$1,950,000 Price Analysis   ♡   Arcadia, CA 91007 8 bed 4 bath 3,361 SqFt ($580/SqFt) 8,597SqFt lot. Built 1953 Listed 2024-02-01, Taxes $3,012 | Ⓧ USDA Ineligible due to price & location near Arcadia |
We are pleased to present the sale of 16 W Newman Avenue
* Has Contingent Offer *An exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3, 361 square feet of living space on an expansive 8, 597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal.
There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience and investment potential. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situatd directly across the street.
Presented by Benjamin J. Hsiang at
Realty Investment Advisors, Inc.
Property MLS #24-352897 from TheMLSCLAW
Full Bathrooms: 4
Laundry Features: Community, Laundry Area, Room
Heating Features: Wall
Garage Spaces: 4
Garage Description: Garage - 2 Car
Parking Total: 5
Lot Size Source: Assessor
Lot Size Square Feet: 8597
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 9200
County: Los Angeles
Cap Rate: 2.75
Directions: South on N. Santa Anita Ave, West on W. Newman Ave
Source Property Type: Residential Income
Area: Arcadia
Source Neighborhood: Arcadia
Parcel Number: 5775-027-020
Postal Code Plus 4: 2718
Zoning: ARR3YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $109,453 + $53,934 $163,387 | $3,012 |
| 2021 | $107,307 + $52,877 $160,184 | $2,939 |
| 2020 | $106,207 + $52,335 $158,542 | $2,913 |
| 2019 | $104,125 + $51,309 $155,434 | $2,885 |
| 2018 | $102,084 + $50,303 $152,387 | $2,715 |
| 2017 | $100,083 + $49,317 $149,400 | $2,707 |
| 2016 | $98,121 + $48,350 $146,471 | $2,557 |
| 2015 | $96,648 + $47,624 $144,272 | $2,517 |
| 2014 | $94,755 + $46,692 $141,447 | $2,513 |
| 2013 | $94,327 + $46,481 $140,808 | $2,502 |
| 2012 | $92,478 + $45,570 $138,048 | $2,464 |
| 2010 | $90,665 + $44,677 $135,342 | $2,166 |
| 2009 | $90,202 + $44,450 $134,652 | $2,057 |
| 2009 | $89,988 + $44,344 $134,332 | $2,057 |
| 2008 | $88,434 + $43,579 $132,013 | $2,004 |
| 2007 | $86,700 + $42,725 $129,425 | $1,938 |
$1,950,000
TheMLSCLAW
Year Built: 1953
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 71
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.