Skip To Content

    1503 S 4th Avenue

    Arcadia, CA 91006
    • $1,150,000
    • STATUS: Active
    • ON SITE: 9 Days
    • ID#: OC21223228
    UPDATED: 11 min ago
    $1,150,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    POTENTIAL GALORE !!! A Very Rare and Unique Opportunity to Purchase this nearly 1/4 acre Property. Located in a Prime Location this home is ready to be Updated, Upgraded and Expanded OR Take Advantage of SB8 and SB9 and Build either 2 Units or up to 4 Units!!! You will need to do your own due diligence for all the latest updates from the City of Arcadia. If a New Single Unit Home is constructed the Maximum Square Footage allowed is as follows: Floor Area up to 4,436 Square Feet and Lot Coverage up to 3,442 Square Feet. The Lot/Home directly in front of it at 1503 S. 4th Avenue is also for sale !!. Your Choice to either keep the Lots Separate OR combine them into One Lot (already Zoned for this by the City of Arcadia). There is an easement granting access to this home on the south side of the property at 1503 S. 4th Avenue that will remain in place if the lots are sold separately. In addition there is a long term month to month tenant in place giving the option to use as an Income Producing Property. Owner May Carry a Loan if needed. DO NOT disturb the tenants or go onto the property without an appointment.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T23:25:14.947. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122189288
    Print Image

    1503 S 4th Avenue Arcadia, CA 91006

    • Price: $1,150,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: OC21223228
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1926
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    POTENTIAL GALORE !!! A Very Rare and Unique Opportunity to Purchase this nearly 1/4 acre Property. Located in a Prime Location this home is ready to be Updated, Upgraded and Expanded OR Take Advantage of SB8 and SB9 and Build either 2 Units or up to 4 Units!!! You will need to do your own due diligence for all the latest updates from the City of Arcadia. If a New Single Unit Home is constructed the Maximum Square Footage allowed is as follows: Floor Area up to 4,436 Square Feet and Lot Coverage up to 3,442 Square Feet. The Lot/Home directly in front of it at 1503 S. 4th Avenue is also for sale !!. Your Choice to either keep the Lots Separate OR combine them into One Lot (already Zoned for this by the City of Arcadia). There is an easement granting access to this home on the south side of the property at 1503 S. 4th Avenue that will remain in place if the lots are sold separately. In addition there is a long term month to month tenant in place giving the option to use as an Income Producing Property. Owner May Carry a Loan if needed. DO NOT disturb the tenants or go onto the property without an appointment.
    Exterior Features

    Fencing Wood Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Features Driveway LevelGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Accessibility Features None Common Walls No Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetWood Heating Floor Furnace Heating YN Yes Interior Features All Bedrooms DownBedroom On Main LevelMain Level Master

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Contingency None Disclosures Easement(S) Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 30000 Gross Scheduled Income 30000 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashCash To New LoanConventionalOwner Will CarryOwner May CarryPrivate Financing Available Net Operating Income 28800 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 1200 Possession Close Of Escrow Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning Arr1*

    Listing provided courtesy of Karyn Sontag of Keller Williams Oc Coastal Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T23:25:14.947. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367385817-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367385817-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367385817-1.jpg
    Logo
    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101