25 Fano Street, Arcadia, California 91006, Arcadia, 91006 - bed, bath

25 Fano Street, Arcadia, California 91006 home-pic-0
ACTIVE$1,968,000
25 Fano Street, Arcadia, California 91006
0Bed
0Bath
4,100Sqft
8,365Lot
Year Built
1963
Close
-
List price
$1.97M
Original List price
$2.29M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
AR24212672
Home ConditionFair
Features
Good View: Mountain(s), Trees/Woods
ViewMountain(s), Trees/Woods

About this home

We found 3 Cons,5 Pros.

3-unit Triplex in the heart of Arcadia within a peaceful neighborhood and highly desirable location. Strong cash flow investment and great potential for additional rental income. Great investment opportunity right across from the award winning Arcadia High School, First Ave Middle School, Public Library, Santa Anita Park and Golf Course, and nearby Mall, Race Track, and Arboretum. All units feature a 2-story floor plan with spacious bedrooms and recent upgrades. Unit A is approx. 1,305 rsf with 2 bed, 1.5 bath and its own 2 car garage. Laminated wood flooring throughout and new kitchen cooktop, garbage disposal, dishwasher, bathroom sink faucet, and shower head/faucet. Unit B is approx. 1,273 rsf with 2 bed, 1.5 bath and its own 2 open car spaces. Laminated wood flooring first floor and carpet upstairs. Unit C is approx. 1,522 rsf with 3 bed, 2 bath and its own 2 car garage. Laminated wood flooring first floor and carpet upstairs. New water heater, oven and range, and bathroom sink faucet/shower head. Total approx. 4,100 sq ft, Lot size approx. 8,365 sq ft. Beautiful and large front yard, middle courtyard, and backyard with vegetation/fruits that adds to the property aesthetic and charm. Each tenant has their own laundry hookups. 3 separate electricity meters. Each unit has their own water heater. 2 Car Garages with 2 spaces each and 2 Open Parking spaces. 6 total parking spaces.

Condition Rating
Fair

The property was built in 1963. While some upgrades are mentioned in the listing description (new kitchen cooktop, garbage disposal, dishwasher, bathroom sink faucet, and shower head/faucet in Unit A; new water heater, oven and range, and bathroom sink faucet/shower head in Unit C), the images show that the kitchen and bathrooms are dated. The laminated wood flooring and carpet are functional but not high-end. Overall, the property appears to be maintained but requires some updates to bring it to modern standards.
Pros & Cons

Pros

Prime Location: Located in the heart of Arcadia, across from award-winning schools, a public library, Santa Anita Park, and a golf course, offering exceptional convenience and desirability.
Strong Cash Flow Potential: The 3-unit triplex presents a strong cash flow investment opportunity with potential for additional rental income.
Spacious Units with Upgrades: All units feature a 2-story floor plan with spacious bedrooms and recent upgrades, enhancing tenant appeal.
Individual Amenities: Each unit has its own laundry hookups and water heater, providing convenience and reducing shared utility costs.
Ample Parking: The property offers a total of 6 parking spaces, including 2-car garages for two units and open parking spaces, a valuable asset in the area.

Cons

Year Built: Built in 1963, the property may require updates to meet modern standards and preferences.
Varied Unit Finishes: Units have different flooring and appliance finishes, which may require standardization for consistent appeal.
Original List Price Reduction: The property has experienced a price reduction from its original listing price, which may indicate market challenges or perceived value concerns.

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