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416 E Duarte RD Arcadia, CA 91006
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Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $733
MLS Listing ID AR23220779
Sold Date 01/25/24
Bedrooms 6
Full Baths 5
HOA Y/N No
Year Built 1913
Lot Size 0.568 Acres
Property Description
Nestled in the heart of Arcadia, this unique multi-family property at 416 E Duarte Rd. offers an exciting investment opportunity in one of Southern California's most sought-after neighborhoods. With a blend of tenant-occupied and vacant units, this versatile property features a total of 3 distinct nonconforming units, providing a range of options for both tenants and investors. From spacious 3-bedroom, 1-bathroom units to comfortable 2-bedroom, 2 bathroom units, and even 2-bedroom, 1-bathroom units with in-units laundry facilities, this property caters to diverse housing needs. Additionally, the property includes a refreshing swimming pool that, while currently drained, can easily be filled again, enhancing tenant amenities and rental income potential. Situated on a rectangular 24,723 sq ft lot with three separate unconforming units, this property is primed for creative renovation or redevelopment, making it a canvas for your investment vision. This property is a DUPLEX with a 3rd Non-Conforming structure. Buyer and Agent to do their due diligence before writing any offers. This is an AS-IS Sale and would be perfect for redevelopment. Conveniently located near supermarkets and restaurants and within the highly acclaimed Arcadia School District, this property presents a rate opportunity to invest in the best of Arcadia living.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR1YY
Rooms
Main Level Bedrooms 6
Interior
Interior Features All Bedrooms Down
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Parking Features Driveway
Pool In Ground, Private
Community Features Suburban
View Y/N No
View None
Private Pool Yes
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Arcadia Unified
Others
Senior Community No
Tax ID 5780005010
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Karen Wu • IRN Realty