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9844 E Lemon Ave, Arcadia, CA 91007

$2,950,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 33 days

About 9844 E Lemon Ave

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
3-Unit Masterpiece! An exceptional opportunity to own a beautifully remodeled triplex situated on an expansive approximately 0.41-acre lot in one of Arcadia’s highly desirable residential neighborhoods. Comprised of three separate units—9844, 9846, and 9848 E. Lemon Avenue—the property offers a rare combination of substantial land, multiple income-producing residences, and outstanding long-term flexibility. This triplex has been thoughtfully remodeled, offering an attractive turnkey opportunity for both investors and owner-users seeking a well-maintained multifamily property. The versatile configuration provides the benefits of three independent residences while occupying a single generous parcel, creating an especially compelling opportunity in a market where properties offering this combination of scale and income are rarely available. The expansive grounds provide a sense of privacy and space that is difficult to find among multifamily properties, complemented by an existing swimming pool that adds to the property’s recreational appeal. The large lot and three-unit configuration create an abundance of possibilities for an owner looking to enjoy immediate rental income while holding a valuable Arcadia asset for the long term. Ideally located in the heart of the San Gabriel Valley, the property offers convenient access to shopping, dining, parks, transportation, and the many amenities that make Arcadia one of the area’s most sought-after communities. Have long term and very stable tenants with a lot of potential rent increase!
Listed by
Listing Agent - Johnson Liu
Listing Agent Contact: 909-680-9658
Listing Office - DMH Property Inc.
Source: CRMLS mls logo
MLS#CV26189666 • last updated 4 weeks ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style One
Type Residential Income
SubType Single Family Residence
Status Active
Lot Size (Acres) 0.4126
Lot Size (SqFt) 17972
Year Built 1957
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 3923
# Parking Spaces 6
# Garage Spaces 6
Lot Description Patio Home, Lot 10000-19999 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool Private
Location
County Los Angeles
Community Features Suburban
Directions From S. Baldwin Ave, Turn On Lemon Ave
APN 5383025008
Multifamily Details
Expense: Trash 4668
Operating Expense 41996.8
Expense: Insurance 2461.5
Total Expenses 41996.8
Gross Income 112560
Gross Scheduled Income 113760
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Family
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  • Real Estate
  • CA
  • Los Angeles County
  • Arcadia
  • 91007
  • 9844 E Lemon Ave

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