1132 W Duarte Rd

Address: 1132 W Duarte Rd., Arcadia, California, US

California & West + Apartments

Created date: November 8, 2023

Date last updated: November 8, 2023

• Pride-of-ownership and attractive garden-style apartment that is very well maintained and located in a superb location.

• Excellent Unit Mix with 60% 3bedroom units
• 4 units have private patio, and 2 units have small private backyard.
• Large building size ±19,432 SF – Estimated average unit size: ±971SF/unit (buyer to verify)
• NEW Roof (2021), well-manicured landscaping, ample parking, large lot, fenced swimming pool
• Most tenants are on month-to-month agreement, ±30% Estimated rental upside.

• 2 units are vacant and can be delivered vacant for immediate value-add work. • Large ±30,379 SF lot size (R3) with ample parking, perfect for future development or condo conversion or ADUs
• Some units have upgraded kitchen and bathroom, double pane windows; each unit has central heating, windows A/C, ceiling fans, and separately metered for gas and electricity.
• Possible ADU upside in the back (buyer to verify), NO parking soft story retrofit is

Property Description

FIRST TIME OFFERED FOR SALE SINCE 1986 (37 years)
NO LOCAL RENT CONTROL; Highest Allowable rent increases in California(AB1482)
Core City of Arcadia Location!
Superb location in a highly desirable city of Arcadia, Near Santa Anita Mall,Santa Anita Park, medical offices, schools, library, retail stores, etc.
Superb Demographics with over $123,449 average HH income within 1-mileradius and median home price ±$1million
Large R3 lot (±0.7acre) providing future development potential, AdditionalDwelling Units, or Condo conversion.
Superb amenities – walk to 2 major shopping centers (99 Ranch Market inPresident Square, and ARCADIA HUB with Vons, Burlington Factory, and LA fitness as the major tenants), walking distance to retail stores on Baldwin Ave
Nearby many new high-end residential development

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$9,500,000
No. of Units:	20
Year Built:	1962
Building Size:	19,432 Sq ft
Lot Size:	30,379.00 Sq ft
No. of Stories:	2
APN:	5382-001-043
Opportunity Zone:	No
Price per unit:	$475,000