772 W Huntington Dr - Apartments FOR SALE


Arcadia, CA 91007
$5,295,000 USD
424-377-6001
772 W Huntington Dr, Arcadia, CA for Sale
$5,295,000 USD
Apartments - FOR SALE
1/14
null | 2.96% Cap Rate

772 W Huntington Dr
Arcadia, CA 91007


HIGHLIGHTS

  • Prime Arcadia Location
  • Offered for Sale by the Original Owner/Developer
  • Pro Forma 4.75% Cap Rate in an A Location
  • All 3 Bedroom Unit
  • Condo Conversion Possibility (Buyer to verify)
  • Central A/C & Heat and Individual Washer/Dryer Hookups

OVERVIEW

Realty Investment Advisors proudly presents 772 W. Huntington Drive, a rare 2004 construction seven-unit building in prime Arcadia. Originally built to condo specifications, six of the seven units are 3 bedroom 2.5 bath appx. 1,600 square foot two-story townhouse style residences with access to their units from their own 2 car garage or private front yard. The 7th unit is an 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. Two units were recently renovated and leased out for $3,900 and $4,100 with multiple rental applications for each unit. Tremendous rental upside remains for the other 5 units. 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. ADU conversion possibilities also exist at the rear of the property.

FOR SALE DETAILS

PRICE

$5,295,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

7

PRICE/UNIT

$756,429

CAP RATE

2.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,766 SF

ZONING

ARR3YY

APN/PARCEL ID

5783-010-002

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
424-377-6001

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Benjamin HsiangRealty Investment AdvisorsMore Info
424-377-6001

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