9844 E Lemon Ave, Arcadia, CA 91007

$2,950,000

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List Price
$2,950,000
Status
ACTIVE
MLS#
CV26189666
Year Built
1957
Lot Size
17,972
Acres
0.41
Days on Market
2
Property Type
Single Family Residential
Style
Patio Home
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

An exceptional opportunity to own a beautifully remodeled triplex situated on an expansive approximately 0.41-acre lot in one of Arcadia’s highly desirable residential neighborhoods. Comprised of three separate units—9844, 9846, and 9848 E. Lemon Avenue—the property offers a rare combination of substantial land, multiple income-producing residences, and outstanding long-term flexibility. This triplex has been thoughtfully remodeled, offering an attractive turnkey opportunity for both investors and owner-users seeking a well-maintained multifamily property. The versatile configuration provides the benefits of three independent residences while occupying a single generous parcel, creating an especially compelling opportunity in a market where properties offering this combination of scale and income are rarely available. The expansive grounds provide a sense of privacy and space that is difficult to find among multifamily properties, complemented by an existing swimming pool that adds to the property’s recreational appeal. The large lot and three-unit configuration create an abundance of possibilities for an owner looking to enjoy immediate rental income while holding a valuable Arcadia asset for the long term. Ideally located in the heart of the San Gabriel Valley, the property offers convenient access to shopping, dining, parks, transportation, and the many amenities that make Arcadia one of the area’s most sought-after communities. Have long term and very stable tenants with a lot of potential rent increase!

Additional Information

Pool
Yes
Pool Description
Private
Heat
Central
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$113,760
Operating Expense
41996

Listing courtesy of Listing Agent: Johnson Liu (johnsonliu0202@hotmail.com) from Listing Office: DMH Property Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.