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$2,280,000
8 Days On Site

28 Bonita Street
Arcadia, CA 91006

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,660
SqFt
$623
/SqFt
1940
Built
County:
Los Angeles
Listed by Jo Lin of IRN REALTY [email protected]

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(678) 675-6575
28 Bonita Street28 Bonita Street28 Bonita Street28 Bonita Street
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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.

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Listing Snapshot
Price 
$2,280,000
Days On Site 
8 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,660 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1839 Acres
Year Built 
1940
MLS® Number 
WS24249825
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.1839
Garage 
Yes
Garage Spaces 
5
Number Of Stories 
2
Parking Spaces 
6
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3660
Stories 
OneTwo
Water Source 
Public
Zoning 
ARR3HY
Interior Features
Laundry Features 
Common Area
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Exterior Features
Lot Features 
Front Yard
Pool Features 
None
Community Features
Building Access 
Front
Community Features 
GolfPark
Financing Terms Available 
CashConventional
MLS Area 
605 - Arcadia


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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