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1150 Okoboji Dr 4 Unit Apartment Building $2,180,000 ($545,000/Unit) 5.73% Cap Rate Arcadia, CA 91007
Investment Highlights
- Highly visible location with strong accessibility to major transportation routes.
- Positioned in a growing market with strong demographic support.
- Surrounded by a vibrant mix of residential, retail, and commercial developments.
Executive Summary
Exceptional investment opportunity in the heart of Arcadia. This well-maintained 4-unit income property is located within the highly desirable Arcadia Unified School District, offering top-rated schools and strong tenant demand. Each unit is in great condition and generates steady rental income. The property has been retrofitted from ground grade for earthquake safety, adding peace of mind and long-term value. Prime location near Westfield Santa Anita Mall, H Mart, Trader Joe’s, parks, and dining options provides tenants with unmatched convenience. With its rare availability, stable rental history, and pride of ownership, 1150 Okoboji Dr is a true gem in today’s market.
Property Facts
| Price | $2,180,000 | Building Class | C |
| Price Per Unit | $545,000 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,243 SF |
| Cap Rate | 5.73% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Apartment | Parking Ratio | 1.89/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Arcadia - High Density Multiple Family Residential | ||
| Price | $2,180,000 |
| Price Per Unit | $545,000 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,243 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | R3, Arcadia - High Density Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5379-029-006 | Improvements Assessment | $334,938 |
| Land Assessment | $1,004,835 | Total Assessment | $1,339,773 |
Property Taxes
Parcel Number
5379-029-006
Land Assessment
$1,004,835
Improvements Assessment
$334,938
Total Assessment
$1,339,773
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Presented by
First Choice Realty & Investment, Inc.
1150 Okoboji Dr
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