2521-2523 S 6th Ave - Apartments FOR SALE


Arcadia, CA 91006
$1,500,000 USD
818-813-4619
2521-2523 S 6th Ave, Arcadia, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/31
null | 2.1% Cap Rate

2521-2523 S 6th Ave
Arcadia, CA 91006


HIGHLIGHTS

  • Located within highly sought after Arcadia Unified School District
  • Immediate upside potential through renovation and lease up of vacant units
  • All Tenants are month to month
  • Potential ADU opportunity, subject to buyer investigation, city approval, permits and apllicable regulations

OVERVIEW

Exceptional value-add multifamily opportunity in the highly sought-after Arcadia Unified School District. This five-unit property consists of a detached single-family residence plus an attached four-unit building, with all units configured as 2-bedroom, 1-bath.  Two units are intentionally being delivered vacant, creating immediate upside for renovation and lease-up at market rents. The four-unit building includes covered carport parking, while the detached single-family residence includes a detached garage.  Beyond the near-term income-growth opportunity, the property offers compelling potential for accessory dwelling units (ADUs), subject to buyer investigation, city approval, and applicable regulations. A rare chance to acquire a five-unit asset with immediate value-add potential and a path to future unit expansion in one of the San Gabriel Valley’s most desirable rental markets.  Buyer to verify unit count, square footage, zoning, ADU feasibility, school assignments, permits, and all information to their own satisfaction

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

2.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

ARR3YY

APN/PARCEL ID

5790-030-019

ASK ABOUT THIS PROPERTY

James KeziosDouglas EllimanMore Info
818-813-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

James KeziosDouglas EllimanMore Info
818-813-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.