$2,280,000
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28 Bonita Street Arcadia, CA 91006
Apartment
Residence
Beds
Baths
3,660
Sq. Ft.
0.18
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property feature...s a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity.
This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer.
The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius.
This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.
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MLS#
WS24249825
Property Type
Apartment
Status
Year Built
1940
Square Feet
3,660
sq. ft
Lot Size
0.18
Sewer
Public Sewer
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