About 16 Newman Avenue
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.
Features of 16 Newman Avenue
| MLS® # | 24424417 |
|---|---|
| Price | $1,850,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,361 |
| Acres | 0.20 |
| Year Built | 1953 |
| Type | Residential Income |
| Status | Active Under Contract |
Community Information
| Address | 16 Newman Avenue |
|---|---|
| Area | 605 - Arcadia |
| City | Arcadia |
| County | Los Angeles |
| Zip Code | 91007 |
Amenities
| Parking Spaces | 5 |
|---|---|
| # of Garages | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | One, Multi/Split |
Additional Information
| Date Listed | August 6th, 2024 |
|---|---|
| Days on Market | 69 |
| Zoning | ARR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Benjamin J. Hsiang |
|---|---|
| Office | Realty Investment Advisors, Inc. |