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Buying and Selling Multi-family Investment Properties in Arcadia, CA
Arcadia is located in the San Gabriel Valley region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. In 2010, Bloomberg Businessweek named Arcadia as one of the "Best Places to Raise Your Kids: 2010" for the second year in a row. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Arcadia.
Arcadia’s population was 57,497 as of 2012. The estimated median household income in 2011 was $71,751 (it was $56,100 in 2000). This is larger than the California median which was $57,287 in 2011.
Arcadia's economy is driven by wholesale trade, retail trade, manufacturing, healthcare and social assistance, arts, entertainment, and recreation. Revenue from the Santa Anita Racetrack has long supported capital improvements for the City of Arcadia. The Westfield Santa Anita mall is a major shopping center in the city and features Sport Chalet, Borders Books and Music, Dave & Busters, Coach, Talbots, and numerous smaller retailers and full-service eateries. The top employers in the city include Vons (459), Emergency Groups' Office (300), Macy’s (294), WorleyParsons (277), Nordstrom (274) and J.C Penney (272).
The city also enjoys being close to a variety of conveniences. The nearest major airport is Bob Hope Airport (BUR). This airport has domestic flights from Burbank and is 24 miles from the center of Arcadia. Another major airport is Long Beach Airport (LGB), which has domestic flights from Long Beach and is 33 miles from Arcadia. Arcadia's local hospital is the Methodist Hospital of Southern CA. There are also colleges and universities around Arcadia, the biggest being the University of Southern California with 30,578 full time enrolled students 9 miles away.
Arcadia has many attractions, the most famous of which is the Santa Anita Park, which features a thoroughbred racetrack known for prestigious races including the Santa Anita Derby, the Santa Anita Handicap and the Breeders' Cup. Another top attraction is the Los Angeles County Arboretum & Botanic Garden which is a 127 acre botanical garden and historical site. Other attractions include Arcadia Par 3 Golf Course, Arcadia Park, Wilderness Park, the Ruth and Charles Gilb Arcadia Historical Museum, and The Westfield Santa Anita mall.
All of these features make Arcadia a great place to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and many renters. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.ci.arcadia.ca.us, city-data.com and wikipedia
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