28 Bonita Street Active Save Request In-Person Tour Request Virtual Tour
Arcadia,CA 91006
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,660 sqft
Price per Sqft $622
MLS Listing ID WS-24249825
Year Built 1940
Lot Size 8,010 Sqft
Property Description
Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.
Location
State CA
County Los Angeles
Zoning ARR3HY
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 5.0
Pool None
Community Features Golf,Park
Building
Lot Description Front Yard
Sewer Public Sewer