NOT LISTED FOR SALE

1139 Okoboji Dr Arcadia, CA 91007

Estimated Value: $1,036,000 - $1,413,000

4 Beds
2 Baths
1,562 Sq Ft
$743/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $1,070,000 $685 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,062/month

140 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Mountain View
  • Wood Flooring
  • Hugo Reid Elementary School Rated A+
  • Traditional Architecture
  • Private Yard

About This Home

As of October 2020

Welcome, to this amazing opportunity to own this duplex located in the city of Arcadia, with Award-Winning Arcadia Unified School District. This property features 2-houses on a 6,274 SQFT lot, 2-separate addresses #1139 and #1141 with individual power and gas meters. Both units feature 2-bedrooms and 1-bathroom each with an attached one-car garage and its own laundry hookups. Both units were updated and remodeled in 2016-2017. The front unit features a remodeled bathroom, newer windows, paint, appliances and original hardwood floors with a large front and spacious side yards. Back unit has been fully remodeled with original hardwood floors, updated bathroom, kitchen, newer water heater, paint, garage door and a sizeable private backyard with a mature fruiting avocado tree. In addition, newer wood fence on the west and north side and newer main sewer line. This property speaks convenience, walking distance to H-Mart supermarket, public transportation, Michillinda Park and minutes away from the Westfield Santa Anita mall, Trader Joes, The Arboretum & Botanic Garden, Huntington Library and restaurants, just to name a few. Must see to appreciate the prime and tranquil location, perfect for owner use and investors alike. Please do not disturb tenants.

Last Agent to Sell the Property

Donald T

Pinnacle Real Estate Group License #01944441 Listed on: 04/17/2020

Pinnacle Real Estate Group

Last Buyer's Agent

Matthew Chen

Purpose Realty License #01892252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,274 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Sprinkler System
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,562 Sq Ft Home
  • Wood Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 15120
  • Assessor Parcel Number 5379037017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $1,007
  • Maintenance Expense $800
  • Water Sewer Expense $960
  • New Taxes Expense $14,225
  • Operating Expense $17,532
  • Gross Income $34,668
  • Net Operating Income $34,668

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

6,274 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Zoning: ARR3YY
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 5379037017
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 685.02
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Satellite Dish
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Garage, On Site, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System, Yard
  • Lot Size Sq Ft: 6274.00
  • Lot Size Acres: 0.1440

Multi Family

  • Gross Income: 34668.00
  • Gross Operating Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 1007.00
  • Lot Size Area: 6274.0000 Square Feet
  • Maintenance Expense: 800.00
  • Net Operating Income: 34668.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17532.00
  • Rent Control: No
  • Total Expenses: 17532.00

Tax Info

  • New Taxes Expense: 14225.00
  • Tax Census Tract: 4307.23
  • Tax Lot: 3
  • Tax Tract Number: 15120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Oct 20, 2020
Sold by
Young Alvin N
Bought by
Wu John C and Wu Patty P
Seller's Agent
Donald T
Pinnacle Real Estate Group
Buyer's Agent
Matthew Chen
Purpose Realty
List Price
$1,138,000
Sold Price
$1,070,000
Premium/Discount to List
-$68,000
-5.98%
Current Estimated Value
$1,161,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,177
Avg. Annual Appreciation
1.53%
Original Mortgage
$700,000
Outstanding Balance
$620,052
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
$541,125

Purchase Details

Listed on
Aug 12, 2016
Closed on
Sep 16, 2016
Sold by
Chang Nancy Kuei Lan
Bought by
Young Alvin N
Seller's Agent
Dennis Wong
Sunshine Realty
Buyer's Agent
Dennis Wong
Sunshine Realty
List Price
$799,000
Sold Price
$828,000
Premium/Discount to List
$29,000
3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$621,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2013
Sold by
Positive Investments Inc
Bought by
Chang Nancy Kuei Lan and The Nancy Kuel Lan Chang Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2012
Sold by
The Bank Of New York Mellon
Bought by
Positive Investments Inc

Purchase Details

Closed on
Mar 28, 2012
Sold by
Jimenez Byron
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Feb 23, 2007
Sold by
Ldjj Properties Llc
Bought by
Jimenez Byron and Jimenez Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 27, 2005
Sold by
Jimenz Byron R
Bought by
Ldjj Properties Llc

Purchase Details

Closed on
Oct 6, 2003
Sold by
Kallman Keith
Bought by
Jimenez Byron R and Jimenez Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,200
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1997
Sold by
Smith Kathe L Tr
Bought by
Kallman Keith and Kallman Bridget Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,900
Interest Rate
7.45%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wu John C $1,070,000 Stewart Title
Young Alvin N -- Stewart Title
Young Alvin N $828,000 Old Republic Title Company
Chang Nancy Kuei Lan $685,000 Lawyers Title Company
Positive Investments Inc $630,000 None Available
The Bank Of New York Mellon $596,250 Landsafe Title
Jimenez Byron -- Financial Title Company
Ldjj Properties Llc -- --
Jimenez Byron R $486,000 First American Title
Kallman Keith $220,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu John C $700,000
Previous Owner Young Alvin N $621,000
Previous Owner Chang Nancy Kuei Lan $285,000
Previous Owner Jimenez Byron $500,000
Previous Owner Jimenez Byron R $340,200
Previous Owner Kallman Keith $175,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2020 10/23/20 Sold $1,070,000 -2.3% $685 / Sq Ft
06/15/2020 06/15/20 Price Changed $1,095,000 -3.8% $701 / Sq Ft
04/17/2020 04/17/20 For Sale $1,138,000 0.0% $729 / Sq Ft
01/02/2018 01/02/18 Rented $1,950 0.0% --
11/29/2017 11/29/17 For Rent $1,950 0.0% --
10/03/2016 10/03/16 Sold $828,000 +3.6% $530 / Sq Ft View Prior Sale
08/12/2016 08/12/16 For Sale $799,000 -- $512 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $13,046 $1,158,198 $926,560 $231,638
2024 $13,046 $1,135,490 $908,393 $227,097
2023 $12,773 $1,113,227 $890,582 $222,645
2022 $12,354 $1,091,400 $873,120 $218,280
2021 $12,133 $1,070,000 $856,000 $214,000
2020 $10,064 $878,679 $700,397 $178,282
2019 $9,947 $861,451 $686,664 $174,787
2018 $9,685 $844,560 $673,200 $171,360
2016 $9,412 $807,715 $646,173 $161,542
2015 $9,248 $795,583 $636,467 $159,116
2014 $9,124 $780,000 $624,000 $156,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20075328

California Regional Multiple Listing Service (CRMLS)

APN: 5379-037-017

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