601 Cornell Dr | Arcadia, CA 91007
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- LoopNet Team
601 Cornell Dr
Arcadia, CA 91007
Strong Arcadia Location | 12 Units · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Development Opportunity; Potential to Build UP TO 19 Units before any Density Bonuses (Buyer Must Verify)
- Strong Arcadia Location; Proximate to Westfield Santa Anita Shopping Center (Over ±1.3M SF of Retail and Dining)
- Current Rents ±55% Under Market; Further Upside with Complete Unit Renovations
- Impressive Market Fundamentals; 2024 Average Housing Value of $1,484,913 and 2024 Average Household Income of $158,819
- Single-Story Building; 12 One-Bedroom/One-Bathroom Units
- Zero-Soft Story; One or Two-Car Garages and Uncovered Parking
PROPERTY FACTS
| No. Units | 12 | Building Size | 6,944 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 0.75/1,000 SF |
| Lot Size | 0.52 AC | ||
| Zoning | R3 - Zoning to be Verified by Buyer | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 6,944 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | R3 - Zoning to be Verified by Buyer |
AMENITIES
UNIT AMENITIES
- Storage Space
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Storage Space
- Online Services
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,118 | 575 |
PROPERTY TAXES
| Parcel Number | 5775-027-004 | Improvements Assessment | $1,081,200 |
| Land Assessment | $2,040,000 | Total Assessment | $3,121,200 |
PROPERTY TAXES
Parcel Number
5775-027-004
Land Assessment
$2,040,000
Improvements Assessment
$1,081,200
Total Assessment
$3,121,200
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