28 Bonita St - Apartments FOR SALE


Arcadia, CA 91006
$2,280,000 USD
626-447-5100
28 Bonita St, Arcadia, CA for Sale
$2,280,000 USD
Apartments - FOR SALE
1/8
null | 3.52% Cap Rate

28 Bonita St
Arcadia, CA 91006


HIGHLIGHTS

  • Prime Arcadia location near The Shops at Santa Anita mall, supermarkets, golf course, restaurants, and 210 freeway access.
  • Property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity.
  • Exceptional demographics with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius.
  • Potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer verification.

OVERVIEW

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 verification. 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.

FOR SALE DETAILS

PRICE

$2,280,000 USD

PRICE/SF

$623 USD /SF

# OF UNITS

6

PRICE/UNIT

$380,000

CAP RATE

3.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,008 SF

ZONING

R3HY

APN/PARCEL ID

5773-019-020

ASK ABOUT THIS PROPERTY

Jo LinPhoebe LiuMore Info
626-447-5100

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Jo LinPhoebe LiuMore Info
626-447-5100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.