823 N Santa Anita Avenue N, Arcadia, California 91006, Arcadia, 91006 - bed, bath

823 N Santa Anita Avenue N, Arcadia, California 91006 home-pic-0
ACTIVE$1,188,000
823 N Santa Anita Avenue N, Arcadia, California 91006
0Bed
0Bath
1,818Sqft
7,554Lot
Year Built
1948
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$653
HOA
-
Days on market
-
Sold On
-
MLS number
GD25124850
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

LOWEST PRICED INVESTMENT PROPERTY IN ARCADIA. Welcome to 823–825 N. Santa Anita Avenue, a rare investment opportunity nestled in prestigious North Arcadia. This charming east-facing duplex is one of the few multi-family properties in this coveted neighborhood, making it a true gem for investors, multi-generational buyers, or owner-users seeking an exceptional residence, substantial rental income, and value-add, long-term upside. Each residence features a thoughtfully designed 2-bedroom, 1-bathroom layout with spacious living rooms, full kitchens, and only one shared wall for added privacy. Additional perks include private front porches, dual entrances for each unit, and dedicated laundry hook-ups inside both homes. NEW ROOF 2023. NEW WINDOWS in 2023. New mainline sewer installed within the last 3 years! The property also boasts: a two-car garage, a backyard area with potential, separate gas and electric meters, a remodeled bathroom in the front unit, and granite kitchen countertops in the rear unit. There is a possibility for ADU additions (buyer and buyer's agent to verify); this property presents exciting value-add potential, with room for one, and possibly two, ADUs. Located in the award-winning Arcadia Unified School District and supported by world-class city services. Excellent, current long-term tenants. Please do not walk the property or disturb occupants. Showings only with an accepted offer.

Condition Rating
Fair

The property was built in 1948. The listing mentions a remodeled bathroom in the front unit and granite countertops in the rear unit's kitchen, suggesting some updates. A new roof and windows were installed in 2023. However, the kitchens and bathrooms appear dated in the images, and the overall condition suggests it's been maintained but not fully renovated recently. It requires minor updates.
Pros & Cons

Pros

Investment Opportunity: Lowest priced investment property in Arcadia, offering a rare chance to own a multi-family property in a desirable neighborhood.
Value-Add Potential: Significant value-add potential with the possibility of adding one or two ADUs (buyer to verify).
Recent Upgrades: New roof and windows installed in 2023, along with a new mainline sewer installed within the last 3 years, reducing immediate maintenance concerns.
Desirable Location: Located in prestigious North Arcadia, within the award-winning Arcadia Unified School District, offering access to excellent schools and city services.
Income Potential: Currently has excellent, long-term tenants in place, providing immediate rental income.

Cons

Limited Showings: Showings are only allowed with an accepted offer, making it difficult for potential buyers to fully assess the property beforehand.
Older Construction: Built in 1948, the property may require updates or renovations to meet modern standards and preferences.
Tenant Occupied: Property is tenant occupied, which may limit flexibility for immediate owner occupancy or renovations.

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