Available Properties

15 West Newman Avenue

15 West Newman Avenue, Arcadia, CA 91007

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 15 West Newman Avenue, a 4-unit multifamily investment property located in Arcadia, CA.

Situated on a 8,664 square foot lot, the 3,401 square foot property consists exclusively of two-bedroom units and offers amenities including fireplaces (select units), garage parking, and on-site laundry.

Less than one mile from the Gold Metro Line Arcadia Station and the Santa Anita Race Track as well as less than two miles from Westfield Santa Anita, 15 West Newman Avenue provides residents with convenient access to a variety of grocers, retailers, dining, and entertainment options. The property is also one mile from Arcadia High School. As approximately 88.2 percent of Arcadia residents commute to other cities for work, the subject property’s close proximity to Interstate 210 will help to attract a wide variety of renters. Recent developments in the area, including a new-construction development of 20 townhomes located at 501 North Santa Anita Avenue, will increase surrounding values and attract future development in the neighborhood.

Property Highlights

  • 100 Percent Two-Bedroom Floor Plans
  • Fireplaces (Select Units), Garage Parking, and On-Site Laundry
  • 100 Percent Occupied with Long-Term Tenants on Month-to-Month Leases
  • Substantial 26 Percent Rental Upside
  • Less than One Mile from the Gold Metro Line Arcadia Station and the Santa Anita Race Track
  • Located in Close Proximity to Highly Ranked Educational Facilities
Status: Active
Year Built: 1957
Price: $1,615,000
No. of Units: 4
For more information on our listings, click here
Presented by
Johnny Y. Chang
Senior Associate
CA license: 01961748
Tyler C. Leeson
Senior Managing Director
CA license: 01451551