601 Cornell Drive

Arcadia, CA 91007

  • 0 Bed(s)
  • 0 Bath(s)
  • 6,944 Sqft
  • 21514
    Sqft(Lot)
$3,000,000

Description

Comprised of two single-story buildings built in 1953 on 21,514 square foot r3 lot, 601-605 cornell drive is a 12-unit multifamily property with a total building size of 6,944 square feet. 601-605 cornell drive boasts a unit mix of all one-bedroom/one-bathroom units. each unit is equipped with its own water heater, wall units for heating and cooling, and dual entrances. with current rents conservatively 55% below market, and further upside following complete unit renovations, a new owner will be able to immediately create value with this unique asset. an investor should also explore development opportunities as the zoning allows for up to one unit per 1,089 sf of lot size before any density bonuses (buyer must verify). the property is subject to ab 1482, but there are no other local rent control restrictions.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48703905

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0

    Bathroom Information

    • Total Baths: 0
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Windows: Double Pane Windows
    • Fireplace: None

    Heating Source

    • Wall Furnace
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1953
    • Building Area Total: 6,944
    • Construction: Frame,Stucco

    Pool Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4939
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 21514

  • Listing Price Information

    • Original List Price: 3,000,000
    • Listing Contract Date: 2025-02-25

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5775027004

  • Garage and Parking

    • Garage Description: Door-Single,Garage
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Closed
    • Source Neighborhood: 605 - Arcadia
    • Directions: Located west of Santa Anita Avenue, between Foothill Boulevard and Huntington Drive.
    • Zoning: ARR3*
    • Source Property Type: Residential Income
    • Area: 605 - Arcadia

    Building and Construction

    • Property Age: 72
    • Year Built Source: Assessor
    • Total Square Feet Living: 6944
    • Entry Location: Ground Level w/steps
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 04/02/2025 @ 01:57

  • MLS: 25503039
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 6,944 sqft, 21,514 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Arcadia , in zip code 91007, this Los Angeles County Home are nearby neighborhoods.