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Todd Kaufman

todd@kaufmanproperties.com +1(805) 206-4313

Listed by Han Chen • Growth Investment Group Pasade

$ 5,250,000

Est. payment -/mo

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Active

833 West Duarte Road Arcadia, CA 91007

8,838 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,838 sqft

Price per Sqft $594

MLS Listing ID AR-25135600

Style Mid Century Modern

Year Built 1960

Lot Size 0.378 Acres

Property Sub-Type Apartment

Property Description

Pride-of-ownership 12-unit Value-add in the heart of Arcadia, No Local Rent Control, Excellent unit mix, 2 ADUs Initial plan included, Arcadia School, Convenient location near Santa Anita Mall + Santa Anita Park, shopping + dining, groceries stores, medical offices, schools, library, etc. 833 W Duarte Rd, a Pride-of-ownership 12-unit value-add apartment in the heart of the City of Arcadia, California. There is no local rent control in Arcadia, thus providing maximum upside potential (under California AB1482 - up to 10% maximum annual rent increase). This property is located within the prestigious Arcadia Unified School District. It offers excellent demographics of ?$132,826 average household income within a mile radius! The sale includes initial drawing for 2 additional ADUs to be built above the carport area (not approved - buyer to continue the permitting process). The property is a well maintained 2 story garden style apartments with a center courtyard. The courtyard area used to be a swimming pool that had been filled up with permits. The property has a total of situated on a large 16,481 square feet lot and was built in 1960. It is a garden style two-story apartment with a center courtyard (there was a swimming pool that was filled in - with permits). The property offers excellent unit mix with one (1) large x 3bedroom+3bathroom, one (1) x 2bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and nine (9) x 1bedroom+1bathroom. One unit has a private patio area (sundeck) above carport. The 2 ADUs plan are to build above the carport - by the sundeck area. Each unit is sizable with a functional layout. Several units have been fully upgraded with modern upgrades such as new luxury wood vinyl flooring, granite kitchen countertops, tiled bathroom, and shower door. The property is separately metered for electricity and gas, windows A/C, wall heater, and individual water heater. There are a total of 15 parking spaces which are provided by 2 detached carports in the back (12 carport spaces) and 3 open spaces parking in the front of the building. Arcadia does not have any parking soft story retrofit is requirement. The property has undergone many recent capital improvements which include new exterior painting, new parking gate, new entrance gate, dual pane windows throughout, complete upgrades of several units, and filled in swimming pool.

Location

State CA

County Los Angeles

Area 605 - Arcadia

Zoning ARR3YY

Interior

Interior Features Granite Counters

Heating Wall Furnace

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Laundry Common Area, Community

Exterior

Parking Features Assigned, Detached Carport

Pool None

Community Features Valley

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

View Y/N Yes

View Mountain(s)

Building

Lot Description Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Rectangular Lot

Sewer Public Sewer

Todd Kaufman

Agent | License ID: 01893578

+1(805) 206-4313

Todd Kaufman

833 West Duarte Road Arcadia, CA 91007

Key Details

Location

Interior

Exterior

Building

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833 West Duarte Road