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    1817 2Nd St

    Duarte, CA 91010
    • $8,750,000
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: 20-613214
    UPDATED: 15 min ago
    $8,750,000
    • 0
      BEDS
    • 1.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,917
      SQFT
    • $366
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    The Duarte Apartments is an excellent opportunity to acquire a 30-unit courtyard-style multifamily property built in 1966, with 23,917 of building and an oversized lot of 52,024 square feet. 1817 2nd Street is located in a suburban neighborhood near the Historic Route 66 (Huntington Drive) in close proximity to a multitude of restaurants, bars, retail shops, hiking and biking trails that encompass the heart of Duarte, California. The Subject Property has an excellent unit mix of two three-bedroom/two-baths, nineteen two-bedroom/one-bath, and nine one-bedroom/one-bath units. The beautifully landscaped property features two main entrances, a community pool with chaise loungers, 52 on-site parking spaces (35 covered and 17 uncovered spaces), laundry room, controlled access to building and an on-site property manager. With the ability to raise rents five percent (5%) plus CPI annually, 1817 2nd Street exemplifies a value-add opportunity.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T18:42:51.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108522916
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    1817 2Nd St Duarte, CA 91010

    • Price: $8,750,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: 20-613214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.19
    Acres
    23,917
    SQFT
    $366
    $/SQFT
    1966
    Built
    Neighborhood:
    Duarte
    County:
    Los Angeles
    Area:
    Duarte
    Property Description
    The Duarte Apartments is an excellent opportunity to acquire a 30-unit courtyard-style multifamily property built in 1966, with 23,917 of building and an oversized lot of 52,024 square feet. 1817 2nd Street is located in a suburban neighborhood near the Historic Route 66 (Huntington Drive) in close proximity to a multitude of restaurants, bars, retail shops, hiking and biking trails that encompass the heart of Duarte, California. The Subject Property has an excellent unit mix of two three-bedroom/two-baths, nineteen two-bedroom/one-bath, and nine one-bedroom/one-bath units. The beautifully landscaped property features two main entrances, a community pool with chaise loungers, 52 on-site parking spaces (35 covered and 17 uncovered spaces), laundry room, controlled access to building and an on-site property manager. With the ability to raise rents five percent (5%) plus CPI annually, 1817 2nd Street exemplifies a value-add opportunity.
    Exterior Features

    Covered Parking 35 Entry Location Ground Level W/Steps Levels Two Lot Description SidewalksLawn Lot Location Corner Lot Lot Size Area 52024 Other Structures None Parking Garage Covered ParkingControlled EntranceUncovered Pool Description In GroundFencedCommunity Pool YN Yes Style Unknown Total Parking 52 View Description Courtyard View YN Yes Water Frontage None

    Interior Features

    Baths Total 34.00 Cooling Other Equipment Other Heating None Laundry Laundry Area

    Property Features

    Assessed Total Value 3185168 Gross Income 0 Gross Operating Income 0 Like Units1 2 Like Units2 19 Like Units3 9 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 30 Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Other Total Annual Expense 245480 Type Of Units 1/1;2/1;3/2 Year Built Source Vendor Enhanced Zoning Dur4*

    Listing provided courtesy of Daniel Hirth DRE#01515796 of Keller Williams-Santa Monica.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T18:42:51.573. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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