1132 West Duarte Road
1132 West Duarte Road
$9,250,000
7
30
19,432
19,432
$476
Description
Priced at 4.07% CAP Rate and Low Price/SF for the area, A Pride-of-Ownership value-add investment opportunity in the highly sought-after city of Arcadia (NO Local Rent Control). Offered at a high CAP Rate and Proforma CAP Rate close to 6%, this property is being offered for sale for the first time since 1986. The property is a garden style pride-of-ownership 2-story property with an excellent unit mix of mostly oversized 3bedrooms units and several large 1bedroom units. It is located within the highly...Priced at 4.07% CAP Rate and Low Price/SF for the area, A Pride-of-Ownership value-add investment opportunity in the highly sought-after city of Arcadia (NO Local Rent Control). Offered at a high CAP Rate and Proforma CAP Rate close to 6%, this property is being offered for sale for the first time since 1986. The property is a garden style pride-of-ownership 2-story property with an excellent unit mix of mostly oversized 3bedrooms units and several large 1bedroom units. It is located within the highly desirable Temple City School District and surrounded by many newer townhouses and condominiums and offers an excellent demographics of ±$123,449 average household income within a mile radius! Tenants enjoy its proximity to Santa Anita Mall and Santa Anita Park and its walking distance to school, shopping, groceries, and other amenities both Arcadia and Temple City have to offer. The property has a total of 19,432 SF building size which translates to ±971sf average unit size, is situated on a large 30,379 square feet lot (R3 zoned) and was built in 1962. It has been very well maintained without any known deferred maintenance; it has a brand-new roof (replaced in 2021), well-manicured landscaping, fenced swimming pool, and security cameras system. It offers an excellent unit mix of ten (10) x 3bedroom+2bathroom, two (2) x 3bedroom+1bathroom, and eight (8) x large 1bedroom+1bathroom units. Each unit is large and bright with central heating, windows A/C, and ceiling fans. Some units have upgraded kitchen and upgraded bathroom. Four units have private patio, and two units have small private backyard. The property is separately metered for electricity and gas, has a master water heater, and shared laundry room (leased). There is a total of 30 parking spaces which are provided by 10 open spaces + 13 detached carport spaces + 7 tuck-under parking. There is an additional parking space that has been converted into the owner’s storage room and a 2nd storage room near the laundry area. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).
- Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495
Property Details for 1132 West Duarte Road
View
Mountain(s)
Parking Spaces Total30
Private PoolNo
Cooling TypeWall/Window
Total Units20.0
Building TypeAttached
Lot Size SourceAssessor
Living Area19432
Location
LISTING UPDATED: 04/16/2024 08:01 AM
Property Details for 1132 West Duarte Road
Status | Active |
---|---|
MLS # | AR24030166 |
Days on Market | 75 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
County | Los Angeles County |
Location
Building Information for 1132 West Duarte Road
Building/Complex1132 W Duarte RdFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-
Payment Calculator
$53,197 per month
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Property Information for 1132 West Duarte Road
Property History for 1132 West Duarte Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1132 West Duarte Road
Taxable ValueLand$650,791Additions$1,765,661Total$2,416,452
Tax Record2023$32,590 ($2,716 / month)
Home Facts
Total Finished SqFt19,432 SqFtAbove Grade Finished SqFt19,432 SqFtLot Size30,379 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningARR3YYCountyLOS ANGELESAPN5382-001-043
Schools near 1132 West Duarte Road
This home is within Temple City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 6 |
Rating | School | Distance |
---|---|---|
Longden Elementary School PublicK to 6 | ||
Oak Avenue Intermediate School Public7 to 8 | ||
Temple City High School Public9 to 12 | ||
Cloverly Elementary School Public4 to 6 |
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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