Seller's Agent in 2023
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
104 Total Sales
1119 Arcadia Ave Arcadia, CA 91007
Arcadia Area
20
Beds
10
Baths
12,054
Sq Ft
0.5
Acre Lot
Highlights
- In Ground Pool
- 0.5 Acre Lot
- Lawn
- Baldwin Stocker Elementary School Rated A+
- Pool View
- Cooling System Mounted To A Wall/Window
About This Home
As of January 2023A rare opportunity to own a trophy property in Arcadia. This 12 unit property, The Arcadia Palms, is pristinely maintained and located on a quiet tree-lined street. This 12,054 square feet is situated on a large 21,907 square foot lot, consisting of a great unit mix of all 2 bedroom, 1 bathroom units. The property opens up to an immaculate courtyard, complete with a crystal clear pool and meticulous landscaping. With all new windows and sliding doors, the next owner has very little to worry about. Parking is a breeze, with 12 carport spaces providing ample parking for all tenants. 1119 Arcadia is being sold alongside 1125 Arcadia (18 units adjacent), and while the owner prefers that both are sold together, they can be purchased individually.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 11/04/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 21,907 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Lawn
- Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Turnkey
- Shingle Roof
Interior Spaces
- 12,054 Sq Ft Home
- Pool Views
- Laundry in unit
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
- Parking Available
Outdoor Features
- In Ground Pool
- Exterior Lighting
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 95
- Tax Tract Number 2731
- Assessor Parcel Number 5379028021
- $3,676 per year additional tax assessments
Community Details
Recreation
- Community Pool
Building Details
- 12 Leased Units
- Rent Control
- 13 Separate Electric Meters
- 13 Separate Gas Meters
- 13 Separate Water Meters
- Electric Expense $2,028
- Fuel Expense $313
- Gardener Expense $1,800
- Insurance Expense $3,935
- Maintenance Expense $33,554
- Pest Control $780
- Pool Expense $1,800
- Professional Management Expense $12,964
- Trash Expense $5,681
- Water Sewer Expense $2,910
- New Taxes Expense $71,785
- Operating Expense $122,096
- Gross Income $244,860
- Net Operating Income $115,419
Additional Features
- 12 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2022
Closed on
Nov 28, 2022
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
List Price
$5,750,000
Sold Price
$4,800,000
Premium/Discount to List
-$950,000
-16.52%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,860,000
Interest Rate
0.0631%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2004
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,800,000 | Old Republic Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,860,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/27/2023 01/27/23 | Sold | $4,800,000 | -16.5% | $398 / Sq Ft |
| 11/22/2022 11/22/22 | Pending | -- | -- | -- |
| 11/04/2022 11/04/22 | For Sale | $5,750,000 | -- | $477 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $60,565 | $4,993,920 | $2,913,120 | $2,080,800 |
| 2024 | $56,880 | $4,896,000 | $2,856,000 | $2,040,000 |
| 2023 | $10,477 | $609,995 | $176,763 | $433,232 |
| 2022 | $10,187 | $598,036 | $173,298 | $424,738 |
| 2021 | $9,935 | $586,310 | $169,900 | $416,410 |
| 2019 | $9,744 | $569,881 | $164,861 | $405,020 |
| 2018 | $9,272 | $558,727 | $161,629 | $397,098 |
| 2016 | $8,795 | $536,109 | $155,353 | $380,756 |
| 2015 | $8,655 | $528,057 | $153,020 | $375,037 |
| 2014 | $8,624 | $517,714 | $150,023 | $367,691 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
Caleb Baldwin
Seller Co-Listing Agent in 2023
Caleb Baldwin
MJ Financial Services Inc
(562) 572-4978
45 Total Sales
-
Benjamin Hsiang
Buyer's Agent in 2023
Benjamin Hsiang
Realty Investment Advisors, Inc.
(424) 377-6001
76 Total Sales
-
Alexander Metaxas
Buyer's Agent in 2023
Alexander Metaxas
Realty Investment Advisors, Inc.
(626) 487-4300
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22234882
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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