$5,800,000
$6,250,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
132 Diamond ST Arcadia, CA 91006
23 Beds
30 Baths
11,592 SqFt
Key Details
Sold Price $5,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,592 sqft
Price per Sqft $500
MLS Listing ID 23305845
Sold Date 01/10/24
Bedrooms 23
HOA Y/N No
Year Built 1988
Lot Size 0.365 Acres
Property Description
We are pleased to introduce an exclusive offering: a 10-unit condo-style apartment building situated in the highly sought-after area of prime Arcadia. This remarkable opportunity marks the first-ever listing of the property, presented by its original owner and developer. For astute investors, this represents an exceedingly rare chance to acquire a property of superior 1988 construction in a flourishing rental market. Situated on a generous 15,912 square foot lot, the buildings are approximately 11,592 square feet. The unit composition consists of two 3-bedroom, 2.5-bath units, seven 2-bedroom, 2.5-bath units, and a 3-bedroom + den, 2.5-bath unit. The property boasts ample parking with a total of 24 spaces available, including ten 2-car garages and an additional four guest parking spaces. All units are designed in a two-story townhouse style and offer modern comforts such as central air conditioning and heating, dishwashers, dedicated washer/dryer hookups, separate gas and electricity meters, and direct access to the unit from their assigned garages. Certain units have received upgrades like wood flooring and countertops, and there may be a potential for future condo conversion (subject to verification by the buyer with the city). This unique property opportunity is not to be missed.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Interior
Heating Central
Fireplace No
Exterior
Garage Door-Multi, Garage
Garage Spaces 20.0
Garage Description 20.0
Total Parking Spaces 24
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5779003036
Special Listing Condition Standard
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Bought with Benjamin J. Hsiang • Realty Investment Advisors, Inc.