28 Bonita Street

Arcadia, CA 91006

$2,280,000
Price
1
Beds
6
Baths
3,660 Sq. Ft.
$623 / Sq. Ft.
3,660
Sq. Ft.
$623
per Sq. Ft.

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.
  1. Listed by Jo Lin • DRE #02072996 • Brokerage DRE #01983717 • IRN REALTY • 6262630132

Property Details for 28 Bonita Street

Parking Spaces Total
6
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3660
Assessor Parcel Number
5773-019-020
Property Attached YN
true
LISTING UPDATED: 12/16/2024 04:09 AM

Property Details for 28 Bonita Street

StatusActive
MLS #WS24249825
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
CountyLos Angeles County

Building Information for 28 Bonita Street

Building/Complex28 Bonita StFloor-Stories2Residences-Pet Policy-Year Built1940Building Size-

Property Information for 28 Bonita Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,400
  • Gross Scheduled Income: $129,180
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $80,198
  • Laundry Income: $2,400
Expense Details
  • Operating Expense: $47,507
  • Gardener Expense: $1,440
  • Electric Expense: $216
  • Insurance Expense: $7,503
  • Professional Management Expense: $0
  • Trash Expense: $1,807
  • Water Sewer Expense: $2,273
  • Total Expenses: $47,507
Tax / Assessment Info
  • Tax Block: 66
  • Tax Tract Number: 4308
  • Tax Census Tract: 4308.01
  • CFD/Mello-Roos Fee: $1,887
  • Tax Lot: 28
Community / Development
Community / Development
  • Community Features: Golf, Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 5
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,794
  • Unit Type Total Rent: $10,785
  • Unit Type Pro Forma: 13800
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0

Property History for 28 Bonita Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

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28 Bonita Street is a multi-family home for sale in Arcadia, CA 91006. This property was listed for sale on December 16, 2024 by IRN REALTY, it's currently listed at $2,280,000. It has been on the market for a total of 5 days and was last sold on November 30, 2021. This listing's school district is Arcadia Unified School District. Nearby schools include Holly Avenue Elementary School, First Avenue Middle School and Arcadia High School. 28 Bonita Street is a 1-bed, 6-bath, 3,660 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IRN REALTY, Jo Lin, DRE #02072996

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.