About 772 W Huntington Dr
We are pleased to present for sale this 7 unit condo style apartment building in prime Arcadia. Offered for sale by the original owner/developer of the property, this is an extremely rare opportunity for an investor to acquire a 2004 construction quality asset in a thriving rental market. Situated on a 15,766 square foot lot, the building is approximately 11,486 square feet and features a unit mix of six 3 bedroom 2.5 bath units and one 3 bedroom 2 bath unit. The property is extremely well parked with a total of 18 parking spaces: (8) 2 car garages, (1) single car garage and 1 additional open parking space. All units are two-story townhouse style with central a/c and heat, dishwashers, individual washer/dryer hookups, separate meters for gas and electricity, and direct access to the unit from their assigned garage. Select units have been upgraded with wood flooring and countertops and there may be a potential future condo conversion possibility (Buyer to verify with the city).
Features of 772 W Huntington Dr
| MLS® # | 24-372735 |
|---|---|
| Price | $6,300,000 |
| Units | 7 |
| Bedrooms | 21 |
| Bathrooms | 20.00 |
| Square Footage | 11,486 |
| Acres | 0.36 |
| Year Built | 2004 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Status | Active |
Community Information
| Address | 772 W Huntington Dr |
|---|---|
| Area | Arcadia |
| City | ARCADIA |
| County | Los Angeles |
| State | CA |
| Zip Code | 91007 |
Amenities
| Parking Spaces | 18 |
|---|---|
| # of Garages | 17 |
| Garages | Garage - 2 Car, Garage - 1 Car, Uncovered, Parking Space |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | April 2nd, 2024 |
|---|---|
| Days on Market | 47 |
| Zoning | ARR3YY |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 1.66 |
| Gross Operating Income | $200,790 |
| Net Operating Income | $104,297 |
Unit 1 Details
| Beds | 3 |
|---|---|
| Baths | 2.50 |
| Rent | $14,750 |
Unit 2 Details
| Beds | 3 |
|---|---|
| Baths | 2.00 |
| Rent | $2,500 |
Listing Details
| Agent | Benjamin J. Hsiang (01438644) |
|---|---|
| Office | Realty Investment Advisors, Inc. |