15 W Newman Avenue Arcadia, CA $ 1,950,000
15 W Newman Avenue
$ 1,950,000
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15 W Newman Avenue

Arcadia, CA, 91007
$ 1,950,000
Bedrooms8 Baths4.0 Sq 3,401

Monthly Estimate*

$ 12,960

Listed by Realty Investment Advisors, Inc.
15 W Newman Avenue, Arcadia, CA 91007 - Image 1
15 W Newman Avenue, Arcadia, CA 91007 - Image 2
15 W Newman Avenue, Arcadia, CA 91007 - Image 3
15 W Newman Avenue, Arcadia, CA 91007 - Image 4
15 W Newman Avenue, Arcadia, CA 91007 - Image 5
15 W Newman Avenue, Arcadia, CA 91007 - Image 6
15 W Newman Avenue, Arcadia, CA 91007 - Image 7
15 W Newman Avenue, Arcadia, CA 91007 - Image 8
15 W Newman Avenue, Arcadia, CA 91007 - Image 9
15 W Newman Avenue, Arcadia, CA 91007 - Image 10
15 W Newman Avenue, Arcadia, CA 91007 - Image 11
15 W Newman Avenue, Arcadia, CA 91007 - Image 12

Multi-Family Home for sale in Arcadia, CA

for $1,950,000 with 8 bedrooms and 4 full baths. This 3,401 square foot home was built in 1957 on a lot size of 0.1989.

We are pleased to present the sale of 15 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a generous 3,401 square feet of living space on an expansive 8,665 square foot corner lot (R3 Zoning), the meticulously maintained lawn and landscaping enhance the property's curb appeal. There are a total of 5 parking spaces on property, including one uncovered spot and four garage spaces. Tenants benefit from the convenience of an on-site laundry facility, and there exists potential for additional income by converting some garages into Accessory Dwelling Units (ADUs) prospective buyers are advised to verify this possibility with the City. Immerse yourself in the charm of Arcadia living with this extraordinary property, a perfect combination of luxury, convenience, and investment potential. Additionally, a sister property is available at 16 W Newman Avenue, presenting another fourplex situated directly across the street.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1989

Year Built

1957

Town/City

Arcadia

County/Region

Los Angeles

MLS | Web ID

24352885

Days on Market

127

Features
General
Heating WallFurnace
Cooling WallWindowUnits
Zoning ARR3YY
Garage Spaces 4.0
Year Built 1957
Stories 1
Levels One Two
Gross Income 87900.0
County Los Angeles
Net Operating Income 46657.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status ActiveUnderContract
Directions South on N. Santa Anita Ave West on W. Newman Ave
City Arcadia
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
NumberOfUnitsTotal 4
MLS Area 605 - Arcadia
Lot Size Units SquareFeet
Lot Size Square Feet 8665.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Newman
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 99
Standard Status ActiveUnderContract
Cap Rate 2.39
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Exterior
Parking Features DoorMulti Garage
Total Parking 5.0
Lot Size Area 8665.0
Number of Buildings 1
Spa N
Building Area Total 3401.0
Lot Size Acres 0.1989
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features CommonArea LaundryRoom
Total Bedrooms 8
Electric On Property Y/N N
Total Baths 4
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Internal Only
Street Number 1 15
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* Excluded Features
List By
Realty Investment Advisors, Inc.

Broker

(424) 377-6001

Phone

Affordability Calculator

$12,960
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/1/2024$1,950,000 Listed Price

Map


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15 W Newman Avenue, Arcadia, CA, 91007 is a Multi-Family Home for sale at $1,950,000 with 3,401 sqft and a lot size of 0.1989. 15 W Newman Avenue has 8 bedrooms, 4.0 baths, and was built in 1957. The property's zip code is 91007 which is in Arcadia, CA