28 Bonita Street new

Arcadia,CA 91006

$ 2280000

1 Bed

1 Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24249825

Bedrooms 1

HOA Y/N No

Lot Size 8,010 Sqft

Property Description

Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.
Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.

Location

State CA

County Los Angeles

Area Arcadia (91006)

Zoning Public Rec

Building

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $157

Acceptable Financing Cash,Conventional

Space Rent $1,794

Listing Terms Cash,Conventional

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