Movoto Real Estate
Sold on 10/09/2024

16 W Newman Ave, Arcadia, CA 91007

$1,749,000

Last sold 10/09/2024 for $1.8M

  • 8

    bed

  • 4

    bath

  • 3,361

    Sqft ($536/Sqft)

Multi-family not for sale

About 16 W Newman Ave

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 8,597 Sqft
Movoto estimate
Parking 4 garage spaces
Property description
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.
Listed by
Listing Agent - Benjamin J. Hsiang
Listing Office - Realty Investment Advisors, Inc.
Source: The MLS mls logo
MLS#24-424417 • last updated 1 year ago
Movoto checked The MLS for data 17 minutes ago
Overview
Levels/Style Multi/Split, One
MLS # 24-424417
Type Residential Income
Status Sold
SqFt 3361
Lot Size (SqFt) 8597
Lot Size (Acres) 0.2055
Year Built 1953
Interior
Total # of Baths 4
Total # of Bedrooms 8
Exterior
# Garage Spaces 4
# Parking Spaces 5
Parking Desc Garage - 4+ Car
Add'l Structures None
Amenities / Utilities
Equipment Range/Oven
Location
County Los Angeles
Zoning ARR3YY
APN 5775-027-020
Multifamily Details
Tenant Pays Gas, Electricity
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2300
Unit 1: Projected Rent 2300
Unit 1: # Beds 2
Unit 4: # Beds 2
Unit 1: Rent 2100
Unit 2: Rent 1800
Unit 3: Rent 2000
Unit 4: Rent 2300
Owner Pays Gardener, Water
Unit 2: Furnished No
Unit 2: Projected Rent 2300
Unit 4: Projected Rent 2300
Unit 3: # Beds 2
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 2300
Unit 2: Actual Rent 1800
Unit 3: Actual Rent 2000
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 2100
Total # Of Buildings 1
Net Operating Income 58099
Cap Rate 3.14
Gross Income 99000
Gross Operating Income 96030
Gross Rent Multiplier 18.69
Total Annual Expenses 37931
$1.74M
Range: $1.59M-$1.9M
Last 30 days 
  • Nov 2024
    Public Records
  • Nov 15, 2024 Sold
    $1,800,000
  • Nov 2024
    mls logo MLS # 24-424417
  • Nov 15, 2024 Sold
    $1,800,000 (-2.7%)
  • Oct 9, 2024 Active
    —
  • Aug 6, 2024 Listed
    $1,850,000 (-5.1%)
  • May 2024
    mls logo MLS # 24-352897
  • May 10, 2024 Active
    —
  • Feb 1, 2024 Listed
    $1,950,000
  • Year Property taxes Tax assessment
  • 2024
    $3,150 +1.7%
    $169,986 +2.0%
  • 2023
    $3,097 +2.8%
    $166,654 +2.0%
  • 2022
    $3,013 +2.5%
    $163,387 +2.0%
  • 2021
    $2,940 +0.9%
    $160,184
  • 2020
    $2,913 +7.3%
    $160,184 +3.06%
  • 2018
    $2,715 +0.3%
    $155,434 +4.04%
  • 2017
    $2,708 +5.9%
    $149,400 +2.0%
  • 2016
    $2,558 +1.6%
    $146,471
  • 2015
    $2,517
    —
  • 16 W Newman Ave
    $1.8M
  • Arcadia
    —
  • 91007
    $1.53M -28% y/y
  • Arcadia
    $1.55M -13% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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