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28 Bonita St, Arcadia, CA, 91006

$2,280,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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28 Bonita St, Arcadia$2,280,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage5 spaces
Year Built1940
MLS #WS24249825
Lot Size0.18 Acres
StatusActive

About 28 Bonita St

Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3,660 square feet of rentable space on a generous 8,008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120,000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2

Listing Office:

  • Office Name: IRN REALTY
  • Office Phone: (626) 263-0132
  • Listing Agent: Jo Lin

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 5 spaces

Lot Features

Lot Information:

  • Lot: Front Yard
  • Lot Size: 0.18 Acres

Other

Directions Information:

  • Directions: On Bonita St between Santa Anita Ave & 1st Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,280,000

Tax Information:

  • Annual Amount: $16,716
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Arcadia, CA.

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Arcadia, CA

City

Med. Sold Price

$1.4M

Med. Price/SqFt

$694

Avg. Days On Market

42

# of Sold Homes

29

28 Bonita St vs Arcadia

1 DAY ON ROCKET

-41 Days

$2,280,000

+$828K More

KEY TAKEAWAY

This property is $828K more than the Median Sold Price in Arcadia, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #WS24249825

Listing Office:

  • Office Name: IRN REALTY
  • Office Phone: (626) 263-0132
  • Listing Agent: Jo Lin

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 29, 2009Home Sold
$855,000

Tax History

YEARPROP. TAXASSESSMENT
2021$16,716$1,399,302
2020$16,325$1,384,955
2019$15,947$1,357,800
2018$15,903$1,331,177
2017$15,903$1,305,076

History based on county public records data.

Payment Calculator

$11.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,902

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-183161
8
/10

  • Holly Avenue Elementary School

  • 360 W Duarte Rd

  • 1.13 miles

  • Public District Grades KG-5

school-card-donut-183162
8
/10

  • Camino Grove Elementary School

  • 700 Camino Grove Ave

  • 1.15 miles

  • Public District Grades KG-5

school-card-donut-183163
4
/10

  • Monroe Elementary School

  • 402 W Colorado Blvd

  • 1.37 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,071. Typical income of Arcadia, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 28 Bonita St

What is the listing price of this property?

The listing price of 28 Bonita St property is $2,280,000.

What type of property is this?

The property 28 Bonita St is a condo located in Arcadia, California, 91006.

Is this property for sale now?

Active Listing: 28 Bonita St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $16,716 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 29, 2009 for $855,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 28 Bonita St is 1940.

Rocket Homes›California›Los Angeles County›Arcadia›91006›28 Bonita St

This home is located at 28 Bonita St in Arcadia, CA and zip code 91006 in the The San Gabriel Valley neighborhood. This home, which was built in 1940, sits on a 0.18 acre lot. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $2,280,000.

Arcadia, CA housing market in November 2024 saw over 12 listings sold above listed price, more than 3 sold at listed price and over 14 sold below. The inventory of homes for sale in Arcadia, CA between October 2024 and November 2024 decreased by 2.9%. In November 2024, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $1,452,000.

From Rocket Homes Real Estate and based on county public records data.

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