NOT LISTED FOR SALE

139 Diamond St Arcadia, CA 91006

Estimated Value: $2,185,000 - $2,650,000

10 Beds
8 Baths
5,998 Sq Ft
$414/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $2,150,000 $358 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $15,169/month

2 Days on Market

Highlights

  • Mountain View
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Holly Avenue Elementary School Rated A+
  • No HOA
  • 5-minute walk to Bonita Park

About This Home

As of December 2021

Amazing opportunity to own a 4-unit investment property in the City of Arcadia! The property is a large 5,998 square ft building situated on a large 8,045 square feet lot. This 4-unit residential apartment building has a total of 10 bedrooms, 8 bathrooms. There are 7 parking spaces which are provided by attached carport in the back and an open space in the front driveway. Two very spacious storage units under the building by the carport. Unit A is on the ground floor and was completely remodeled in 2017. It is approx. 1600 sf with 3br/2ba and has a small private patio. Three other units are on level 2. Unit B is approx. 1550 sf with 3br/2ba and a balcony. Unit C is approx. 1200 sf with 2br/2ba and a balcony. Unit D is approx. 1250 sf with 2br/2ba. Additional features include a common area laundry room operated by coins, and newer roof was installed. This fantastic investment property is in award winning Arcadia Unified School District and is conveniently located near local restaurants, parks and shops.

Last Agent to Sell the Property

Christine Lu

Berkshire Hathaway Home Services License #01952927 Listed on: 11/05/2021

Berkshire Hathaway Home Services

Last Buyer's Agent

Edward Chen

Real Brokerage Technologies License #01758593

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,045 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Lawn

Home Design

  • Quadruplex

Interior Spaces

  • 5,998 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Mountain Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 7 Attached Carport Spaces
  • Parking Available
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 10 / 64
  • Tax Tract Number 1942
  • Assessor Parcel Number 5779002010
  • $1,391 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $347
  • Fuel Expense $1,163
  • Gardener Expense $700
  • Insurance Expense $1,848
  • Maintenance Expense $1,323
  • Other Expense $60
  • Pest Control $240
  • Trash Expense $1,820
  • Water Sewer Expense $1,601
  • New Taxes Expense $10,750
  • Operating Expense $19,905
  • Gross Income $98,220
  • Net Operating Income $78,315

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1601.00
  • Zoning: ARR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 5779002010
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 358.45

Exterior Features

  • View: Mountain(s)
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 7.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Radiant
  • Laundry Features: Community, In Carport
  • Pest Control Expense: 240.00
  • Sewer: Public Sewer
  • Trash Expense: 1820.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: Front Yard, Lawn, Level with Street, Rectangular Lot, Sprinklers In Front
  • Lot Size: 0.1847
  • Lot Size Sq Ft: 8045.00
  • Lot Size Acres: 0.1847

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 347.00
  • Fuel Expense: 1163.00
  • Gross Income: 98220.00
  • Gross Scheduled Income: 98220.00
  • Insurance Expense: 1848.00
  • Laundry Income: 1020.00
  • Lot Size Area: 8045.0000 Square Feet
  • Maintenance Expense: 1323.00
  • Net Operating Income: 78315.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Range: 4
  • Operating Expense: 19905.00
  • Other Expense: 60.00
  • Other Expense Description: Hydrant
  • Rent Control: No
  • Total Actual Rent: 5750.00
  • Total Expenses: 19905.00

Tax Info

  • New Taxes Expense: 10750.00
  • Tax Area: 1942
  • Tax Block: 64
  • Tax Census Tract: 4308.01
  • Tax Lot: 10
  • Tax Tract: Arcadia Santa Anita Tract
  • Tax Tract Number: 1942
  • TaxOtherAnnualAssessmentAmount: 1391.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2022
Sold by
Kyi Loo Lotus
Bought by
Zloo Llc
Current Estimated Value
$2,481,737

Purchase Details

Closed on
Jul 29, 2015
Sold by
Chen Amy
Bought by
Chen Amy and 2007 Chen Family Trust Survivors Trust

Purchase Details

Closed on
Nov 5, 2007
Sold by
Chen Paul
Bought by
Chen Paul and Chen Amy

Purchase Details

Closed on
Jun 12, 2002
Sold by
Cotter Thomas J
Bought by
Chen Paul and Chen Amy

Purchase Details

Closed on
May 17, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Cotter Thomas J and Cotter Ellen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,200
Interest Rate
3.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 29, 1998
Sold by
Noh Charles
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Apr 3, 1998
Sold by
Noh Becky N
Bought by
Noh Charles

Purchase Details

Closed on
Jun 30, 1994
Sold by
Noh Charles
Bought by
Noh Charles and Noh Becky Nam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
8.6%
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
Zloo Llc -- None Listed On Document
Chen Amy -- None Available
Chen Paul -- None Available
Chen Paul -- None Available
Chen Paul $665,000 Lawyers Title Company
Cotter Thomas J $389,000 Fidelity National Title
Washington Mutual Bank Fa $390,100 --
Noh Charles -- --
Noh Charles -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cotter Thomas J $311,200
Previous Owner Noh Charles $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $2,150,000 -2.3% $358 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $2,200,000 -- $367 / 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 $27,372 $2,281,596 $1,368,958 $912,638
2024 $25,693 $2,236,860 $1,342,116 $894,744
2023 $25,159 $2,193,000 $1,315,800 $877,200
2022 $24,326 $2,150,000 $1,290,000 $860,000
2021 $10,881 $889,775 $434,853 $454,922
2019 $10,628 $863,386 $421,956 $441,430
2018 $10,290 $846,458 $413,683 $432,775
2016 $9,980 $813,591 $397,620 $415,971
2015 $9,809 $801,371 $391,648 $409,723
2014 $9,693 $785,675 $383,977 $401,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21239955

California Regional Multiple Listing Service (CRMLS)

APN: 5779-002-010

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