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1960 Arnold Way 2 Unit Apartment Building Offered at $1,291,849 CAD at a 4.08% Cap Rate Alpine, CA 91901
Investment Highlights
- Great Unit Mix
- Recent Upgrades - Remodeled Interiors, New Roof, New Windows
- Walking Distance to the Alpine Shopping Center
- 1991 Year Built
- Strong Rental Market
Executive Summary
1960 Arnold Way presents a rare duplex investment opportunity in the scenic community of Alpine, featuring two spacious 2-bedroom, 2-bathroom units with functional layouts, private backyards, and stackable washer/dryers in both units. The property includes a newer roof and updated windows, along with dedicated off-street parking and a modern footprint on a 6,743-square-foot parcel. Constructed in 1991, this well-maintained property offers strong tenant appeal and minimal deferred maintenance—ideal for an investor or an owner-user looking to occupy one unit and rent the other.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$78,272
|
$46.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,348
|
$1.41
|
| Effective Gross Income |
$75,924
|
$45.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,344
|
$14.00
|
| Net Operating Income |
$52,580
|
$31.54
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $78,272 |
| Annual Per SF | $46.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,348 |
| Annual Per SF | $1.41 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $75,924 |
| Annual Per SF | $45.55 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,344 |
| Annual Per SF | $14.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $52,580 |
| Annual Per SF | $31.54 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
- Range
- Yard
- Attic
- Dining Room
- Double Pane Windows
- Family Room
- Handrails
- Lawn
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Gas Range
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,712 CAD | 833 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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1960 Arnold Way
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