$1,350,000
$1,200,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
700 S 2nd AVE Arcadia, CA 91006
7,278 Sqft Lot
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23217768
Sold Date 01/19/24
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1949
Lot Size 7,278 Sqft
Property Description
Welcome to a rare opportunity to own a single level duplex in the heart of Arcadia within the highly coveted Arcadia school district. Each unit offers a private yard space. Both units are spacious and include large living room, a dining area, comfortable kitchen and newer flooring. Both units have 2 bedrooms and 1 bathroom with an appealing floor plan. The back unit has a huge, private yard space and a two car garage. These units are on 2 separate electrical and gas meters and share 1 water meter. An absolutely perfect property to live in one and rent the other. Great lot size of over 7,275 sq. ft., zoned R2. First time on the market in 22 years! The current rents were way below market, has great rental upside. Both units are currently occupied, landlord has issued an official written notice to ask the tenants. to vacate by the end of December 2023. Property to be Sold in AS IS condition. No warranties expressed or implied by Seller or the brokers.This property would be a great investment for a family that wants to occupy, leave it as a rental or tear down and rebuild 2 homes. The possibilities are endless! Convenient to restaurants, shopping and transportation, Arcadia High School, 1st Avenue Middle School, a library, and very close to Westfield Shopping Center and the Santa Anita Race Track. Don't miss seeing this amazing opportunity in an ideal location.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR2YY
Interior
Interior Features Unfurnished, All Bedrooms Down
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Laundry Inside, Laundry Room
Exterior
Garage Door-Single, Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5779018016
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Probate Listing
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Bought with Karen Yu • Harvest Realty Development