Search
Modern Arcadia Condo with Income
For Sale
Contact for pricing

511 N Santa Anita, Arcadia, CA 91006

Newer 3-bedroom condo in Arcadia, generating short-term rental income.

Property SizeContact for details
Days on Market162

Property Features for 511 N Santa Anita

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Building Details

Buildings 1
Stories 2
Units 1
Listing Agency: Encore Realty & Financial
Listed By: Therina Lin · License #01033115
Source: Crexi
Added: Mar 8 Changed: Aug 8 Last Checked: Aug 14 at 7:53PM

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 Encore Realty & Financial

Investment Insights

Based on property information with market context.

This newer, modern-style, two-story end unit condo is located in Arcadia, near Santa Anita Park, Santa Anita Mall, and the Metrolink station. The property is currently rented for short term with a monthly income of $7500. The homeowner's association dues are $595 per month, covering insurance, trash, and front yard maintenance. The condo features 3 bedrooms and 2.5 baths. Wood flooring extends throughout the main floor and staircase. The open kitchen includes corian countertops and custom-designed kitchen cabinets. A cozy living room and dining area provide comfortable living spaces. Upstairs, the master suite features a balcony with mountain views, a master bath with a bathtub, a separate shower, and a double sink vanity. The second level also includes two additional bedrooms, one with a sitting balcony. These bedrooms share a full bath with a double sink vanity. The property includes a two-car attached garage with direct access, suitable for compact car parking, and two guest parking spaces are located next to the garage. It can be purchased as a primary residence with the benefit of short-term rental income until 09/11/26. The property is located within the Arcadia School District.

Key Highlights

  • High Rental Income: Currently rented for $7,500/month, offering immediate income potential.
  • Prime Location: Conveniently located in Arcadia near Santa Anita Park, Santa Anita Mall, and Metrolink station.
  • Arcadia School District: Situated within the highly desirable Arcadia School District.

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Barber Shop Catering Service (Bike/Boat/Book/etc) Store Storage Facility Butcher Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,996
Businesses Nearby

Demographics for 91006, CA

31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Short term rental property - Newer 3-bedroom condo in Arcadia, generating short-term rental income.
Where is this short term rental property located?
The property is located at 511 N Santa Anita Arcadia, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: High Rental Income: Currently rented for $7,500/month, offering immediate income potential.; Prime Location: Conveniently located in Arcadia near Santa Anita Park, Santa Anita Mall, and Metrolink station.; Arcadia School District: Situated within the highly desirable Arcadia School District.
(909) 472-8888 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message