Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

3

Building size

3,923 sqft

Lot size

17,972 sqft

Year built

1957

Stories

1

Garage spaces

6

Heating

Central

Pool

Private

Status

Active

Days on market

40

MLS #

249118824

About this property

3-Unit Masterpiece! An exceptional opportunity to own a beautifully remodeled triplex situated on an expansive approximately 0.41-acre lot in one of Arcadia’s highly desirable residential neighborhoods. Comprised of three separate units—9844, 9846, and 9848 E. Lemon Avenue—the property offers a rare combination of substantial land, multiple income-producing residences, and outstanding long-term flexibility. This triplex has been thoughtfully remodeled, offering an attractive turnkey opportunity for both investors and owner-users seeking a well-maintained multifamily property. The versatile configuration provides the benefits of three independent residences while occupying a single generous parcel, creating an especially compelling opportunity in a market where properties offering this combination of scale and income are rarely available. The expansive grounds provide a sense of privacy and space that is difficult to find among multifamily properties, complemented by an existing swimming pool that adds to the property’s recreational appeal. The large lot and three-unit configuration create an abundance of possibilities for an owner looking to enjoy immediate rental income while holding a valuable Arcadia asset for the long term. Ideally located in the heart of the San Gabriel Valley, the property offers convenient access to shopping, dining, parks, transportation, and the many amenities that make Arcadia one of the area’s most sought-after communities. Have long term and very stable tenants with a lot of potential rent increase!

Location

9844 E Lemon Ave

Arcadia, Los Angeles, CA, 91007