Lot Shape-Rectangular, Level with Street
219 California is an 8-unit turn-key, fully upgraded apartment in the City of Arcadia, California. The property is located within the award-winning Arcadia School District. This offering presents a rare opportunity for investors to acquire a ready to operate and cash-flow property in a superb location; the property is surrounded by condominiums on all sides. The area has a superb demographics with average household income of $102,980 within a mile radius! The property is a large 8,577 square foot building and situated on a large 11,267 square feet lot. It offers excellent unit mix with ALL three bedroom and two bath units. Built in 1959, the property has been thoroughly upgraded in the past 24 months. The major systems have been completely upgraded, such as new copper plumbing, tankless water heater, new central A/C and heat in each unit, washer/dryer in each unit, new kitchen cabinet/countertops, new flooring and new bathroom, new double pane windows throughout, and so much more. The property is separately metered for electricity and gas. Each unit is large with an estimated size of 1,072 square foot (buyer to verify) and has undergone top-down renovation with new central A/C and heat, tankless water heater, new luxury wood flooring, double pane windows and sliding doors throughout, new quartz kitchen countertops and new kitchen cabinets, in-unit washer and dryer, etc. No Rent Control in Arcadia, California has new statewide rent control (AB 1482 - buyer to verify).
|Price Reduced from $4,490,000 to $4,200,000|
Courtesy of Handoko Chen(01749321) of GIG Real Estate Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of January 21st, 2020 at 10:37am CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.