Est. cap rate

1.6%

Assumed rent, all units

$5,060/mo

Units

2

Price per unit

$975,000

Est. annual NOI

$30,360

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,048 sqft

Lot size

22,479 sqft

Year built

1926

Stories

1

Garage spaces

2

Heating

Heat Pump,Wall Furnace,Central

Cooling

Central Air,Ductless

Pool

None

View

Mountain(s)

Status

Active

Days on market

46

MLS #

241155022

About this property

A 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 Arcadia’s most highly sought-after neighborhoods, this property is situated within a top-rated school district—close to excellent elementary, middle, and high schools—and is conveniently located near shopping centers and Asian supermarkets. The property is being sold "AS-IS." Buyers are strongly advised to independently verify all potential development possibilities, permitting requirements, and land-use regulations with the City of Arcadia. "Seller intends to execute a 1031 tax-deferred exchange at no additional cost to the buyer . Buyer to cooperate with seller's 1031exchange".

Location

1114 6TH Avenue

Arcadia, Los Angeles, CA, 91006