Beautiful Homes Real Estate
Daniel Andrade
323-215-9836323-215-9836

41 Alta Street, Arcadia, CA 91006 (MLS # WS20150671)

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PRICE $1,450,000
BEDS n/a
BATHS 0 baths
HOME SIZE 2,910 sq ft
LOT SIZE 8,041 sqft

Connected Companies, as the exclusive listing agent, is pleased to present the opportunity to acquire 41 Alta Street, a 4-unit multifamily investment opportunity at Prime location in Arcadia, one of the most affluent cities in Southern California. The Alta Street Apartment is located adjacent to Downtown Arcadia and Westfield Mall Arcadia, providing residents with convenient access to public parks, restaurants, shopping malls, and schools. The Alta Street Apartment features two buildings, which consist of four two-bedroom/one-bathroom units. One of which is a separate single-story unit featuring a closed backyard. The average unit size is 728 square feet. Every unit includes wall air conditioning and heating, and individual water heaters. All units are individually metered for gas and electricity.The Alta Street Apartment is currently 100% occupied with a monthly income of $6,440. There is 19.10% on the rental upside that could be captured by implementing the value-add strategy with the new ownership. The Alta Street Apartment is well-positioned to provide investors with strong, stable, and long term returns. Given the number of units is four, residential financing with as low as 20% to 25% down is available to investors. The investment opportunity is great for both first-time buyers and experienced investors.

DAYS ON MARKET 16 LAST UPDATED 7/28/2020
YEAR BUILT 1962 COMMUNITY Not Defined
GARAGE SPACES 4.0 COUNTY Los Angeles
TOTAL PARKING 8 STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
BUILDINGAREAUNITS Square Feet
COMMONINTEREST None
COMMONWALLS 1 common wall
COMMUNITYFEATURES Golf
ELEVATIONUNITS Feet
GARAGESPACES 4.00
LANDLEASEYN 0
LAUNDRYFEATURES Individual Room
LISTAGENTSTATELICENSE 02013927
LOTFEATURES 2-5 Units/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 699 - Not Defined
PARCELNUMBER 5773013011
POOLFEATURES None
PRICEPERSQUAREFOOT 498.28
PROPERTYTYPE Residential Income
SENIORCOMMUNITYYN 0
SEWER Public Sewer
SPAFEATURES None
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXTRACTNUMBER N/A
VIEW None
WATERSOURCE Public




 
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Listing provided by : CHAPLON MU License # 02013927, THE CONNECTED COMPANIES

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/20 4:17 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information