628 Fairview Ave | Arcadia, CA 91007
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- LoopNet Team
628 Fairview Ave
Arcadia, CA 91007
15-unit Semi Value Add CAP Rate over 4% · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Pride of ownership luxury apartment in one of the best locations in Arcadia; Core Arcadia with Arcadia School District
- Excellent unit mix with all large 3bed and 2 bed units
- Nearby many new townhomes and single-family houses developments; Nearby condominiums were sold for over $1million per unit!
- Priced to sell at over 4% CAP Rate
- Large units with private patio and/or balcony
- Several non-upgraded units that provide significant upside potential!
PROPERTY FACTS
| No. Units | 14 | Building Size | 19,102 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1961/2021 |
| Building Class | B | Parking Ratio | 1.47/1,000 SF |
| Lot Size | 0.66 AC | ||
| Zoning | ARR3YY - Limited Density Multiple Residence | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 19,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2021 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | ARR3YY - Limited Density Multiple Residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Yard
- Deck
- Den
- Dining Room
- Family Room
- Linen Closet
- Patio
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Pool
- Gated
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,250 - 1,550 |
| 3+2 | 8 | - | 1,500 - 1,550 |
PROPERTY TAXES
| Parcel Number | 5778-006-002 | Improvements Assessment | $2,725,181 |
| Land Assessment | $6,358,757 | Total Assessment | $9,083,938 |
PROPERTY TAXES
Parcel Number
5778-006-002
Land Assessment
$6,358,757
Improvements Assessment
$2,725,181
Total Assessment
$9,083,938
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