$6,298,000

1137 W DUARTE Road, Arcadia, CA 91007

Days on Purplebricks: 42

Property Description

Located in a highly desirable area of Arcadia, Realty Investment Advisors is proud to present 1137 W. Duarte Rd, a prime 18 unit investment opportunity! This well-maintained property has a great unit mix of 16 (sixteen) spacious 2 bedroom, 1 bathroom units and 2 (two) 1 bedroom, 1 bathroom units. With no rent control and current rents well below market, this offers an investor the opportunity to add value and increase the rental income. Other features include 20 covered on-site parking spaces & 4 uncovered spaces, a lot size over 28,000 square feet, a swimming pool, pitched roofs and neither structure requires soft-story retrofit! The excellent location is just a 5-minute walk to Ranch 99 Market, VONS grocery store and is a short drive to the bustling Westfield Santa Anita Mall! Arcadia is currently ranked as the second-best public school district in the County, making it a highly desirable rental city with a low vacancy rate due to stable family tenants.

Features

  • Property Type:

    • Other
  • County:

    • Los Angeles
  • Year Built:

    • 1958
  • Parking Features:

    • Assigned
    • Uncovered
    • Garage
    • Driveway - Combination
    • Street
  • Lot Area:

    • 28217
  • MLS Name: CRMLS
  • MLS Number: 19444298
  • Listing Agent: Alexander Metaxas
  • Brokerage: Realty Investment Advisors, In
  • Last updated: 2019-03-18
  • Last checked: 2019-04-25
  • Listing status: Active
  • Agent License: DRE #01784652

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$6,298,000

1137 W DUARTE RoadArcadia, CA 91007

Bed Bath
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42 days on Purplebricks

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