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1964 Arnold Way - Alpine Duplex 2 Unit Apartment Building Offered at $1,361,378 CAD at a 5.50% Cap Rate Alpine, CA 91901
Investment Highlights
- Strong Unit Mix
- Recent Upgrades - Remodeled Interiors, New Roof, New Windos
- 1991 Year Built
- Walking Distance to The Alpine Shopping Center
Executive Summary
1964 Arnold Way presents a rare duplex investment opportunity in the scenic community of Alpine, featuring two spacious 3-bedroom, 2-bathroom units with functional layouts and 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 6,128-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 |
$100,755
|
$47.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,023
|
$1.42
|
| Effective Gross Income |
$97,732
|
$45.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,185
|
$10.87
|
| Net Operating Income |
$74,548
|
$34.97
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $100,755 |
| Annual Per SF | $47.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,023 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $97,732 |
| Annual Per SF | $45.84 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $23,185 |
| Annual Per SF | $10.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $74,548 |
| Annual Per SF | $34.97 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Attic
- Dining Room
- Double Pane Windows
- Handrails
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,920 CAD | 1,066 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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1964 Arnold Way - Alpine Duplex
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