NOT LISTED FOR SALE

1137 W Duarte Rd Arcadia, CA 91007

34 Beds
18 Baths
15,049 Sq Ft
0.65 Acres

Last Sold July 17, 2019

Last sale price $5,600,000 $372 Per Sq Ft

64 Days on Market

Highlights

  • 28,217 Sq Ft lot
  • Air Conditioning
  • 24 Car Garage
  • Baldwin Stocker Elementary School Rated A
  • Ceiling Fan

About This Home

As of July 2019

Located in a highly desirable area of Arcadia, a prime 18 unit investment opportunity! This well-maintained property has a great unit mix of 16 (sixteen) spacious 2 bedroom, 1 bathroom units and 2 (two) 1 bedroom, 1 bathroom units. With no rent control and current rents well below market, this offers an investor the opportunity to add value and increase the rental income. Other features include 20 covered on-site parking spaces & 4 uncovered spaces, a lot size over 28,000 square feet, a swimming pool, pitched roofs and neither structure requires soft-story retrofit! The excellent location is just a 5-minute walk to Ranch 99 Market, VONS grocery store and is a short drive to the bustling Westfield Santa Anita Mall! Arcadia is currently ranked as the second-best public school district in the County, making it a highly desirable rental city with a low vacancy rate due to stable family tenants.

Last Agent to Sell the Property

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 03/14/2019

Last Buyer's Agent

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652 Listed on: 03/14/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.65 Acre Lot

Interior Spaces

  • 15,049 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 34 Bedrooms
  • 18 Bathrooms

Parking

  • 24 Car Garage
  • Driveway
  • On-Street Parking
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5379-022-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 15049
  • Price Per Unit: 349889.00
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 34
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 18.00
  • Den: 0
  • Price Per S Q F T: 418.50

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Above Street Level, Assigned, Driveway - Combination, Garage, On street, Uncovered
  • Total Parking: 24

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 1561469
  • Assessed Land Value: 824327
  • Assessor Parcel Number: 5379-022-019
  • Geocode Override: No
  • Lot Size Area: 28217

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.48
  • Number Of Units: 18
  • Rent Control: 0%
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $5,600,000 0.0% $372 / Sq Ft
05/13/2019 05/13/19 Off Market $5,600,000 -- --
03/14/2019 03/14/19 For Sale $6,298,000 -- $418 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alexander Metaxas

    Seller's Agent in 2019

    Alexander Metaxas

    Realty Investment Advisors, Inc.

    (626) 487-4300

    6 in this area

    35 Total Sales

    Alexander Metaxas
    Section Image
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Map

Source: The MLS

MLS Number: 19-444298

The MLS
California Los Angeles County Arcadia 91007

1137 W Duarte Rd, Arcadia, CA

This home is located at 1137 W Duarte Rd, Arcadia, CA 91007 since 14 March 2019. This property was built in 1958. 1137 W Duarte Rd is a home located in Los Angeles County with nearby schools including Baldwin Stocker Elementary School, First Avenue Middle School, and Arcadia High School.

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