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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,950,000

Est. payment - /mo

0.52 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26082940

HOA Y/N No

Year Built 1926

Annual Tax Amount $23,420

Lot Size 0.516 Acres

Property Sub-Type Duplex

Property Description

A Rare Investment Gem! An Expansive 22,479 sq. ft. Lot Offering Both SB 9 Subdivision Potential and Stable Cash Flow:

Discover an unparalleled investment opportunity in the heart of Arcadia! This massive R1-zoned lot (approx. 0.52 acres) is a rare find, combining immediate rental income with immense future development potential.

Situated on an exceptionally large parcel of land, the property features two separate structures:
• Front House (3 Bed / 2 Bath, approx. 1,480 sq. ft.): Equipped with central heating and air conditioning, a washer, a dryer, and a refrigerator; fully renovated in 2024. It is currently occupied by a reliable tenant paying $3,800 per month (based on rental rates from two years ago). • Rear House (2 Bed / 1 Bath, approx. 500 sq. ft.): Recently updated in 2024 with modern-style finishes. It is ready to be rented immediately (projected monthly rent: approx. $2,800) or can be kept vacant for future development purposes.

Development Potential: Under California's SB 9 legislation, this exceptionally deep lot presents an ideal candidate for an "Urban Lot Split." You can explore the possibility of subdividing the parcel into two separate lots, potentially allowing for the construction of luxury primary residences and Accessory Dwelling Units (ADUs). (Buyers are advised to verify specific feasibility directly with the City.)

Located in one of Arcadia's most highly sought-after neighborhoods, this property is situated within a top-rated school district—close to excellent elementary, middle, and high schools—and is conveniently located near shopping centers and Asian supermarkets. The property is being sold "AS-IS." Buyers are strongly advised to independently verify all potential development possibilities, permitting requirements, and land-use regulations with the City of Arcadia. "Seller intends to execute a 1031 tax-deferred exchange at no additional cost to the buyer . Buyer to cooperate with seller's 1031exchange".

Location

State CA

County Los Angeles

Area 605 - Arcadia

Zoning ARR1YY

Interior

Interior Features Open Floorplan, Tile Counters, Unfurnished, Bedroom on Main Level

Heating Central, Heat Pump, Wall Furnace

Cooling Central Air, Ductless

Flooring Laminate

Fireplaces Type Living Room

Fireplace Yes

Appliance Electric Range, Gas Range, Refrigerator, Range Hood

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Outside, See Remarks

Exterior

Parking Features Detached Carport, Garage Faces Side

Garage Spaces 2.0

Garage Description 2.0

Fence None

Pool None

Community Features Golf, Park

Utilities Available Electricity Connected, Natural Gas Connected

View Y/N Yes

View Mountain(s)

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre, 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 8512005025

Security Features Security Lights

Energy Description 900.0

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by JIA SUN Wetrust Realty 626-423-8210, DRE #01880676

NEARBY SCHOOL & BUSINESS

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1114 6TH AVE Arcadia, CA 91006