865 W Huntington Drive

    Arcadia, CA 91007
    • $15,500,000
    • STATUS: Active
    • ON SITE: 44 days
    • ID#: 18391746
    UPDATED: 47 min ago
    $15,500,000
    • 0
      BEDS
    • 1.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 34,972
      SQFT
    • $443
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Huntington Place is a 42-unit apartment community comprised of three two-story buildings located at 855-875 W Huntington Drive and built between 1953 and 1954 on a unique ~55,506 SF R3 triple lot. The attractive property is separately metered for gas and electric, and offers desirable resident amenities that include a gated swimming pool with barbeque area and outdoor seating, three separate on-site laundry facilities, and expansive open space that affords a new owner the opportunity to add additional common area features. The property is well-parked with 66 covered and open parking spaces, and the city does not require soft story retrofit. Recent capital improvements include newer roofs for all three buildings, new asphalt driveways, dual-pane vinyl windows, fresh exterior paint, and copper plumbing in select units.Property consists of three parcels: 5777-029-030, 5777-029-031, and 5777-029-032.

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    Based on information from CARETS as of 2018-11-15T08:44:29.52. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.goldenpalmproperties.com/homes/88107067

    865 W Huntington Drive Arcadia, CA 91007

    • Price: $15,500,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 18391746
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.27
    Acres
    34,972
    SQFT
    $443
    $/SQFT
    1954
    Built
    Neighborhood:
    Arcadia (605)
    County:
    Los Angeles
    Area:
    Arcadia (605)
    Property Description
    Huntington Place is a 42-unit apartment community comprised of three two-story buildings located at 855-875 W Huntington Drive and built between 1953 and 1954 on a unique ~55,506 SF R3 triple lot. The attractive property is separately metered for gas and electric, and offers desirable resident amenities that include a gated swimming pool with barbeque area and outdoor seating, three separate on-site laundry facilities, and expansive open space that affords a new owner the opportunity to add additional common area features. The property is well-parked with 66 covered and open parking spaces, and the city does not require soft story retrofit. Recent capital improvements include newer roofs for all three buildings, new asphalt driveways, dual-pane vinyl windows, fresh exterior paint, and copper plumbing in select units.Property consists of three parcels: 5777-029-030, 5777-029-031, and 5777-029-032.
    Exterior Features

    Parking Features Uncovered Parking Spaces Total 66 Parking Type CarportCarport Attached

    Interior Features

    Appliances Refrigerator Cooking Appliances Range Cooling Type Wall Unit(S)Ceiling Fan(S) Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 3

    Property Features

    Adjusted Gross Income 825733.00 Cap Rate 3.27 Country United States Of America Expense Electric 5656.00 Expense Gardener 5050.00 Expense Gas 930.00 Expense Insurance 10747.00 Expense Licenses 2162.00 Expense Maintenance 25200.00 Expense Management 24772.00 Expense Manager 26400.00 Expense Other 8400.00 Expense Pest 1036.00 Expense Pool 3570.00 Expense Tax 178262.00 Expense Total Annual 319620.00 Expense Trash 15751.00 Expense Water 11684.00 Gross Operating Income 869193.00 Gross Rent Multiplier 17.92 Hoa YN N Laundry Income 4293.0 Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 506114.00 Number Of Buildings 3 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1556.00 Unit Monthly Rent02 1840.00 Unit Monthly Rent03 2038.00 Unit Monthly Rent04 2100.00 Unit Projected Total Monthly Rent01 37950.00 Unit Projected Total Monthly Rent02 31500.00 Unit Projected Total Monthly Rent03 8800.00 Unit Projected Total Monthly Rent04 2450.00 Unit Total Monthly Rent01 34225.00 Unit Total Monthly Rent02 27600.00 Unit Total Monthly Rent03 8150.00 Unit Total Monthly Rent04 2100.00 Unit Type01 22 Unit Type02 15 Unit Type03 4 Unit Type04 1 Units Total In Complex 42

    Listing provided courtesy of Priscilla Nee DRE#01435254 of Cb Richard Ellis, Inc..


    Based on information from CARETS as of 2018-11-15T08:44:29.52. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Golden Palm Properties Inc.
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    Beverly Hills CA, 90210