Arcadia Four-Unit Condo
For Sale
$2,900,000
1033 La Cadena Avenue, Arcadia, CA 91007
Four spacious condos in Arcadia near top amenities and schools.
Property Size1,554 SF
Lot Size0.24 Acres
Price / SF$461.49
Days on Market146
Property Features for 1033 La Cadena Avenue
General Information
Standard status
Active
Size
1,554 SF
Lot size
0.24 Acres
Property subtype
Multifamily
Building Details
Building Size
1,554 SF
Listing Agency:
NAI Capital Commercial, Inc
Listed By:
Tim Steuernol · License #CalDRE #01742766
(310) 406-9110
Source:
Www2.naicapital
Added: May 20
Changed: Sep 8
Last Checked: Jul 24 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital Commercial, Inc
Investment Insights
Based on property information with market context.
Located in Arcadia, California, the property at 1033 La Cadena Ave features a four-unit condominium community. Constructed in 1990, each residence includes a 3-bedroom, 3-bathroom floor plan with living areas ranging from 1,475 to 1,664 square feet. Each unit also has two-car garages and surface parking. The complex is situated on a 10,297-square-foot lot on a tree-lined residential street. The location provides walkable access to the Westfield Santa Anita mall, Santa Anita Park racetrack, and the dining and retail area along Huntington Drive and Baldwin Avenue. The four condominiums are individually parceled with separate Assessor Parcel Numbers. The property is currently operated as a single apartment-building entity, offering flexibility to continue as a rental portfolio or establish a formal HOA and sell units individually. This configuration allows a buyer to hold all four as a rental portfolio, occupy one unit and lease the others, or complete a renovation and sell individually.
Key Highlights
- Individually parceled condominiums: Already cleared the most complex step of condo conversion.
- Large condo units: Spacious 3‑bedroom, 3‑bathroom floor plans ranging from 1,475 to 1,664 square feet.
- Prime location: Walkable access to Westfield Santa Anita mall, Santa Anita Park racetrack, top‑rated Arcadia Unified schools, and Huntington Drive/Baldwin Avenue dining and retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,741
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,820
$2.2M
Cap Rate 7%
$1,567,729
$1.6M
Cap Rate 9%
$1,219,344
$1.2M
Market Conditions
NOI Build-Up for 6,284 SF
Gross rent
$169.7K $27.00/SF
− Vacancy
−$12.9K −$2.05/SF
EGI
$156.8K $24.95/SF
− OpEx
−$47.0K −$7.48/SF
NOI
$109.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,820
Cap Rate 7%
$1,567,729
Cap Rate 9%
$1,219,344
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,741 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.69M
NOI $101,115 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$3.36M
$2.94M – $3.93M
NOI $235,510 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
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Business Placement
Demographics for 91007, CA
33,804
Population
12,772
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
6,146
Density / Sq Mi
$101,762
Median Household Income
$60,991
Median Earnings
$2,129
Median Rent
$1,231,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious condos in Arcadia near top amenities and schools.
Where is this quadplex located?
The property is located at 1033 La Cadena Avenue Arcadia, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Individually parceled condominiums: Already cleared the most complex step of condo conversion.; Large condo units: Spacious 3‑bedroom, 3‑bathroom floor plans ranging from 1,475 to 1,664 square feet.; Prime location: Walkable access to Westfield Santa Anita mall, Santa Anita Park racetrack, top‑rated Arcadia Unified schools, and Huntington Drive/Baldwin Avenue dining and retail.
