219 California Street

    Arcadia, CA 91006
    • $4,200,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: AR19241189
    Price Reduced
    UPDATED: 42 min ago
    $4,200,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,557
      SQFT
    • $491
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    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).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T18:31:50.357. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/99896941

    219 California Street Arcadia, CA 91006

    • Price: $4,200,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: AR19241189
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    8,557
    SQFT
    $491
    $/SQFT
    1958
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    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).
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features Level With StreetRectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportDetached Carport Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Dryer IncludedInsideWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.05 Community Features SuburbanUrbanValley Country Us Electric Standard Electric Expense 136.00 Elevation Units Feet Gardener Expense 720.00 Gross Income 0.00 Gross Multiplier 17.50 Gross Scheduled Income 0.00 Insurance Expense 3856.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 49326.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number With Dishwasher 8 Number With Disposal 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 20000.00 Total Expenses 0.00 Trash Expense 1921.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2008.00 Water Source Public Year Built Source Assessor Zoning Arr3yy

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T18:31:50.357. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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