41 Alta St - Apartments FOR SALE


Arcadia, CA 91006
$1,750,000 USD
310-550-2508
41 Alta St, Arcadia, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/11
null | 3.71% Cap Rate

41 Alta St
Arcadia, CA 91006


HIGHLIGHTS

  • Impressive Market Fundamentals
  • Exceptional Arcadia Location; Across from Santa Anita Golf Course
  • All Two-Bedroom Units
  • ±2,910 Building on ±8,044 SF ARR3PH Lot
  • Current Rents ±38% Under Market; Area Subject to only AB 1482
  • Zero-Soft Story

OVERVIEW

Constructed in 1962 on ±8,044 square foot lot, and comprised of two separate buildings and the garage, 41 Alta Street is a four-unit multifamily property with a total living area of ±2,910 square feet. The property is separately metered for gas and electric, and offers an on-site laundry facility, four single-car garages, and uncovered parking. 41 Alta Street boasts an excellent unit mix of all two-bedroom/one-bathroom units. The units offer individual water heaters, vinyl and tile flooring, gas stoves, refrigerators, ceiling fans, wall units for heating and cooling, and ample storage space. Select units offer laminate wood flooring.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$601 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

3.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Excellent Arcadia Location | 4 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,044 SF

ZONING

R3

APN/PARCEL ID

5773-013-011

ASK ABOUT THIS PROPERTY

Priscilla NeeCBRE, Inc.More Info
310-550-2508

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Priscilla NeeCBRE, Inc.More Info
310-550-2508

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