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34376050
34376077

921 W HUNTINGTON DR, ARCADIA, CA 91007 For Sale

BH
CA CA 01438644
Realty Investment Advisors
AM
CA 02063191
Realty Investment Advisors
Listed by Realty Investment Advisors
$8,200,000
6 days on market
Updated 6 days ago

921 W HUNTINGTON DR ARCADIA CA 91007

Details
APN 5777-035-027
Property Type Multifamily
Square Footage 16,314
Net Rentable (SqFt) 16,314
Units 20
Cap Rate 3.62%
NOI $297,199
Occupancy 100%
Pro-Forma Cap Rate 4.90%
Pro-Forma NOI $401,481
Price per SqFt $503
Year Built 1953
Buildings 3
Lot Size (SqFt) 34,969
Zoning R3
Parking Spaces 28 spaces
Parking per 1,000 SqFt 1.72

Pride of Ownership 20 Units in Arcadia

Marketing description

Realty Investment Advisors is pleased to present 921-933 West Huntington Drive, a rare opportunity to acquire a beautifully maintained 20-unit apartment community in one of Arcadia's most sought-after residential corridors. Situated on an expansive 34,969 square-foot lot within the highly acclaimed Arcadia Unified School District, the property offers an attractive combination of stable income, quality improvements, and long-term appreciation potential.

The property is comprised of three separate residential buildings featuring twenty spacious units, including eight two-bedroom/one-bathroom units and twelve one-bedroom/one-bathroom units. Designed to appeal to both families and professionals, many units feature desirable floor plans, abundant natural light, and fireplaces, while select units offer central HVAC systems and oversized private patios.

Residents enjoy a variety of amenities rarely found in comparable apartment communities, including a sparkling swimming pool, beautifully landscaped grounds, abundant parking, and a well-maintained laundry facility equipped with three sets of owned washers and dryers. These amenities contribute to strong tenant retention and enhance the overall living experience.

Current ownership has invested significantly in the property's upkeep and infrastructure, completing numerous capital improvements over the years including copper plumbing upgrades, newer roofing, fresh exterior paint, electrical subpanel replacements, and interior unit renovations. The property is separately metered for gas and electricity and benefits from an exceptional parking ratio with twenty-eight total parking spaces, including garages and open parking.

Ideally located along Huntington Drive, the property offers convenient access to many of Arcadia's most desirable destinations, including Santa Anita Park, The Shops at Santa Anita, Santa Anita Golf Course, the Los Angeles County Arboretum, and a variety of popular dining and retail amenities. Combined with Arcadia's excellent schools and strong housing demand, the property continues to attract a stable and desirable tenant base.

Multifamily opportunities of this caliber rarely become available in Arcadia, particularly properties of this scale situated on nearly 35,000 square feet of land.

PLEASE DO NOT DISTURB TENANTS. DRIVE-BY ONLY.

Investment highlights

• Highly Coveted Arcadia Unified School District

• Expansive 34,696 Square Foot Lot

• Pride-of-Ownership 20-Unit Apartment Community

• Three Separate Residential Buildings

• Sparkling Community Swimming Pool

• All Units Feature Fireplaces

• Four Units Feature Central HVAC Systems and Oversized Private Patios

• Twenty-Eight Total Parking Spaces (4 Two-Car Garages, 13 Single-Car Garages, 7 Open Spaces)

• Copper Plumbing Throughout

• Electrical Subpanels Replaced

• Newer Roofs and Windows

• Separately Metered for Gas & Electricity

• Laundry Facility with Three Sets of Owned Washers and Dryers

• Professionally Landscaped Grounds

• Minutes to Santa Anita Park, The Shops at Santa Anita, Santa Anita Golf Course & The Arboretum

Listing Contacts

BH
CA CA 01438644
Realty Investment Advisors
AM
CA 02063191
Realty Investment Advisors
Listed by Realty Investment Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$297,199.00
$24,766.58/mo

Valuation Metrics

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DSCR
3.62%
Cap Rate
3.62%
ROI

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Additional Information

Name
Benjamin Hsiang
License
CA 01438644
Brokerage
Realty Investment Advisors
Brokerage Phone
424-377-6001
Title
Real Estate Broker
Brokerage Address
2450 Colorado Avenue
Name
Alex Metaxas
License
02063191
Brokerage
Realty Investment Advisors
Brokerage Phone
6263134901
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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