7 UNITS | ARCADIA
$5,800,000

PRICED TO SELL AT UNDER $505 PER SQUARE FOOT! CONDO COMPS ARE SELLING AROUND $600 PER SQUARE FOOT IN ARCADIA!!

Offered for sale by the original owner/developer of the complex, this is an extremely rare opportunity for investors to acquire 7 residential units built in 2004 in prime Arcadia with multiple investment options.  Option 1: Convert the units to condos and realize an immediate profit on a resale (Buyer to verify condo conversion possibilities with the city).  Option 2: Implement a value-add strategy to increase rents to the market levels and enjoy higher cash flow.  Option 3: Buy and hold for very predictable long-term appreciation.

Six of the seven units are 3 bedroom 2.5 bath two-story townhouse style residences with access to their units from their own 2 car garage or private front yard.  The 7^th unit is a approximately 1,800 square feet, featuring 3 bedrooms and 2 bathrooms with an exceptionally spacious master suite.

All units feature central a/c and heat, dishwashers, individual washer/dryer hookups and separate meters for gas and electricity.  Select units have been upgraded with wood flooring and countertops.

Situated on a 15,766 square foot lot, the total building is approximately 11,486 square feet and is extremely well parked with a total of 18 parking spaces: (8) 2 car garages, (1) single car garage and 1 additional open parking space.