The Growth Investment Group is proud to offer 219 California Street, an 8-unit non rent-controlled, turn-key, fully upgraded apartment in the City of Arcadia, California. The property is located within the award-winning Arcadia School District. This offering presents a rare opportunity for investors to acquire a ready to operate and cash-flow property in a superb location; the property is surrounded by condominiums on all sides. The area has a superb demographics with average household income of $102,980 within a mile radius!
The property is a large 8,577 square foot building and situated on a large 11,267 square feet lot. It offers excellent unit mix with ALL three bedroom and two bath units. Built in 1959, the property has been thoroughly upgraded in the past 24 months. The major systems have been completely upgraded, such as new copper plumbing, tankless water heater, new central A/C and heat in each unit, washer/dryer in each unit, new kitchen cabinet/countertops, new flooring and new bathroom, new double pane windows throughout, and so much more.
The property is separately metered for electricity and gas. Each unit is large with an estimated size of 1,072 square foot (buyer to verify) and has undergone top-down renovation with new central A/C and heat, tankless water heater, new luxury wood flooring, double pane windows and sliding doors throughout, new quartz kitchen countertops and new kitchen cabinets, in-unit washer and dryer, new bathtub complete with tiled bathroom with luxury tile backsplash, new sliding barn doors pantry, and so much more.
There are 9 parking spaces which are provided by a detached carport in the back and an open space in front. The property does not require any soft story retrofit. It has an extra laundry room that can be converted into extra storage area to generate additional income.
