620 1St Ave Arcadia, CA 91006
- Apartment buildings
- 1,578 SF
Current Use by Public Records
- First Church of Christ, Scientist / Church
- Christian Science Reading Room / Church
Property Details for 620 1St Ave
- Year built
- 1924
- Property size
- 1,578 SF
- Property type
- Apartment buildings
Description
This Arcadia, CA multifamily investment opportunity presents a 2-unit apartment building, boasting a total of 1,578 square feet on a sizable 6,319 square foot lot. Built in 1924, the property features a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit, each with its own one-car garage. Currently operating at 100% occupancy, this property offers immediate cash flow. The property is zoned R2, providing potential for future development or upgrades. Located in the desirable city of Arcadia, within Los Angeles County, this property benefits from its proximity to acclaimed schools, parks, restaurants, shopping, and entertainment. The address is 620-624 N 1st Ave, Arcadia, CA 91006, with APN 5779009011. The asking price is $1,128,800. This is a rare chance to acquire a well-located, income-producing property in a highly sought-after area, presenting a strong return on investment for the discerning buyer. The two-story building sits on a substantial lot, offering ample space for potential improvements and value enhancement. This property is an excellent addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Los Angeles
- State
- California
- Longitude
- -118.028
- Latitude
- 34.1474
