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IN ESCROW – 4 UNITS | ARCADIA
$1,950,000

Under Contract
  • Summary
  • Location
  • Amenities

Realty Investment Advisors is pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property’s curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces.

 

Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) — prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situated directly across the street.

  • All Two Bedroom One Bath Units
  • 8,597 Square Foot Corner Lot Zoned R3
  • Perfect for an Owner/User
  •  On-site laundry room
  • Potential ADU conversion opportunities (Buyer to verify)
  • 30 Year fixed residential financing
  • Beautifully maintained lawn and landscaping
  • Prime location; steps away from Santa Anita Park and Santa Anita Golf Course
  • Conveniently situated near the Shops at Santa Anita

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