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$ 1,950,000
Est. payment /mo
New
1114 6TH Avenue Arcadia, CA 91006
5 Beds
3 Baths
0.52 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26082940
Bedrooms 5
Lot Size 0.516 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Rare Investment Gem! An Expansive 22,479 sq. ft. Lot Offering Both SB 9 Subdivision Potential and Stable Cash Flow. Discover an unparalleled investment opportunity in the heart of Arcadia! This massive R1-zoned lot (approx. 0.52 acres) is a rare find, combining immediate rental income with immense future development potential. Situated on an exceptionally large parcel of land, the property features two separate structures: Front House (3 Bed / 2 Bath, approx. 1,480 sq. ft.): Equipped with central heating and air conditioning, a washer, a dryer, and a refrigerator; fully renovated in 2024. It is currently occupied by a reliable tenant paying $3,800 per month (based on rental rates from two years ago). Rear House (2 Bed / 1 Bath, approx. 500 sq. ft.): Recently updated in 2024 with modern-style finishes. It is ready to be rented immediately (projected monthly rent: approx. $2,800) or can be kept vacant for future development purposes. Development Potential: Under California's SB 9 legislation, this exceptionally deep lot presents an ideal candidate for an "Urban Lot Split." You can explore the possibility of subdividing the parcel into two separate lots, potentially allowing for the construction of luxury primary residences and Accessory Dwelling Units (ADUs). (Buyers are advised to verify specific feasibility directly with the City.) Located in one of Arcadias most highly sought-after neighborhoods, this property is situated within a top-rated school districtclose to excellent elementary, middle, and high schoolsand is conveniently located near shopping centers and Asian su
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Between Duarte and Camino Real
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8512005025
Acceptable Financing Conventional, Exchange
Listing Terms Conventional, Exchange
Listed by JIA SUN, DRE#01880676 Wetrust Realty
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