$ 1,850,000
16 W Newman AVE Arcadia, CA 91007
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$ 1,850,000
Est. payment | /mo
8 Beds
4 Baths
3,361 SqFt
$ 1,850,000
Est. payment | /mo
8 Beds
4 Baths
3,361 SqFt
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,361 sqft
Price per Sqft $550
MLS Listing ID 24424417
Bedrooms 8
HOA Y/N No
Year Built 1953
Lot Size 8,598 Sqft
Property Description
We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Interior
Heating Wall Furnace
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 5
Building
Story 2
Entry Level One,Multi/Split
Level or Stories One, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5775027020
Special Listing Condition Standard
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.
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Kelly McLaughlin
REALTOR® | Lic# 01475708