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855 865,875 W Huntington Drive, Arcadia, CA 91007

Property Details

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855 865,875 W Huntington Drive
Arcadia, CA 91007

For Sale: $15,750,000

Property Type: Commercial Apartments
MLS#: AR18106272

  • Building Size: 34972 SF
  • Lot Size: 55507 SF
  • Number of Units: 42
  • Number of Stories: 2
  • Year Built: 1953
  • Days on market: 161
  • Net Operating Income: $556,193
  • Gross Scheduled Income: $834,661
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Handoko Chen, GIG Real Estate Inc.

Property Description

Huntington Place – 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months! The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side. The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of ±34,972 square feet of building area on an oversized lot of ±55,503 square feet. The property consists of 3 different parcels and buildings.

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855 865,875 W Huntington Drive, Arcadia, CA 91007

Based on information from California Regional Multiple Listing Service, Inc. as of August 20, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Handoko Chen, GIG Real Estate Inc.

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