16 Newman Ave, Arcadia, CA, 91007

16 Newman Ave, Arcadia, CA, 91007 < >
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for sale
$1,950,000
Lot Size:0.20 Acres
Year Built:1953
Status:Active
MLS #:24352897
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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Go See This Property
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.
Interior Details
Levels: TwoStories Total: 2

Exterior Details
Garage Spaces: 4.00Lot Size Acres: 0.1974
Number Of Buildings: 1Number Of Units Total: 4
Parking Features: Garage - Two DoorParking Total: 5.00

Community Information
County Or Parish: Los AngelesDirections: South on N. Santa Anita Ave, West on W. Newman Ave
MLS Area Major: 605 - ArcadiaParcel Number: 5775027020
Zoning: ARR3YY

Property Information From MLS Data
Year Built: 1953

Utilities
Heating: Wall Furnace

Listing Information Courtesy of:
List Agent First Name: Benjamin J.
List Agen tLast Name: Hsiang
List Office Name: Realty Investment Advisors, Inc.

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Price:$1,950,000
Down Payment:
Loan Amount:$1,560,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Benjamin J. Hsiang, Realty Investment Advisors, Inc.

Information obtained from CACRMLS is current as of 5/2/2024 2:14 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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