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$1,950,000
8 bed
3,361 Sqft
8,597 Sqft lot

16 W Newman Avenue, Arcadia, California 91007

  • Residential Income Property Type
  • 9 Days Time on market
  • $580 Price per sqft
  • 1953 Year Built
Property Description

We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property’s curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situated directly across the street.

Basic Details
Residential Income
Buy
24352897
$1,950,000
8
3,361 Sqft
1953
8,597 Sqft
Activeundercontract
Condos/Co-ops
Features
: Wall Furnace
5
$0
Address
CA
Los Angeles
Arcadia
91007
16 W Newman Avenue
16
Avenue
0
W119° 58' 2.9''
N34° 8' 46.5''
W
Additional Information
9
2
2
4
: Two
: Laundry Room, Common Area
4
3,361 Sqft
0 Sqft
0 Sqft
0.20 Sqft
8,597 Sqft
1
0 Sqft
ARR3YY
5775027020
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
10/05/2024 00:00:00
$0
: Standard
South on N. Santa Anita Ave, West on W. Newman Ave
Destrahan
Harry Hurst
Realty Investment Advisors, Inc.
Benjamin J. Hsiang
CLW-X82128
CLW-X81016
$0
2.75
1
1
0
0
1
1
1
4
95400
US-06037-N-5775027020-R-N
01/02/2024 20:26:17
Newman
605 - Arcadia
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