16 Newman Avenue, Arcadia

$1,950,000

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2 Beds
1 Bath
3,361 Sqft
.2 Acre
4 Garages

We are pleased to present the sale of 16 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 3,361 square feet of living space on an expansive 8,597 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 15 W Newman Avenue, presenting another fourplex situated directly across the street.

Essential Information

MLS® #
24352897
Price
$1,950,000
Bedrooms
2
Bathrooms
1.00
Square Footage
3,361
Acres
0.20
Year Built
1953
Type
Residential Income
Status
Active

Community Information

Address
16 Newman Avenue
Area
605 - Arcadia
City
Arcadia
County
Los Angeles
Zip Code
91007
Senior Community
N

Amenities

Parking Spaces
5
Parking
Door-Multi, Garage
# of Garages
4
Garages
Door-Multi, Garage

Interior

Heating
Wall Furnace
# of Stories
2
Stories
Two

Additional Information

Date Listed
February 1st, 2024
Days on Market
91
Zoning
ARR3YY

Listing Details

Agent
Benjamin J. Hsiang

Office

Realty Investment Advisors, Inc.

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Properties for Sale Similar to 16 Newman Avenue, Arcadia

Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 1:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.