NOT LISTED FOR SALE

1137 W Duarte Rd Arcadia, CA 91007

Arcadia Area
34 Beds
18 Baths
15,049 Sq Ft
0.65 Acre Lot

Sale Details

Date 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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 28,217 Sq Ft 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

0.65 Acres

Listing Details

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

Interior Features

  • Bedrooms: 34
  • Total Bathrooms: 18.00
  • 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%
  • Type Of Units: Apartment

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
Mar 14, 2019
Closed on
Jun 17, 2019
Sold by
Bought by
Seller's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
Buyer's Agent
Alexander Metaxas
Realty Investment Advisors, Inc.
List Price
$6,298,000
Sold Price
$5,600,000
Premium/Discount to List
-$698,000
-11.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Oct 5, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$5,600,000 Fidelity National Title Co
-- None Available
-- --
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 $2,800,000
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
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

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 $74,440 $6,124,414 $4,287,091 $1,837,323
2024 $69,900 $6,004,329 $4,203,031 $1,801,298
2023 $68,453 $5,886,598 $4,120,619 $1,765,979
2022 $66,208 $5,771,175 $4,039,823 $1,731,352
2021 $64,958 $5,658,015 $3,960,611 $1,697,404
2020 $64,149 $5,600,000 $3,920,000 $1,680,000
2019 $31,184 $2,482,180 $857,629 $1,624,551
2018 $30,135 $2,433,511 $840,813 $1,592,698
2016 $29,288 $2,339,016 $808,164 $1,530,852
2015 $28,778 $2,303,883 $796,025 $1,507,858
2014 $28,475 $2,258,754 $780,432 $1,478,322
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-444298

The MLS
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