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Listed by JIA SUN, DRE #01880676 • Wetrust Realty
$ 1,950,000
Est. payment /mo
New
1114 6TH AVE Arcadia, CA 91006
0.52 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS26082940
Year Built 1926
Lot Size 0.516 Acres
Property Sub-Type Duplex
Source California Regional MLS
Property Description
A Rare Investment Gem! An Expansive 22,479 sq. ft. Lot Offering Both SB 9 Subdivision Potential and Stable Cash Flow: Discover an unparalleled investment opportunity in the heart of Arcadia! This massive R1-zoned lot (approx. 0.52 acres) is a rare find, combining immediate rental income with immense future development potential. Situated on an exceptionally large parcel of land, the property features two separate structures: . Front House (3 Bed / 2 Bath, approx. 1,480 sq. ft.): Equipped with central heating and air conditioning, a washer, a dryer, and a refrigerator; fully renovated in 2024. It is currently occupied by a reliable tenant paying $3,800 per month (based on rental rates from two years ago). . Rear House (2 Bed / 1 Bath, approx. 500 sq. ft.): Recently updated in 2024 with modern-style finishes. It is ready to be rented immediately (projected monthly rent: approx. $2,800) or can be kept vacant for future development purposes. Development Potential: Under California's SB 9 legislation, this exceptionally deep lot presents an ideal candidate for an "Urban Lot Split." You can explore the possibility of subdividing the parcel into two separate lots, potentially allowing for the construction of luxury primary residences and Accessory Dwelling Units (ADUs). (Buyer
Location
State CA
County Los Angeles
Area 605 - Arcadia
Rooms
Kitchen Hood Over Range, Oven Range - Gas, Refrigerator
Interior
Heating Heat Pump, Wall Furnace , Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other, 38
Exterior
Parking Features Detached Garage, Garage
Garage Spaces 2.0
Pool 31, None
View Hills
Building
Story One Story
Water District - Public
Others
Tax ID 8512005025
Special Listing Condition Not Applicable

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