NOT LISTED FOR SALE

1400 S 6th Ave Arcadia, CA 91006

Estimated Value: $2,025,000 - $2,338,590

6 Beds
3 Baths
3,178 Sq Ft
$689/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $1,600,000 $503 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $13,274/month

29 Days on Market

Highlights

  • Private Pool
  • Circular Driveway
  • Central Heating and Cooling System
  • Camino Grove Elementary School Rated A
  • Laundry Room
  • Carpet

About This Home

As of October 2018

Two homes on a lot! Amazing opportunity to acquire two well maintained homes in the highly desirable city of Arcadia. Award winning Arcadia school district and situated on a large 20,000+ lot with wide frontage (93 x 221)

The front house is a spacious 2,081 sqft single level home that has a grand circular driveway. Enter the foyer and enjoy an open kitchen/dining room/living room floor plan. The front house is meticulously clean with a functional layout, which includes 3 spacious bedrooms and 2 full bathrooms. Towards the back of the house is a family room which opens up to the sparkling blue pool and spa.

The back house is a single level 1,097 sqft, 3 bed 1 bath home with spacious backyard and a detached studio. There is also a vegetable garden to grow your own food or plant fruit trees.

In the back of the property, there is a large carport which provides plenty of parking, as well as several storage units.

Endless possibilities with this property. Live in one house and rent out the other, or rent them both out for outstanding returns. Large lot also has the potential to build your 8,000+ sqft dream house in the ideal location. Property is located next to Camino Grove Park, where you can enjoy pristine tennis courts, basketball courts, and other park facilities.

Last Agent to Sell the Property

Rick Cheng

Coldwell Banker Realty License #01958923 Listed on: 08/14/2018

Coldwell Banker Realty

Last Buyer's Agent

Jean Ni

Coldwell Banker Realty License #01002467

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,077

Year Built

  • Built in 1935

Lot Details

  • 0.47 Acre Lot
  • No Common Walls

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation

Interior Spaces

  • 3,178 Sq Ft Home
  • Family Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Circular Driveway

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, water
  • Tax Lot 60
  • Tax Tract Number 808
  • Assessor Parcel Number 5780012004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,000
  • Pool Expense $1,200
  • Trash Expense $420
  • New Taxes Expense $19,975
  • Operating Expense $23,315
  • Gross Income $63,000
  • Net Operating Income $39,685

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,077

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: ARR1YY
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5780012004
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 503.46
  • Room Type: Family Room, Laundry, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Raised
  • Pool Expense: 1200.00
  • Pool Features: Private
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Circular Driveway, Asphalt
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside, Outside
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 20452.00

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Water

Multi Family

  • Gross Income: 63000.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 39685.00
  • 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: 23315.00
  • Rent Control: No
  • Total Expenses: 23315.00

Tax Info

  • New Taxes Expense: 19975.00
  • Tax Census Tract: 4308.02
  • Tax Lot: 60
  • Tax Tract Number: 808

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Sep 13, 2018
Sold by
Yen Den Y and Guh Hsiao Man
Bought by
Tao Nellie
Seller's Agent
Rick Cheng
Coldwell Banker Realty
Buyer's Agent
Jean Ni
Coldwell Banker Realty
List Price
$1,598,000
Sold Price
$1,600,000
Premium/Discount to List
$2,000
0.13%
Current Estimated Value
$2,188,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,148
Avg. Annual Appreciation
4.56%

Purchase Details

Listed on
Mar 22, 2013
Closed on
Apr 2, 2013
Sold by
Liu Esther
Bought by
Yen Den Y and Guh Hsiao Man
Seller's Agent
Grace Houng
Kingston Realty
Buyer's Agent
Carrie Huang
IRN Realty
List Price
$1,350,000
Sold Price
$1,360,000
Premium/Discount to List
$10,000
0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.02%

Purchase Details

Closed on
Oct 21, 1997
Sold by
Boubion Albert L and The Albert L Boubion Trust
Bought by
Liu Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
7.36%

Purchase Details

Closed on
Jun 26, 1997
Sold by
Boubion Albert L
Bought by
Boubion Albert L and The Albert L Boubion Trust
Source: Public Records

Range of Values:

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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
Tao Nellie $1,600,000 Old Republic Title
Yen Den Y $1,360,000 Usa National Title Co Inc
Liu Esther $408,000 Guardian Title Company
Boubion Albert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liu Esther $185,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2018 10/11/18 Sold $1,600,000 +0.1% $503 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $1,598,000 +17.5% $503 / Sq Ft
04/23/2013 04/23/13 Sold $1,360,000 +0.7% $428 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Pending -- -- --
03/22/2013 03/22/13 For Sale $1,350,000 -- $425 / 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 $20,077 $1,784,826 $1,249,379 $535,447
2024 $20,077 $1,749,831 $1,224,882 $524,949
2023 $19,661 $1,715,521 $1,200,865 $514,656
2022 $19,015 $1,681,884 $1,177,319 $504,565
2021 $18,669 $1,648,907 $1,154,235 $494,672
2020 $18,434 $1,632,000 $1,142,400 $489,600
2019 $18,220 $1,600,000 $1,120,000 $480,000
2018 $16,602 $1,471,871 $1,177,498 $294,373
2016 $16,243 $1,414,718 $1,131,775 $282,943
2015 $15,961 $1,393,468 $1,114,775 $278,693
2014 $15,743 $1,366,173 $1,092,939 $273,234
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18193766

California Regional Multiple Listing Service (CRMLS)

APN: 5780-012-004