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855-875 W Huntington Dr
Arcadia, CA 91007
Value Add in Class A Location, Arcadia School · Multifamily Property For Sale
·
42 Units
PROPERTY FACTS
| No. Units | 42 | Building Size | 34,972 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1954/2015 |
| Building Class | B | Parking Ratio | 1.88/1,000 SF |
| Lot Size | 1.27 AC | ||
| Zoning | R3 | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 34,972 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2015 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Hardwood Floors
- Range
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Pool
ABOUT 855-875 W HUNTINGTON DR , ARCADIA, CA 91007
INVESTMENT HIGHLIGHTS • One of the HIGHEST CAP Rate and LOWEST GRM investment offering in the best location of Arcadia, CA • Superior Location on Huntington Drive; a block away from the immensely popular Westfield Santa Anita Mall and Santa Anita Race Track • Extremely RARE non-rent-controlled value-add investment offering in truly a CLASS A Location! • Excellent demographics with over $116,909 average household income within a 3-mile radius • Located within the award-winning and highly coveted Arcadia School District (2017 Rank: #5 in LA County, #15 in California) • One of the largest apartment community in the City of Arcadia • Value-add offering where the major systems have been upgraded (roof, exterior paint, landscaping, partial plumbing, etc.) PROPERTY HIGHLIGHTS • Excellent unit mix with a good combination of 2-bedroom, 3-bedroom, and 1-bedroom units • Large lot size of ±55,503 square feet with a total of 66 parking spaces • Surrounded by newer constructed townhomes and single-family residential on its east, west and north side • Separately metered for electricity and gas, individual water heater in each unit, 3 shared laundry room, pool, barbeque area, lush landscaping • Each unit is large with original hardwood floor, smooth ceiling, windows A/C, double pane windows, ceiling fans, refrigerator • Some units have working gas fireplaces, private patios, and central heating • Excellent curb appeal with superb frontage on Huntington Drive • Recent capital improvements are new exterior paint, new landscaping, new roof for all the buildings, new driveway asphalt resurface, double pane windows throughout
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | 665 - 750 |
| 2+1 | 19 | - | 900 - 1,200 |
| 3+2 | 1 | - | 1,200 - 1,300 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,489,664 | |
| Land Assessment | $9,497,808 | Total Assessment | $17,987,472 |
PROPERTY TAXES
