Arcadia, CA 91007,842 Sunset BLVD

$2,018,750

Est. payment /mo

$2,250,000

10.3%
Est.Price: ?

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842 Sunset BLVD Arcadia, CA 91007

0.39 Acres Lot

SOLD DATE : 03/04/2016

Key Details

Sold Price $2,018,750

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS15257183

Sold Date 03/04/16

HOA Y/N No

Year Built 1954

Annual Tax Amount $7,798

Tax Year 2015

Lot Size 0.392 Acres

Property Sub-Type Multi Family

Property Description

LOCATION! LOCATION! LOCATION! Excellent investment opportunity in Arcadia. Come see this 8-unit multi-family building located in the heart of Arcadia, within the first block south of Huntington Dr. This property has 2 buildings with 4 units in the front and 4 units in the back, each unit has one on-site parking space with storage, and there is a community laundry room. This property is conveniently situated close to Arcadia schools, the mall, public transportation, hospitals, and churches. Each unit has separate electric and gas meters and the owner pays for the water and trash. 7 of the 8 units are occupied and current rents are low for the area. The market rate is about $950-$1350 per unit and the Proforma cap rate is about 4.8%. The owners are very motivated. Act fast or you will miss out! Check with the City to verify all information and the multitude of uses for this AAR3 zoned property. Please DO NOT DISTURB THE OCCUPANTS. THANK YOU.

Location

State CA

County Los Angeles

Area 605 - Arcadia

Interior

Heating Floor Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 8

Total Parking Spaces 16

Building

Lot Description Level, Rectangular Lot, Street Level, Yard

Water Public

Others

Tax ID 5783007008

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ADAM LEACH • NEW NEIGHBOR PROPERTIES
Bought with ADAM LEACH • NEW NEIGHBOR PROPERTIES
agent

Samantha Bell

License ID: 02219998

+1(818) 743-6041

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