16 West Newman Avenue
16 West Newman Avenue
$1,950,000
8
4
3,361
3,361
$580
Description
We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a...We are pleased to present the sale of 16 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage! With a generous 3,361 square feet of living space on an expansive 8,597 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situated directly across the street.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 16 West Newman Avenue
Zoning
ARR3YY
Parcel Number5775027020
Total Units4.0
Living Area3361
Source Living AreaVendor Enhanced
AreaArcadia (605)
Vacancy Rate0
Lot Size Area8597
Location
LISTING UPDATED: 02/09/2024 12:01 AM
Property Details for 16 West Newman Avenue
Status | Active |
---|---|
MLS # | 24-352897 |
Days on Market | 91 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.20 AC / 8,597 SF |
County | Los Angeles County |
Location
Building Information for 16 West Newman Avenue
Stories2Residences-Year Built1953Building Size-Lot Size0.20 AC / 8,597 SF
Payment Calculator
$10,900 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 16 West Newman Avenue
Property History for 16 West Newman Avenue
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 16 West Newman Avenue
Taxable ValueLand$55,012Additions$111,642Total$166,654
Tax Record2023$3,097 ($258 / month)
Home Facts
Total Finished SqFt3,361 SqFtAbove Grade Finished SqFt3,361 SqFtLot Size8,953 SqFtStyleQuadraplexYear Built1953ZoningARR3YYCountyLOS ANGELESAPN5775-027-020
Schools near 16 West Newman Avenue
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 - | 1 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) Public1 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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