4-Unit Condo Complex | Operating as Multifamily
(4) 3+3 Condos | (2) Delivered Vacant
Marketing description
NAI Capital Commercial, Inc. is please to present 1033 La Cadena Ave - a four-unit condo community nestled in the heart of one of Southern California's most desirable cities. Each of the four residences offers a spacious 3-bedroom, 3-bathroom floor plan with generous living areas ranging from 1,475 to 1,664 square feet with two-car garages and surface parking, making these among the largest condominium units available in Arcadia at this price point.
Built in 1990, the complex sits on a generous 10,297-square-foot lot on La Cadena Avenue — a quiet, tree-lined residential street that balances neighborhood tranquility with exceptional proximity to Arcadia's best amenities. Residents enjoy walkable access to the Westfield Santa Anita mall, the iconic Santa Anita Park racetrack, top-rated Arcadia Unified schools, and the vibrant dining and retail corridor along Huntington Drive and Baldwin Avenue.
What makes this offering truly exceptional is its structure: all four condominiums are individually parceled with separate Assessor Parcel Numbers — a configuration that has already cleared the most complex and costly step of a condo conversion. The property is currently operated as a single apartment-building entity, meaning a new buyer has the flexibility to continue as a rental portfolio or establish a formal HOA and sell units individually without the need for further subdivision or entitlement work.
The property is offered as a fully assembled four-pack — a rare configuration in a city where individual condo inventory is tightly held and demand from Arcadia Unified School District families remains relentlessly strong. Whether the buyer intends to hold all four as a rental portfolio, occupy one unit and lease the others, or complete a thoughtful renovation and sell individually, 1033 La Cadena presents a flexible, high-conviction opportunity in one of the San Gabriel Valley's premier addresses.
Investment highlights
- Call for Offers Date: June 12, 2026. Tours by Appointment: June 10, 2026
- Excellent Unit Mix - 100% large 3-bedroom, 3-bathroom multi-level townhome style units with 2-car garages.
- Individually Parceled Condos - All four units carry separate APNs and are subdivided as condominiums under California law with potential to be sold as condos after establishing an HOA and obtaining approvals from the city.
- Significant Below-Market Rents - The two leased units are tenanted at $2,862/month each — approximately 30% below the estimated market rent of $4,200/month. Upside of roughly $1,300/month per unit is achievable upon re-leasing.
- Two Vacant Units at Delivery - Units 1 and 4 (1,664 SF and 1,615 SF — the two largest units) will be delivered vacant, allowing an investor to immediately lease at market rents or renovate and resell without tenant displacement risk.
- Top-Tier School District - Arcadia Unified School District ranks in the top 1% of school districts nationwide, consistently earning A+ grades on Niche.com. This drives extraordinary owner-user demand and creates a durable price floor for residential real estate.
- Arcadia Market Fundamentals - Arcadia's median home value has appreciated to approximately $1.8M as of early 2026, with strong international buyer demand and limited condo inventory in the submarket.
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