28 Bonita Street
$2,280,000
1
6
3,660
3,660
$623
Description
Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside....Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.
- Listed by Jo Lin • DRE #02072996 • Brokerage DRE #01983717 • IRN REALTY • 6262630132
Property Details for 28 Bonita Street
Parking Spaces Total
6
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3660
Assessor Parcel Number5773-019-020
Property Attached YNtrue
LISTING UPDATED: 12/16/2024 04:09 AM
Property Details for 28 Bonita Street
Status | Active |
---|---|
MLS # | WS24249825 |
Days on Market | 5 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
County | Los Angeles County |
Building Information for 28 Bonita Street
Building/Complex28 Bonita StFloor-Stories2Residences-Pet Policy-Year Built1940Building Size-
Property Information for 28 Bonita Street
Property History for 28 Bonita Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 28 Bonita Street
Taxable ValueLand$1,304,661Additions$672,098Total$1,976,759
Tax Record2024$23,285 ($1,940 / month)
Home Facts
Total Finished SqFt3,660 SqFtAbove Grade Finished SqFt3,660 SqFtLot Size8,008 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningARR3HYCountyLOS ANGELESAPN5773-019-020
Schools near 28 Bonita Street
This home is within Arcadia Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Holly Avenue Elementary School PublicK to 5 | ||
First Avenue Middle School Public6 to 8 | ||
Arcadia High School Public9 to 12 | ||
Rancho Learning Center (Alternative) PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.