with separate gas and electric meters (3 gas and 3 electrical meters). Fully rented with lots of upside potential. Average 1100 sf taped, front unit is 2bd/1ba, one car garage. Middle unit is 2bd and a den/3rd bedroom with carport, rear unit is 2br/1ba and a carport. Block wall borders along the east side of the property. Convenient location, located just two blocks off Huntington Drive, adjacent to San Marino and Pasadena's Chapman Woods area. H-Mart grocery store, Sprouts Market, Grocery Outlet, Michillinda Park, Westfield Arcadia Mall and 210 freeway are just within a 5 min drive. If you are dreaming of building your own custom home in the future, this could be your ideal location for many upcoming newer developments. Each unit has its own water heater, laundry hookups and private yard. Some units may have copper plumbing replaced as maintenance needs arose over the years.
Exterior Features

Carport Spaces 2 Carport YN Yes Fencing BlockChain LinkWood Foundation Details Slab Lot Features Back YardFront YardLawnYard Number Of Separate Electric Meters 3 Parking Features Attached CarportDirect AccessDoor-SingleDrivewayGarageShared Driveway Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas Range Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminateVinyl Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)All Bedrooms Down Window Features Blinds

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Electric Standard Electric Expense 0 Garage YN Yes Gross Income 74400 Gross Scheduled Income 74400 Insurance Expense 1333 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideIn KitchenLaundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 9000 Net Operating Income 60287 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 14113 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 600 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 1660 Water Source Public Zoning Lcra05



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T11:28:28.35. 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 Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Monica Young of Joy Realty Inc. (626-574-0688)