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.
Property Details
Price:
$1,850,000
MLS #:
24424417
Status:
Active Under Contract
Baths:
0
Address:
16 W Newman Avenue
Type:
Residential Income
Neighborhood:
605arcadia
City:
Arcadia
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
91007
Lot Size:
8,597 sqft / 0.20 acres (approx)
Year Built:
1953
See this Listing
Mortgage Calculator
Schools
Interior
Heating
Wall Furnace
Exterior
Garage Spaces
4.00
Parking Spots
5.00
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address16 W Newman Avenue Arcadia CA
- Area605 – Arcadia
- CityArcadia
- CountyLos Angeles
- Zip Code91007
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Courtesy of Realty Investment Advisors, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
16 W Newman Avenue
Arcadia, CA
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