424 W Arrow, Claremont, CA 91711

$1,250,000
2,897
SqFt
List Price
$1,250,000
Status
ACTIVE
MLS#
CV20197800
Year Built
1941
Living Sq. Ft
2,897
Days on Market
26
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Mixed use complex located on a high-traffic corner lot in a high-income community. Sited on the corner of two main roads, this property provides endless possibilities and has tons of potential for various uses. The city of Claremont is currently working on plans to expand the Village to the south, meaning that this property is likely to be adjacent to new residential units, shops and restaurants to be developed in the near future. Interested parties are encouraged to contact the city of Claremont regarding the "Village South Expansion." Zoned Commercial/Professional, the property currently has two commercial units, three residential units, and 8 total parking spaces. The two commercial units are 725 and 265 square feet, both currently occupied by month-to-month tenants. There are three residential units on the property. The first is 2 stories and approx 712 square feet with two bedrooms and two bathrooms. The second is located on the top level and is 575 square feet with two bedrooms and one bathroom. The third residential unit is an approx 200 square foot ground-floor studio. The residential units have two attached storage/utility rooms with separate entrances totaling 420 square feet of storage space, a private back courtyard and a two car carport.

Additional Information

Taxes
$15,075
Heat
Central, Wall Furnace
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Exterior Construction
Stone, Stucco
Roof
Flat
Water
Private
Number Of Units Total
7
Gross Scheduled Income
$81,570
Operating Expense
17075

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of MASON PROPHET from WHEELER STEFFEN SOTHEBY'S INT.

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.