1114 6TH AVE, Arcadia, CA 91006
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1114 6TH AVE, Arcadia, CA 91006
1114 6TH AVE, Arcadia, CA 91006
1114 6TH AVE, Arcadia, CA 91006
1114 6TH AVE, Arcadia, CA 91006
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Pinnacle Realty Advisors

Pinnacle Realty Advisors

+1(972) 338-5441
Listed by JIA SUN, DRE #01880676 • Wetrust Realty
$ 1,950,000
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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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1114 6TH AVE