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About the Listing 21890 - W76375
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 Arcadia’s most highly sought-after neighborhoods, this property is situated within a top-rated school district—close to excellent elementary, middle, and high schools—and 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.
Listing Highlights
Status
Active
Days on Site
33
Property Type
Multi-Family
MLS ®
WS26082940
Year Built
1926
Total Square Footage
2,048
Lot/Acreage
0.52
County
Los Angeles
Area
605 - Arcadia
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Electric Range, Gas Range, Refrigerator, Range Hood
- Air Cond: Central Air,Ductless
- Heating: Central,Heat Pump,Wall Furnace
- Fireplaces: Living Room
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Open Floorplan,Tile Counters,Unfurnished,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,2-5 Units/Acre,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: ARR1YY
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Detached Carport,Garage Faces Side
Financial Details
- Tax Amount: $23,420
- Taxes w/Assessments: N/A
- Tax/Property ID: 8512005025
- Tax Year: N/A
Payment Calculator
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Questions About..
1114 6th Ave Arcadia, CA 91006
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