Sold
Listed By:
Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
Sold By:
Realty Investment Advisors, Inc.
Address
132 Diamond Street, Arcadia, CA
Price
$ 5,800,000
Property Attributes
  • MLS#23305845
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityArcadia
  • Zip91006
  • Style
  • Price$ 5,800,000
  • Bedrooms23
  • Full Bathrooms30
  • Half Bathrooms0
  • Sqr Footage11592
  • Lot Size0.3653 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

We are pleased to introduce an exclusive offering: a 10-unit condo-style apartment building situated in the highly sought-after area of prime Arcadia. This remarkable opportunity marks the first-ever listing of the property, presented by its original owner and developer. For astute investors, this represents an exceedingly rare chance to acquire a property of superior 1988 construction in a flourishing rental market. Situated on a generous 15,912 square foot lot, the buildings are approximately 11,592 square feet. The unit composition consists of two 3-bedroom, 2.5-bath units, seven 2-bedroom, 2.5-bath units, and a 3-bedroom + den, 2.5-bath unit. The property boasts ample parking with a total of 24 spaces available, including ten 2-car garages and an additional four guest parking spaces. All units are designed in a two-story townhouse style and offer modern comforts such as central air conditioning and heating, dishwashers, dedicated washer/dryer hookups, separate gas and electricity meters, and direct access to the unit from their assigned garages. Certain units have received upgrades like wood flooring and countertops, and there may be a potential for future condo conversion (subject to verification by the buyer with the city). This unique property opportunity is not to be missed.

Price History
8/31/2023 Listed $6,250,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 91006

Price
AVG $2.55M
$5.8M