921 W Huntington Dr, Arcadia, CA 91007

Property Description

We are pleased to present 921-933 West Huntington Drive, a rare opportunity to acquire a beautifully maintained 20-unit apartment community in one of Arcadia's most sought-after residential corridors. Situated on an expansive 34,969 square-foot lot within the highly acclaimed Arcadia Unified School District, the property offers an attractive combination of stable income, quality improvements, long-term appreciation potential, and a compelling opportunity for additional development. The property is comprised of three separate residential buildings featuring twenty spacious units, including eight two-bedroom/one-bathroom units and twelve one-bedroom/one-bathroom units. Designed to appeal to both families and professionals, many units feature desirable floor plans, abundant natural light, and fireplaces, while select units offer central HVAC systems and oversized private patios. Current ownership has invested significantly in the property's upkeep and infrastructure, completing numerous capital improvements over the years including copper plumbing upgrades, newer roofing, fresh exterior paint, electrical subpanel replacements, and interior unit renovations. The property is separately metered for gas and electricity and benefits from an exceptional parking ratio with twenty-eight total parking spaces, including garages and open parking. The property's expansive lot and extensive garage parking also present a significant value-add opportunity through the potential development of up to eight ADUS. A future investor may explore a combination of garage conversions and/or new ADU construction, providing the potential to meaningfully increase the property's unit count and rental income. Buyers should independently verify ADU feasibility. Residents enjoy a variety of amenities rarely found in comparable apartment communities, including a sparkling swimming pool, beautifully landscaped grounds, abundant parking, and a well-maintained laundry facility equipped with three sets of owned washers and dryers. These amenities contribute to strong tenant retention and enhance the overall living experience. Ideally located along Huntington Drive, the property offers convenient access to many of Arcadia's most desirable destinations, including Santa Anita Park, The Shops at Santa Anita, Santa Anita Golf Course, the Los Angeles County Arboretum, and a variety of popular dining and retail amenities. Combined with Arcadia's excellent schools and strong housing demand, the property continues to attract a stable and desirable tenant base. Multifamily opportunities of this caliber rarely become available in Arcadia, particularly properties of this scale situated on nearly 35,000 square feet of land with the potential for additional residential development.