143 ALTA ST ARCADIA, CA 91006

Features

• Price/sqft: $552
• Lot Size: 0.3664 acres
• Total Units: 10
• Construction Type: Wood

Facts

• Year Built: 01/01/1987
• Property ID: 895700726
• MLS Number: WS24136126
• Parcel Number: 5773-014-039
• Property Type: Townhouse or Condo
• County: Los Angeles
• Legal Description: TR=45005 LOT/SEC1
• Zoning: ARR3PH*

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. A perfect investment property! This 10-unit condo-style apartment building is an extremely rare opportunity for an investor in prime Arcadia. It's acquired a 1987 construction quality asset in a thriving rental market. Situated on a 15, 954 square foot lot, the buildings are approximately 12, 306 square feet and feature a unit mix of six 3 bedroom 2.5 bath units and four 2 bedroom 2 bath units. The property is extremely well parked with a total of 25 parking spaces: (10) 2 car garages and 5 additional open parking spaces. All units are two-story townhouse style with central a/c and heat, dishwashers, individual washer/dryer hookups, and separate meters for gas and electricity. The roofs were replaced in 2022, and each unit has its own balcony. Select units have been upgraded with wood flooring and countertops. The front and back units have multiple balconies and two spacious storage rooms at the rear of the property. The 10 units come with steady rental income and can be converted into condominiums.