921-933 W Huntington Dr - Apartments FOR SALE


Arcadia, CA 91007
$8,200,000 USD
818-517-0845
921-933 W Huntington Dr, Arcadia, CA for Sale
$8,200,000 USD
Apartments - FOR SALE
1/27
null | 3.62% Cap Rate

921-933 W Huntington Dr
Arcadia, CA 91007


HIGHLIGHTS

  • Highly Coveted Arcadia Unified School District and Minutes to Santa Anita Park, The Shops at Santa Anita, Santa Anita Golf Course & The Arboretum
  • Pride-of-Ownership 20-Unit Apartment Community with Three Separate Residential Buildings
  • Sparkling Community Swimming Pool with Professionally Landscaped Grounds
  • Copper Plumbing Throughout, Electrical Subpanels Replaced and Newer Roofs and Windows
  • Laundry Facility with Three Sets of Owned Washers and Dryers
  • All Units Feature Fireplaces and Four Units Feature Central HVAC Systems and Oversized Private Patios

OVERVIEW

Realty Investment Advisors is pleased to present 921-933 West Huntington Drive, a rare opportunity to acquire a beautifully maintained 20-unit apartment community in one of Arcadia's most sought-after residential corridors. Situated on an expansive 34,969 square-foot lot within the highly acclaimed Arcadia Unified School District, the property offers an attractive combination of stable income, quality improvements, and long-term appreciation potential. The property is comprised of three separate residential buildings featuring twenty spacious units, including eight two-bedroom/one-bathroom units and twelve one-bedroom/one-bathroom units. Designed to appeal to both families and professionals, many units feature desirable floor plans, abundant natural light, and fireplaces, while select units offer central HVAC systems and oversized private patios. Residents enjoy a variety of amenities rarely found in comparable apartment communities, including a sparkling swimming pool, beautifully landscaped grounds, abundant parking, and a well-maintained laundry facility equipped with three sets of owned washers and dryers. These amenities contribute to strong tenant retention and enhance the overall living experience. Current ownership has invested significantly in the property's upkeep and infrastructure, completing numerous capital improvements over the years including copper plumbing upgrades, newer roofing, fresh exterior paint, electrical subpanel replacements, and interior unit renovations. The property is separately metered for gas and electricity and benefits from an exceptional parking ratio with twenty-eight total parking spaces, including garages and open parking. Ideally located along Huntington Drive, the property offers convenient access to many of Arcadia's most desirable destinations, including Santa Anita Park, The Shops at Santa Anita, Santa Anita Golf Course, the Los Angeles County Arboretum, and a variety of popular dining and retail amenities. Combined with Arcadia's excellent schools and strong housing demand, the property continues to attract a stable and desirable tenant base. Multifamily opportunities of this caliber rarely become available in Arcadia, particularly properties of this scale situated on nearly 35,000 square feet of land.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

20

PRICE/UNIT

$410,000

CAP RATE

3.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,969 SF

ZONING

R3, Arcadia

APN/PARCEL ID

5777-035-027

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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