$980,000
SOLD AUG 16, 2013

126 E Colorado Blvd Arcadia, CA 91006

3 Beds
2 Baths
3,354 Sq Ft
6,751 Sq Ft Lot

Recently Sold

$292 Per Sq Ft

23% Below List Price

58 Days on Market

About This Home

As of August 2013

Just Reduced! GREAT LOCATION5 UNIT COMPLEX LOCATED IN THE HEART OF ARCADIA, WALKING DISTANCE TO THE ARCADIA VILLAGE AND ALL THE CONVENIENCES; CURRENT RENTS ARE LOW FOR THE AREA PLEASE SEE PRO FORMA BELOW. WELL MAINTAINED 2 BUILDING COMPLEX; ONSITE COIN LAUNDRY FACILITY WITH SMALL COURTYARD. EACH UNIT HAS THERE OWN ENTRANCE AND PARKING SPACE; FEATURING 4 - ONE BEDROOM UNITS AND 1 - 2 BEDROOM UNIT. CURRENTLY ONE UNIT IS VACANT OTHER UNITS ARE RENTED WITH LONG TERM TENANTS. DON'T MISS THIS GREAT INVESTMENT OPPORTUNITY. PLEASE CLICK ON VIRTUAL TOUR BELOW FOR MORE DETAIL -

Last Agent to Sell the Property

Nicola Speranta

Compass License #01274694 Listed on: 06/11/2013

Compass

Last Buyer's Agent

Sherry Tsao

RE/MAX 2000 REALTY License #00969586

RE/MAX 2000 REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,479

Year Built

  • Built in 1949

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,354 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 30
  • Tax Tract Number 4308
  • Assessor Parcel Number 5773003022

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $406
  • Insurance Expense $1,800
  • Maintenance Expense $1,480
  • Trash Expense $1,212
  • Water Sewer Expense $682
  • New Taxes Expense $13,725
  • Gross Income $6,167
  • Net Operating Income $54,483

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,479

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Other Phone Description: 626 599 9956
  • Other Phone Number: 626 253 6746
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 682.00
  • Property Type: Residential Income
  • Parcel Number: 5773003022
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 292.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1212.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Electric Expense: 406.00
  • Gross Income: 6167.00
  • Gross Scheduled Income: 74000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6751.0000 Square Feet
  • Maintenance Expense: 1480.00
  • Net Operating Income: 54483.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 19517.00
  • Rent Control: No
  • Vacancy Allowance: 1480
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 13725.00
  • Tax Lot: 30
  • Tax Tract Number: 4308
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2013
Closed on
Aug 13, 2013
Sold by
Bruno John J and Bruno Marie C
Bought by
Rc5 Platinum Taurus Investment Group Llc
Seller's Agent
Nicola Speranta
Compass
Buyer's Agent
Sherry Tsao
RE/MAX 2000 REALTY
List Price
$1,280,000
Sold Price
$980,000
Premium/Discount to List
-$300,000
-23.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$498,000
Outstanding Balance
$375,180
Interest Rate
4.49%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,687,562
Source: Public Records

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    Section Image

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $980,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $498,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2025 05/25/25 For Sale $1,695,000 0.0% $505 / Sq Ft
10/18/2017 10/18/17 Rented $1,300 0.0% --
10/05/2017 10/05/17 For Rent $1,300 0.0% --
08/16/2013 08/16/13 Sold $980,000 -23.4% $292 / Sq Ft
08/08/2013 08/08/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $1,280,000 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,479 $1,201,336 $600,668 $600,668
2024 $14,479 $1,177,782 $588,891 $588,891
2023 $14,190 $1,154,690 $577,345 $577,345
2022 $13,737 $1,132,050 $566,025 $566,025
2021 $13,480 $1,109,854 $554,927 $554,927
2019 $13,169 $1,077,256 $538,468 $538,788
2018 $12,855 $1,056,140 $527,910 $528,230
2016 $12,499 $1,014,822 $507,411 $507,411
2015 $12,286 $999,580 $499,790 $499,790
2014 -- $980,000 $490,000 $490,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13110607

California Regional Multiple Listing Service (CRMLS)

APN: 5773-003-022