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EXCLUSIVE LISTING - 16 UNIT LUXURY CONDOMINIUM COMMUNITY
838 Fairview Avenue, Arcadia, CA 91007
All images © 2015 Growth Investment Group, Inc.
EXECUTIVE SUMMARY
THE OFFERING
The Growth Investment Group is proud to offer 838 Fairview Avenue, a 16-unit
turn-key, pride of ownership, luxury condominium community located in the
highly desirable City of Arcadia, CA. Properties of this caliber rarely come on the
market in Arcadia, which has historically low inventories for income properties
and high property values. Additionally, this is the first time this property has
been on the market since it was built in 1989 by the current owner who was
also the developer, making it a rare opportunity for an investor to add a high
quality property to their portfolio.
Price: Price per Unit: Price per Lot Sq Ft: Year Built: APNs:
Building Area: Lot Size: Zoning: Number of Units: Parking: The property is situated on a quiet, tree-lined, residential street surrounded
by several other condominium and townhome communities and is within the
highly acclaimed Arcadia School District. There are several new residential
development projects nearby which show the strength of local property market.
The property has 16 individually parceled condos, and is situated on a large
37,799 SF lot with lush, well maintained landscaping; giving the property
excellent curb appeal.
The property is of a newer construction built in 1989. It has copper plumbing
throughout, copper electrical wiring throughout, in-unit central A/C and forced
air heat, in-ground spa, separately metered for electricity and gas, a total of
40-parking spaces (32 private garage spaces + 8 guest parking spaces), a video
surveillance system and is pre-wired for driveway security gate.
$ 7,288,888
$ 456,000
$ 332
1989
5783-014-070, 072, 073, 071, 074, 076, 077, 075, 067, 069, 068, 066, 063, 065, 064, 062
21,978 sqft
37,799 sqft
ARR3YY
16-units
2 Bed + 2 Bath
40-spaces
(32 garage + 8
guest spaces)
Exclusively Represented By:
Han Widjaja Chen, CCIM
President - BRE No. 01749321
Dir 626.594.4900
[email protected]
We Grow With Our Clients
A strategic alliance with KW Commercial
EXCLUSIVE LISTING - 16 UNIT LUXURY CONDOMINIUM COMMUNITY
838 Fairview Avenue, Arcadia, CA 91007
INVESTMENT HIGHLIGHTS
PROPERTY HIGHLIGHTS
• First time on the market since it was built in 1989;
seller is the developer
• Outstanding Location in the heart of the City of
Arcadia; located within the prestigious Arcadia School
District
• Long-time tenants with significant rental upside
potential; Non rent controlled investment
• Strong demographics with over $86,000 average
household income within a 1-1/2mile radius
• Units are impeccably maintained, with luxury features
that appeal to high end tenants
• Turnkey, pride of ownership property with no known
deferred maintenance
• Built in 1989 with many modern features: in-unit
central A/C and forced air heat, copper pipe plumbing,
copper wire electrical, separately metered for
electricity and gas, video surveillance system, prewired for driveway security gate
• Large lot size: ±37,799 sq.ft. with 40 parking spaces
• Superb unit mix, all units are large, single level living,
2 bedrooms and 2 bathroom flats
• Sixteen (16) individually parceled condo units
• Unit Amenities: Attached private 2 car garage, in-unit
washer and dryer, large private garden in the 1st floor
units, private patio deck; vaulted ceiling and skylight
in 2nd floor units, working fireplace with marble trim,
solid oak kitchen cabinetry, individual water heater,
ample closet and storage spaces, etc. in all units
All images © 2015 Growth Investment Group, Inc.
Exclusively Listed By:
Han Widjaja Chen, CCIM
Michael Knudsen
Rosalina Tjandra
Garen Petrossian
President
Dir 626.594.4900
[email protected]
Broker License No. 01749321
Senior Associate
Dir 626.589.8564
[email protected]
License No. 01246962
Director of Net Leased Investments
Dir 626.241.1955
[email protected]
License No. 01840490
Associate
Dir 626.461.9050
[email protected]
License No. 01930947
JagSingh
Vice President
Dir 626.331.1234
[email protected]
License No. 01886951
We Grow With Our Clients
A strategic alliance with KW Commercial