620 1St AveArcadia, CA 91006
- Residential income properties
- 1,578 SF
Property Details for 620 1St Ave
- Year built
- 1924
- Property size (Sq ft)
- 1,578 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This Arcadia, CA multifamily investment opportunity presents a 2-unit apartment building, boasting a total of 1,578 square feet on a sizable 6,319 square foot lot. Built in 1924, the property features a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit, each with its own one-car garage. Currently operating at 100% occupancy, this property offers immediate cash flow. The property is zoned R2, providing potential for future development or upgrades. Located in the desirable city of Arcadia, within Los Angeles County, this property benefits from its proximity to acclaimed schools, parks, restaurants, shopping, and entertainment. The address is 620-624 N 1st Ave, Arcadia, CA 91006, with APN 5779009011. The asking price is $1,128,800. This is a rare chance to acquire a well-located, income-producing property in a highly sought-after area, presenting a strong return on investment for the discerning buyer. The two-story building sits on a substantial lot, offering ample space for potential improvements and value enhancement. This property is an excellent addition to any investment portfolio.
Location Insight
- City
- Arcadia
- County
- Los Angeles
- State
- California
- Latitude
- 34.1474
- Longitude
- -118.028
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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