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1114 6th Ave

Arcadia CA 91006

5
3
22479 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

A Rare Investment Gem! An Expansive 22,479 sq. ft. Lot Offering Both SB 9 Subdivision Potential and Stable Cash Flow: Discover an unparalleled investment opportunity in the heart of Arcadia! This massive R1-zoned lot (approx. 0.52 acres) is a rare find, combining immediate rental income with immense future development potential. Situated on an exceptionally large parcel of land, the property features two separate structures: Front House (3 Bed / 2 Bath, approx. 1,480 sq. ft.): Equipped with central heating and air conditioning, a washer, a dryer, and a refrigerator; fully renovated in 2024. It is currently occupied by a reliable tenant paying $3,800 per month (based on rental rates from two years ago). Rear House (2 Bed / 1 Bath, approx. 500 sq. ft.): Recently updated in 2024 with modern-style finishes. It is ready to be rented immediately (projected monthly rent: approx. $2,800) or can be kept vacant for future development purposes. Development Potential: Under California's SB 9 legislation, this exceptionally deep lot presents an ideal candidate for an "Urban Lot Split." You can explore the possibility of subdividing the parcel into two separate lots, potentially allowing for the construction of luxury primary residences and Accessory Dwelling Units (ADUs). (Buyers are advised to verify specific feasibility directly with the City.) Located in one of Arcadias most highly sought-after neighborhoods, this property is situated within a top-rated school districtclose to excellent elementary, middle, and high schoolsand is conveniently located near shopping centers and Asian supermarkets. The property is being sold "AS-IS." Buyers are strongly advised to independently verify all potential development possibilities, permitting requirements, and land-use regulations with the City of Arcadia.

Features

5 bedrooms
3 bathrooms
22479 sq. ft. lot size
Multi-Family

Happy sellers in Arcadia

<50%
Less than 50% of sellers in Arcadia reported that their sale price either exceeded or met their price expectations.

Arcadia stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Arcadia over the last 12 months.

Local market activity for 5 bedroom multi families in Arcadia

In the last 12 months, 1 five-bedroom multi family similar to 1114 6th Ave, have been sold.

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