855-865,875 W Huntington Drive

    Arcadia, CA 91007
    • $15,750,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: AR18106272
    UPDATED: 39 min ago
    $15,750,000
    • 0
      BEDS
    • 1.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 34,972
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Huntington Place +GG 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months!The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side. The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of +-34,972 square feet of building area on an oversized lot of +-55,503 square feet. The property consists of 3 different parcels and buildings.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T16:29:51.077. 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. 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, 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.
    www.playavistaliving.com/homes/83296058

    855-865,875 W Huntington Drive Arcadia, CA 91007

    • Price: $15,750,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: AR18106272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.27
    Acres
    34,972
    SQFT
    $450
    $/SQFT
    1953
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    Huntington Place +GG 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months!The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side. The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of +-34,972 square feet of building area on an oversized lot of +-55,503 square feet. The property consists of 3 different parcels and buildings.
    Exterior Features

    Carport Spaces 36.00 Garage Spaces 3.00 Lot Features Lot Over 40000 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedCarportCovered ParkingDriveway Parking Total 66.00 Parking YN Yes Pool Features Community PoolIn Ground Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall WindowSee Remarks Cooling YN Yes Fireplace Features Living RoomSee Remarks Fireplace YN Yes Heating Floor FurnaceWall HeaterSee Remarks Heating YN Yes Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 57770290315777029032 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SuburbanValley Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 860475.00 Gross Operating Income 834661.00 Gross Scheduled Income 860475.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 556193.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 43 Number Of Separate Gas Meters 43 Number Of Separate Water Meters 1 Number Wall AC 42 Number With Disposal 42 Number With Patio 4 Number With Range 42 Operating Expense 278467.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 71285.00 Total Expenses 276385.00 Trash Expense 0.00 Utilities Phone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Arr3*

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T16:29:51.077. 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. 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, 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.
     
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