Listed By:
Kirby Ellis with Coldwell Banker Realty; 714-267-2000
Address
32 Bonita Street, Arcadia, CA
Price
$ 2,250,000
Property Attributes
  • MLS#OC23023438
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityArcadia
  • AreaArcadia
  • Zip91006
  • StyleQuadruplex
  • Price$ 2,250,000
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2385
  • Lot Size7,806 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Back on the Market and ready for you!! Privately nestled on a spectacular tree lined street in the heart of Arcadia is this Single Story Two bedroom house on a generous sized lot (nearly 8000 square feet) with THREE DETACHED RENTAL UNITS on the back perimeter of the property built above and around a 4.5 Car Garage. Tremendous value in this location & in the city of Arcadia. Currently the house is rented on a month to month at below market rents for the time and the area. The Main house & one of the back one bedroom units were remodeled just a couple years ago (see pictures). This ONE-OF-A-KIND property has various options such as: 1) It is perfect for a buyer that has an extended family who all want to live on the same property, or 2) As a home with monthly rental income from the rear units or 3) As a 4 unit income producing property. If you ever dreamed of owning a multi-unit property where you can live in one of the units while self-managing and collecting rent from the other units, this is right up your alley. The LOCATION is key with a very SHORT WALK to the shops & restaurants on Huntington Dr., the beautiful LA County park along Santa Anita Ave, & of course, a short walk to the Santa Anita Race Track. The location could not be more ideal being situated just below the beautiful Southern California snow capped mountains. One of the main benefits of Arcadia is & has always been renowned for its incredible SCHOOLS!! The remodeled units have newer paint (inside & out), newer pex flex plumbing in the back units, newer wood laminate flooring & newer carpet throughout, newer stainless steel kitchen appliances & garbage disposal. The Main house has a kitchen that is open to the formal dining area with built-in storage. There is a cozy & comfortable fireplace in the living room, all newer window coverings and ceiling fans. This ultra clean and peaceful property has lush landscaping with a gorgeous wrap around yard in between the home & the rental units Between the structures, there is a covered entertainment lounge area with a Bar B Que & chairs. For convenience, there is a community laundry room with coin op machines located on the ground level of the back structure. This is a perfect opportunity with numerous options for just the right family or investor. If you drive by, please do not disturb nor speak with the tenants. Please respect their privacy. Much appreciated!! Call your own agent to obtain more details from the listing agent.

Price History
2/14/2023 Listed $25,888,000
2/14/2023 91% - $2,588,000
4/27/2023 6% - $2,450,000
6/27/2023 9% - $2,250,000

General Features

Sewer SewerTapPaid
Heating WallFurnace
Cooling WallWindowUnits
Utilities ElectricityConnected,SewerConnected,WaterConnected
Possession Negotiable
Roof Composition
Appliances Dryer,Washer
Exterior Features Barbecue
Zoning ARR3HY
Garage Spaces 5.0
Pool Features None
Construction Materials Stucco
Year Built 1923
Tenant Pays AllUtilities
View Mountains,Neighborhood,TreesWoods
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 0.0
Community Features Curbs,Gutters,Park
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Contingency Seller reserves the right to do a 1031 Tax Exchange at no cost to the buyer
Facing Direction North
Garage Y/N Yes
Special Listing Conditions Standard
Status Active
Directions 210 Freeway to Santa Anita St. Go south about 1/2 mile,past Huntington Drive,and with the huge park on your right,turn left on Bonita. just a few houses down on your right.
City Arcadia
Entry Location 1
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 2.0
Total Units 4
MLS Area 605 - Arcadia
Lot Size Square Feet 7805.0
Private Pool No
Waterfront Y/N No
Carport Spaces 0.0
Carport Y/N No
Number of Units Leased 4
Street Name Bonita
Spa Features None
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Property Condition UpdatedRemodeled
Trash Expense 0.0
Walk Score 71
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Days on Market 277
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 27
Total Actual Rent 5600.0
Property Sub Type Additional Quadruplex
MobileHomeRemainsYN No

Interior Features

Flooring Carpet,Laminate
Fireplace Features LivingRoom,WoodBurning
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Street
Laundry Features CommonArea,LaundryRoom,SeeRemarks
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing Block
Parking Features DoorMulti,DrivewayLevel,DoorSingle,Garage,OffStreet,GarageFacesRear,OnStreet
Lot Features FrontYard,Lawn,Level,NearPark,RectangularLot,SprinklerSystem,StreetLevel,Yard
Water Source Public
Total Parking 7.0
Inclusions Coin Operated Washer and Dryer Machines
Lot Size Area 7805.0
Number of Buildings 2
Spa No
Building Area Total 2385.0
Lot Size Acres 0.1792
Road Surface Type AlleyPaved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Road Frontage Type Alley,CityStreet
Crops Included Y/N No
Road Responsibility PrivateMaintainedRoad
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

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
$2.25M
Visits
AVG 55
3
Data Provided by Inside Real Estate®
Year Built
AVG 1947
1923