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1116 Duarte Road
Arcadia, CA 91007
Sold
First Time For Sale Since 1977! 1116-1118 W Duarte Rd., an exceptional investment opportunity in the highly sought-after city of Arcadia, California. This property is being offered for sale for the first time since 1977, making it an extraordinary find for astute investors seeking stable income and long-term appreciation potential in a mature and one of the most desirable locations in San Gabriel Valley. The property is unique and rare; a ranch style pride-of-ownership single-story property with a 3bed+2bath house in the back and five 2bed+1bath apartments. It is in the heart of the City of Arcadia, and does not have any local rent control, providing maximum flexibility and rent increases capabilities (under California AB1482). It is located within the highly desirable Temple City School District and surrounded by many newer townhouses and condominiums and offers an excellent demographics of ±$123,546 average household income within a mile radius! Tenants enjoy its proximity to Santa Anita Mall and Santa Anita Park and its walking distance to school, shopping, groceries, and other amenities both Arcadia and Temple City have to offer. The property is situated on a large 16,086 square feet lot (R3 zoned) and was built in 1960. It is a single-story bungalow style apartment with an excellent unit mix of one (1) x 3bedroom+2bathroom house in the back, and five (5) x 2bedroom+1bathroom units. The back house has been upgraded in 2008, has its own laundry hookups and machines, central HVAC, and has semi-private front patio area. Each of the remaining 5 units has its own private patio. The property has double pane windows throughout and a shared laundry room (laundry lease). The property is separately metered for electricity and gas, windows A/C, wall heater, and individual water heater. There is a total of 11 parking spaces which are provided by 6 detached carports in the back and 5 open spaces. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).
PROPERTY INFORMATION
| MLS # | AR23118910 | Lot Size | 16,082 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,880,000
Price Per SqFt: $ 579 |
DOM | 704 Days |
| Address | 1116 Duarte Road | Type | Residential Income |
| City | Arcadia | Sq.Ft. | 4,977 Sq. Ft. |
| Postal Code | 91007 | Garage | N/A |
| County | Los Angeles | Year Built | 1960 |
| Bed / Bath | 5 / 0 | Parking | 11 |
| Built In | 1960 | Status | Closed |
| Sold Date | 2023-08-10 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate, Stone, Tile, Vinyl, Wood |
| EntryLocation | ground |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
EXTERIOR FEATURES
| Roof | Asbestos Shingle |
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,072
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/10/2023 | Sold | $2,880,000 |
| 07/03/2023 | Listed | $2,880,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Han Chen, Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
