Active
772 W Huntington Drive
Arcadia CA, 91007
$5,800,000
$504.96 per sqft
Active
21 Beds
20 Baths
11,486 sqft
Residential
Built in 2004
Listed by Benjamin J. Hsiang with Realty Investment Advisors, Inc.
PRICED TO SELL AT UNDER $505 PER SQUARE FOOT! CONDO COMPS ARE SELLING AROUND $600 PER SQUARE FOOT IN ARCADIA!! Offered for sale by the original owner/developer of the complex, this is an extremely rare opportunity for investors to acquire 7 residential units built in 2004 in prime Arcadia with multiple investment options. Option 1: Convert the units to condos and realize an immediate profit on a resale (Buyer to verify condo conversion possibilities with the city). Option 2: Implement a value-add strategy to increase rents to the market levels and enjoy higher cash flow. Option 3: Buy and hold for very predictable long-term appreciation. Six of the seven units are 3 bedroom 2.5 bath two-story townhouse style residences with access to their units from their own 2 car garage or private front yard. The 7th unit is a approximately 1,800 square feet, featuring 3 bedrooms and 2 bathrooms with an exceptionally spacious master suite. All units feature central a/c and heat, dishwashers, individual washer/dryer hookups and separate meters for gas and electricity. Select units have been upgraded with wood flooring and countertops. Situated on a 15,766 square foot lot, the total building is approximately 11,486 square feet and is extremely well parked with a total of 18 parking spaces: (8) 2 car garages, (1) single car garage and 1 additional open parking space.
24372735
MLSⓇ ID
April 2, 2024
Listed
July 14, 2024
Updated
Map
772 W Huntington Drive
Arcadia CA, 91007
Interior Features
Total Stories
2
Bedrooms
21
Total Bathrooms
20
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.36 Acres
Other Property Details
Area Name
605 - Arcadia
Days on Market
95
Garage
Yes
Garage Spaces
17
Parking
Door-Multi, Door-Single, Garage, One Space, Uncovered
Parking Total
18
View
No
County
Los Angeles
Pool
No
Zoning
ARR3YY
Listing History
Date | Event | Price |
---|---|---|
6/16/2024 | Price Change | $5,800,000 -8% |
Listing Contact:
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 7/14/2024 at 6:20 AM UTC