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28 Bonita St
For Sale $2,280,000
$2,280,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 8,010 Sq Ft
Description
Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity.
This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer verification.
The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius.
This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,280,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 5 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5773019020 |
| MLS # | WS24249825 |
| Property ID | 284454552 |
| Lot Sqft | 8,010 |
| Zoning | ARR3HY |
| Total Units | 6 |
| Days on Market | 35 |
| Original List Price | $2,280,000 |
| Date Updated | January 13, 2025 |
| Date Created | December 16, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.0 | $1,100 | $1,100 |
| Unit #2 | 1 | 1.0 | $1,050 | $1,100 |
| Unit #3 | 1 | 1.0 | $1,050 | $1,100 |
| Unit #4 | 1 | 1.0 | $1,050 | $1,100 |
| Unit #5 | 1 | 1.0 | $1,100 | $1,100 |
| Unit #6 | 1 | 1.0 | $950 | $1,100 |
| Net Income (Yr) | $ 80,198 |
Listing Provided By
Jo Lin an agent of . Lic #02072996
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 13, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT