$1,950,000
Active Under Contract
126 Days Online
8 Beds4 Baths3,361 SQFT
Active Under Contract

16 W Newman Avenue Arcadia, CA 91007

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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. Additionally, a sister property is available at 15 W Newman Avenue, presenting another fourplex situated directly across the street.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site125 Days
  • MLS StatusActive Under Contract
  • MLS ID Number24352897
  • Home Size Source N/A
  • Year Built1953
  • Lot Size0.1974 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Garage - Two Door
  • Parking Spaces 5
  • Number of Stories 22
  • Acreage 0.1974
  • Garage Spaces 4
  • Zoning ARR3YY
  • Listing Conditions Standard

Interior Features

  • Heating Wall Furnace
  • Laundry Features CommunityIndividual Room

Community Features

  • Senior Community No
  • MLS Area 605 - Arcadia

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Monthly Payment (Est.)

$10,410
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