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28 Bonita Street

Arcadia, CA 91006

$2,280,000

List Price

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1940

calendar_month Built

Property Description

Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.

Listing Information

List Price $2,280,000
Status Active
MLS WS24249825
Type Residential Income
Subtype Apartment
Year Built 1940
Lot Size 8,010
Structure Size N/A
DOM 2
Courtesy Of IRN REALTY
Listing Agent Jo Lin DRE#02072996

Interior Features

Laundry Information
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Exterior Information

Maps

home_work Nearby Properties

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king_bed N/A
shower N/A
straighten N/A
straighten 7,425
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king_bed 3
shower 3
straighten 1,630
straighten 21,560
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king_bed N/A
shower N/A
straighten N/A
straighten 7,595
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$2,625/month

king_bed N/A
shower N/A
straighten N/A
straighten 7,595
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Listing information courtesy of: Jo Lin, IRN REALTY . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:48 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.