Arcadia Four-Unit Condo
For Sale
Contact for pricing
Pending
1033 La Cadena Ave, Arcadia, CA 91007
Four spacious condos in Arcadia near top amenities and schools.
Property Size6,284 SF
Lot Size0.24 Acres
Days on Market102
Property Features for 1033 La Cadena Ave
General Information
Standard status
Pending
Size
6,284 SF
Total Parking Spaces
8
Lot size
0.24 Acres
Property subtype
Multifamily
Zoning
ARR3
Occupancy
50%
Investment Type
Value Add
Building Details
Year Built
1990
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
NAI Capital Commercial, Inc
(310) 406-9110
Listed By:
Tim Steuernol · License #01742766
Source:
Crexi
Added: May 19
Changed: Aug 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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,741
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Ave 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.
