501 1St AveArcadia, CA 91006

Property Details for 501 1St Ave

Year built

1955

Construction

TILT-UP CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

6,527 SF

Zone code

ARC2HY

Property type

Office properties

Property subtype

Office buildings

APN

5779-011-018

APU

5779011018

Description

This exceptional 6,527 square foot office building in Arcadia, California, presents a unique investment opportunity. Located at 501 S. 1st Ave., this single-tenant, vacant property boasts a garden-style design and is zoned for mixed use (MU). The building offers ample on-site parking with a generous ratio of 2.45 spaces per 1,000 square feet. Priced at $3,400,000 ($520.91/SF), this Class C property sits on a 14,997 square foot lot (APN 5779-011-018) and benefits from its convenient location. Enjoy easy access to the I-210 and I-601 freeways, proximity to the Metro Gold Line Arcadia Station, and the vibrant shops and restaurants of Downtown Arcadia. The property's location within the highly-rated Arcadia School District (top 1% in America) adds significant appeal. SBA financing potential is available for qualified buyers. This is an ideal opportunity for owner-occupiers or investors seeking a well-located, versatile office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,748,967

  6.5%

  $1,614,431

  7%

  $1,499,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,236,006

  Geo Method

  $1,241,174

• Alternative Use

  Use

  Valuation

  Residential

  $2,001,895

  Hospitality

  $1,833,725

  Educational

  $1,525,638

  Medical

  $1,578,106

  Retail

  $2,373,214

Location Insight

City

Arcadia

County

Los Angeles

State

California

Latitude

34.1344

Longitude

-118.029

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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