1114 6th, Arcadia, California 91006, Arcadia, 91006 - bed, bath

1114 6th, Arcadia, California 91006 home-pic-0
ACTIVE$1,900,000
1114 6th, Arcadia, California 91006
0Bed
0Bath
2,256Sqft
22,470Lot
Year Built
1926
Close
-
List price
$1.9M
Original List price
$2M
Price/Sqft
$842
HOA
-
Days on market
-
Sold On
-
MLS number
WS24120558
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.90M(62th), sqft - 2256(55th), beds - undefined(1th), baths - undefined(2th).

Investors the opportunities , move in add-on Excellent location, estate sized property, award winning schools, lovingly maintained home, guest house, workshops, and tons of potential! or develop. Rare huge lot with 22450 sf in Arcadia school district in the city of Arcadia. It is a duplex. Land is flat and rectangular shaped. The front house has 3 bedrooms and 2 baths. One fireplace in living room. Separate laundry room. Central heating and air condition. The rear one has 2 bedroom and one bath. New heating and cooling equipment installed indoors. Washing and dryer installed outside. The total living area is 2156 sf. In February 2024 the owner Completely renovated both units, both units have new refrigerators and new stoves, the stove in the front unit uses electricity and the stove in the back unit uses gas . Detached garage with workshop. Another workshop with storage area and covered porch. The city can approve to build a single house with 9000 sf and an" ADU " WITH 1000 sf on this lot. Wonderful opportunity. The property is to be sold in its present AS-IS Condition. We recommend Buyer, buyer's agent to verify the square footage, permits and conditions of the property. It is at very good location . Very Convenient to Arcadia Mall, supermarkets, restaurants, library and schools.

Condition Rating
Excellent

Despite being built in 1926, both units of this duplex were 'completely renovated' in February 2024, which falls within the 'extensively renovated within 5 years' criterion for an excellent score. The renovation included new refrigerators, stoves, and new heating and cooling equipment. Images of the rear unit show modern laminate flooring, fresh paint, and recessed lighting, indicating a high standard of recent updates. While sold 'as-is', the extensive and recent renovation suggests all major components are new or virtually new, meeting current quality standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22470, living area = 2256.
Exceptional Development Potential: The property boasts a rare, large 22,450 sqft flat, rectangular lot with city approval potential for a 9,000 sqft single house and a 1,000 sqft ADU, offering significant investment and development opportunities.
Income-Generating Duplex: Configured as a duplex with a 3-bed/2-bath front unit and a 2-bed/1-bath rear unit, providing immediate rental income potential or multi-generational living options.
Recent Comprehensive Renovations: Both units were completely renovated in February 2024, including new heating/cooling equipment, refrigerators, and stoves, ensuring modern comfort and reduced immediate maintenance.
Prime Arcadia Location & Schools: Situated in an excellent location within the award-winning Arcadia school district, offering convenience to Arcadia Mall, supermarkets, restaurants, and other amenities.
Versatile Outbuildings: Includes a detached garage with a workshop and another separate workshop with storage and a covered porch, adding functional space and potential utility.

Cons

As-Is Sale Condition: The property is explicitly sold in 'AS-IS' condition, transferring all responsibility for potential repairs, upgrades, or unforeseen issues to the buyer.
Overpriced Relative to Market Estimate: The current list price of $1.9M is significantly higher than the estimated property value of $1.596M, indicating a potential overvaluation or a premium for development potential not fully captured by standard estimates.
Historic Property Age: Built in 1926, the property's age, despite recent renovations, may present challenges with older infrastructure, code compliance, or require more extensive long-term maintenance compared to newer constructions.

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