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16 W. Newman Ave

Arcadia, CA 91007

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Overview

Investment Overview

Realty Investment Advisors is 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.

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Summary

Units

4

Built

1953

Gross SF

3,361

Lot SF

8,597

APN

5775-027-020

Zoning

ARR3YY

Location

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Contacts

Gallery

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Benjamin Hsiang

O: 424.377.6001
C: 818.517.0845
Bhsiang@RiaCre.com
Cal BRE#01438644

Realty Investment Advisors

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Alexander Metaxas

O: 626.313.4901

C: 626.487.4300

Ametaxas@RiaCre.com

Cal BRE#01784652

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