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1505 S 4th Avenue

Arcadia, CA 91006
  • $1,150,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: OC21223215
UPDATED: 29 min ago
$1,150,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
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. Please do NOT disturb the tenants or go onto the property without an appointment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T07:33:49.337. 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/122189326
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1505 S 4th Avenue Arcadia, CA 91006

  • Price: $1,150,000
  • Status: Active
  • Updated: 29 min ago
  • ID#: OC21223215
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1959
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. Please 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 LevelDoor-SingleDrivewayGarage Faces FrontGarage 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 Living Room Fireplace YN Yes Flooring CarpetWood Heating Wall Furnace Heating YN Yes Interior Features Granite CountersAll Bedrooms DownMain 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) Garage YN Yes Gross Income 28200 Gross Scheduled Income 28200 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 LoanConventional1031 ExchangeOwner Will CarryOwner May CarryPrivate Financing AvailableSubmit Net Operating Income 27000 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 Connected Water Source Public Zoning Arr1yy

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


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-23T07:33:49.337. 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.
 
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Pasadena CA, 91101