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Key Details
Sold Price $900,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,006 sqft
Price per Sqft $894
MLS Listing ID OC21223173
Sold Date 12/22/21
Style Detached
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1959
Lot Size 9,836 Sqft
Acres 0.2258
Property Description
POTENTIAL GALORE !!! A Very Rare and Unique Opportunity to Purchase this nearly 1/4 acre Property. Located in a Prime Location this home is ready to be Updated, Upgrade and Expand OR build an ADU approved up to 1,000 square feet OR Take Advantage of SB8 and SB9 and Build either 2 Units or up to 4 Units!!! You will need to do your own due diligence for all the latest updates from the City of Arcadia. If a New Single Unit Home is constructed the Maximum Square Footage allowed is as follows: Floor Area up to 4,436 Square Feet and Lot Coverage up to 3,442 Square Feet. The Lot/Home directly in front of it at 1503 S. 4th Avenue is also for sale !!. Your Choice to either keep the Lots Separate OR combine them into One Lot (already Zoned for this by the City of Arcadia). There is an easement granting access to this home on the south side of the property at 1503 S. 4th Avenue that will remain in place if the lots are sold separately. In addition there is a long term month to month tenant in place giving the option to use as an Income Producing Property. Owner May Carry a Loan if needed. DO NOT DISTURB THE TENANTS.
POTENTIAL GALORE !!! A Very Rare and Unique Opportunity to Purchase this nearly 1/4 acre Property. Located in a Prime Location this home is ready to be Updated, Upgrade and Expand OR build an ADU approved up to 1,000 square feet OR Take Advantage of SB8 and SB9 and Build either 2 Units or up to 4 Units!!! You will need to do your own due diligence for all the latest updates from the City of Arcadia. If a New Single Unit Home is constructed the Maximum Square Footage allowed is as follows: Floor Area up to 4,436 Square Feet and Lot Coverage up to 3,442 Square Feet. The Lot/Home directly in front of it at 1503 S. 4th Avenue is also for sale !!. Your Choice to either keep the Lots Separate OR combine them into One Lot (already Zoned for this by the City of Arcadia). There is an easement granting access to this home on the south side of the property at 1503 S. 4th Avenue that will remain in place if the lots are sold separately. In addition there is a long term month to month tenant in place giving the option to use as an Income Producing Property. Owner May Carry a Loan if needed. DO NOT DISTURB THE TENANTS.
Location
State CA
County Los Angeles
Area Arcadia (91006)
Zoning ARR1YY
Interior
Interior Features Granite Counters
Cooling Other/Remarks
Flooring Carpet, Wood
Fireplaces Type FP in Living Room
Laundry Other/Remarks
Exterior
Garage Garage, Garage - Single Door
Garage Spaces 1.0
Fence Wood
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Total Parking Spaces 1
Building
Lot Description Easement Access
Story 1
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry, Cash To New Loan, Submit
Listing Terms Cash, Conventional, Exchange, Seller May Carry, Cash To New Loan, Submit
Special Listing Condition Standard
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Bought with YAOTIAN LUO • SKYWAY INVESTMENT CORP.