911 1St AveArcadia, CA 91006

Property Details for 911 1St Ave

Year built

1951

Construction

TILT-UP CONCRETE

Lot size

0.07 AC

Property size (Sq ft)

1,644 SF

Zone code

ARC2HY

Property type

Retail properties

Property subtype

Retail space

APN

5779-015-019

APU

5779015019

Description

This exceptional 1,644 square foot freestanding retail building presents a remarkable investment opportunity in the thriving city of Arcadia, California. Situated on a 0.07-acre lot at the highly visible corner of South 1st Avenue and East Duarte Road, this property benefits from exceptional foot traffic and convenient access. Its prime location places it in close proximity to Arcadia High School, the renowned Santa Anita Park, and the Arcadia Public Library, ensuring a consistent flow of potential customers. Across the street lies Pacific Plaza, further enhancing its desirability. The building itself has been tastefully updated throughout, offering a move-in ready space ideal for a variety of retail uses. The property includes the added convenience of six tandem parking spaces, a significant advantage in a high-traffic area. Currently vacant, this property offers immediate occupancy for owner-users or a strong rental income stream for investors. The asking price of $1,500,000 reflects the exceptional value and potential of this strategically located retail gem in the heart of Arcadia. Don't miss this chance to acquire a property with such strong potential for growth and return on investment. The property's previous use is reflected in the provided photographs.

• CAP approach

  CAP return

  Valuation

  6%

  $647,571

  6.5%

  $597,758

  7%

  $555,061

• Comparable approach

  Method

  Valuation

  Relative Method

  $784,530

  Geo Method

  $787,810

• Alternative Use

  Use

  Valuation

  Residential

  $504,231

  Hospitality

  $461,873

  Educational

  $384,273

  Medical

  $397,488

  Retail

  $597,758

Location Insight

City

Arcadia

County

Los Angeles

State

California

Latitude

34.1301

Longitude

-118.028

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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