Arcadia, CA 91007 16 W Newman Avenue

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Presented By: Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
  • MLS# 24352897
  • 02/01/2024
  • Request Tour
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 3,361
  • GarageGarage • 4

Home Details

We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situated directly across the street.
Presented By: Benjamin J. Hsiang with Realty Investment Advisors, Inc.;

Interior Features for 16 W Newman Avenue

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
Street SuffixAvenue
Total Stories2

General for 16 W Newman Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate2.75
Carport Y/NNo
CityArcadia
CountyLos Angeles
Days on Market99
DirectionsSouth on N. Santa Anita Ave, West on W. Newman Ave
Garage Spaces4.0
Garage Y/NYes
Gross Income95400.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet8597.0
MLS Area605 - Arcadia
MobileHomeRemainsYNNo
Net Operating Income53587.0
New ConstructionNo
Open Parking Spaces1.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameNewman
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1953
ZoningARR3YY

Exterior for 16 W Newman Avenue

Building Area Total3361.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1974
Lot Size Area8597.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDoorMulti, Garage
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,950,000
MLS#24352897
List Date 02/01/2024
Property Type Multi-Family
Phone 714.964.3311
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