16 W Newman Avenue
Arcadia, CA, 91007
$1,850,000
Beds
0 Baths
SqFt
0.2 Acres
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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
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16 W Newman Avenue
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