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624 S Santa Anita Avenue

Arcadia, CA 91006
  • $2,480,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: AR23195699
UPDATED: 32 min ago
$2,480,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Maggie Ly of Re/Max Premier Prop Sanmarino (626-660-1100)


Description

Major Price Reduction. This prime mixed-use corner property in the heart of Arcadia offers a unique opportunity for investors and business owners alike. The property features one ~4,500 sqft. retail unit on the first floor and six residential units on the second floor of ~2,800 sqft. Total Building Area is ~7,110 sqft.Located on a major traffic artery near the 210 freeway, this property enjoys excellent visibility and foot traffic. It is also within the renowned Arcadia school district.This property is sure to appeal to a wide range of buyers, including those seeking to generate income, grow their portfolio, or own and operate a business in a prime location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T23:28:56.117. 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 The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/144555682
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624 S Santa Anita Avenue Arcadia, CA 91006

  • Price: $2,480,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 32 min ago
  • ID#: AR23195699
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1922
Built
Neighborhood:
605 - Arcadia
County:
Los Angeles
Area:
605 - Arcadia
Property Description
Major Price Reduction. This prime mixed-use corner property in the heart of Arcadia offers a unique opportunity for investors and business owners alike. The property features one ~4,500 sqft. retail unit on the first floor and six residential units on the second floor of ~2,800 sqft. Total Building Area is ~7,110 sqft.Located on a major traffic artery near the 210 freeway, this property enjoys excellent visibility and foot traffic. It is also within the renowned Arcadia school district.This property is sure to appeal to a wide range of buyers, including those seeking to generate income, grow their portfolio, or own and operate a business in a prime location.
Exterior Features

Entry Level 1 Lot Features 6-10 Units/AcreWalkstreet Parking Total 8

Property Features

Additional Parcels YN No Cap Rate 4.06 Common Interest Community Apartment Electric Expense 15000 Gross Scheduled Income 189000 Insurance Expense 9700 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 8000 Net Operating Income 100000 Number Of Units Leased 7 Operating Expense 88000 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 20991 Tax Year 2023 Trash Expense 6000 Utilities Electricity AvailableNatural Gas Available Water Sewer Expense 2500 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T23:28:56.117. 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 The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Maggie Ly of Re/Max Premier Prop Sanmarino (626-660-1100)