NOT LISTED FOR SALE
26 Beds
26 Baths
12,306 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: April 24, 2023

Last sale price $6,100,000 $496 Per Sq Ft

12 Days on Market

Highlights

  • Guest Parking
  • Central Heating and Cooling System
  • 2-minute walk to Bonita Park
  • Holly Avenue Elementary School Rated A+

About This Home

As of April 2023

We are pleased to present for sale this 10 unit condo style apartment building in prime Arcadia. Offered for the first time ever on the market by the original owner/developer of the property, this is an extremely rare opportunity for an investor to acquire a 1987 construction quality asset in a thriving rental market. Situated on a 15,954 square foot lot, the buildings are approximately 12,306 square feet and feature a unit mix of six 3 bedroom 2.5 bath units and four 2 bedroom 2 bath units. The property is extremely well parked with a total of 25 parking spaces: (10) 2 car garages and 5 additional open parking spaces. All units are two-story townhouse style with central a/c and heat, dishwashers, individual washer/dryer hookups and separate meters for gas and electricity. The roofs were replaced in 2022 and each unit has its own balcony. Select units have been upgraded with wood flooring and countertops. The front and back units of each building have multiple balconies and there are two spacious storage rooms located at the rear of the property.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 03/07/2023

Co-Listed By

Alexander Metaxas

Realty Investment Advisors, Inc. License #01784652

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 03/07/2023

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.37

Parking

  • 3 Open Parking Spaces
  • 20 Car Garage
  • Guest Parking

Interior Spaces

  • 12,306 Sq Ft Home
  • 3-Story Property
  • Dishwasher
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 26 Bathrooms

Additional Features

  • 15,954 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5773-014-039

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.37 Acres

Parking

20

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 12306
  • Lot Acreage: 0.3662
  • Probate: No
  • Stories: 3
  • Year Built: 1987
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 26
  • Total Bathrooms: 26.00
  • Equipment: Dishwasher, Gas Dryer Hookup
  • Price Per S Q F T: 479.44

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 20
  • Other Spaces: 3
  • Covered Parking: 22
  • Parking Garage: Garage - 2 Car, Parking for Guests - Onsite
  • Total Parking: 25

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 66.04
  • Assessed Improvement Value: 1262612
  • Assessed Land Percent: 33.96
  • Assessed Land Value: 649330
  • Total Assessed Value: 1911942
  • Assessor Parcel Number: 5773-014-039
  • Lot Size Area: 15954

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 23.90
  • Number Of Units: 10
  • Type Of Units: Apartments

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

Closed on
Sep 25, 2025
Sold by
Bought by

Purchase Details

Listed on
Mar 7, 2023
Closed on
Apr 14, 2023
Sold by
Bought by
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
List Price
$5,900,000
Sold Price
$6,100,000
Premium/Discount to List
$200,000
3.39%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,660,000
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 7, 2023
Closed on
Mar 27, 2023
Sold by
Bought by
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
List Price
$5,900,000
Sold Price
$6,100,000
Premium/Discount to List
$200,000
3.39%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,660,000
Interest Rate
6.73%
Mortgage Type
New Conventional
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
$6,680,000 Fidelity National Title
$6,100,000 Old Republic Title Company
-- --
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 $300,000
Previous Owner $1,500,000
Previous Owner $1,000,000
Closed $3,660,000
Previous Owner $900,000
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
04/24/2023 04/24/23 Sold $6,100,000 +3.4% $496 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $5,900,000 -- $479 / 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 $75,253 $6,346,440 $3,745,440 $2,601,000
2024 $70,636 $6,222,000 $3,672,000 $2,550,000
2023 $24,362 $1,950,180 $662,316 $1,287,864
2022 $23,587 $1,911,942 $649,330 $1,262,612
2021 $23,097 $1,874,454 $636,599 $1,237,855
2019 $22,219 $1,823,859 $617,718 $1,206,141
2018 $21,533 $1,788,196 $605,606 $1,182,590
2016 $20,945 $1,713,954 $582,091 $1,131,863
2015 $20,581 $1,688,210 $573,348 $1,114,862
2014 $20,343 $1,655,141 $562,117 $1,093,024
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-248245

The MLS
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