NOT LISTED FOR SALE

16 E Newman Ave Arcadia, CA 91006

Estimated Value: $1,300,000 - $1,500,000

5 Beds
4 Baths
2,333 Sq Ft
$606/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,225,000 $525 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,629/month

22 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Holly Avenue Elementary School Rated A+
  • Forced Air Heating and Cooling System
  • Patio Home

About This Home

As of June 2022

GREAT DUPLEX IN THE HEART OF ARCADIA WITH ARCADIA SCHOOLS. FRONT UNIT IS 2 BDR, 2BA W/1,070SF AND REAR UNIT IS 3 BDR, 3 BATHS W/1,263 SF. BOTH UNITS HAVE A FIREPLACE IN THE LIVING ROOM, HIGH CEILINGS, SEPARATE LAUNDRY, A MASTER SUITE & LARGE BEDROOMS. EACH UNIT HAS SLIDING GLASS DOORS TO A PRIVATE PATIO. OPEN FLOOR PLANS WITH ABUNDANT STORAGE. THREE CAR GARAGE. PERFECT AS INCOME PROPERTY OR FOR OWNER TO LIVE IN ONE AND RENT THE OTHER.

Last Agent to Sell the Property

DAVID CHUNG

SOPHIS REAL ESTATE, INC. License #01443158 Listed on: 05/16/2022

Last Buyer's Agent

Pearl Khoo

IRN REALTY License #00908574

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,747 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System

Parking

  • 3 Car Garage
  • Parking Available
  • Garage Door Opener
  • Driveway

Home Design

  • Duplex
  • Patio Home
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,333 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 5773001018

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $240
  • Insurance Expense $900
  • Trash Expense $500
  • Water Sewer Expense $850
  • Operating Expense $2,490
  • Gross Income $61,500
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 850.00
  • Zoning: ARR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 240.00
  • Parcel Number: 5773001018
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 525.08
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Forced Air
  • Sewer: Sewer Paid
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home, Sprinkler System
  • Lot Size Sq Ft: 6747.00
  • Lot Size Acres: 0.1549

Multi Family

  • Gross Income: 61500.00
  • Gross Scheduled Income: 61500.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6747.0000 Square Feet
  • Net Operating Income: 49500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 2490.00

Tax Info

  • Tax Census Tract: 4304.00
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 20, 2022
Sold by
Cheng And Bautista Family Trust and David Hong Chung Living Trust
Bought by
Khoo Emerald
Seller's Agent
DAVID CHUNG
SOPHIS REAL ESTATE, INC.
Buyer's Agent
Pearl Khoo
IRN REALTY
List Price
$1,200,000
Sold Price
$1,225,000
Premium/Discount to List
$25,000
2.08%
Current Estimated Value
$1,412,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,982
Avg. Annual Appreciation
4.15%

Purchase Details

Closed on
Nov 21, 2020
Sold by
Cheng Jose Sebastian Yeung and Bautista Mariela Pineda
Bought by
Cheng Jose Sebastian Yeung and Bautista Mariela Pineda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2017
Sold by
Cheng Jose Sebastian Yeung
Bought by
Cheng Jose Sebastian Yeung and Bautista Mariela Pineda

Purchase Details

Closed on
Aug 19, 2014
Sold by
Chung David Hong
Bought by
Chung David Hong and David Hong Chung Living Trust

Purchase Details

Closed on
Sep 25, 2012
Sold by
Cheng Jose Sebastian and Han Hester
Bought by
Cheng Jose Sebastian and Bautista Mariela Pineda

Purchase Details

Closed on
Jan 16, 2009
Sold by
Cheng Jose Sebastian Yeung and Han Hester
Bought by
Cheng Jose Sebastian Yeung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 7, 1995
Sold by
Hertzog Morris and Hertzog Barbara Ann
Bought by
Hertzog Morris
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
Khoo Emerald $1,225,000 First American Title Company O
Cheng Jose Sebastian Yeung -- First American Title Company
Chung David Hong -- First American Title Company
Cheng Jose Sebastian Yeung -- None Available
Chung David Hong -- None Available
Cheng Jose Sebastian -- First American Title Company
Cheng Jose Sebastian Yeung -- Accommodation
Cheng Jose Sebastian Yeung $650,000 North American Title
Han Hester -- North American Title
Hertzog Morris -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Jose Sebastian Yeung $425,000
Previous Owner Cheng Jose Sebastian Yeung $520,000
Closed Khoo Emerald $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $1,225,000 +2.1% $525 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $1,200,000 0.0% $514 / Sq Ft
04/20/2015 04/20/15 Rented $2,200 0.0% --
03/21/2015 03/21/15 Under Contract -- -- --
12/10/2014 12/10/14 For Rent $2,200 -- --
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 $14,705 $1,299,978 $844,986 $454,992
2024 $14,705 $1,274,489 $828,418 $446,071
2023 $14,400 $1,249,500 $812,175 $437,325
2022 $9,287 $788,756 $512,087 $276,669
2021 $9,114 $773,292 $502,047 $271,245
2020 $9,002 $765,364 $496,900 $268,464
2019 $8,899 $750,357 $487,157 $263,200
2018 $8,607 $735,645 $477,605 $258,040
2016 $8,381 $707,081 $459,060 $248,021
2015 $8,237 $696,461 $452,165 $244,296
2014 $8,130 $682,819 $443,308 $239,511
Source: Public Records

Agents Affiliated with this Home

  • DAVID CHUNG

    Seller's Agent in 2022

    DAVID CHUNG

    SOPHIS REAL ESTATE, INC.

    (626) 757-4323

    1 in this area

    18 Total Sales

    DAVID CHUNG
    Section Image

  • P

    Buyer's Agent in 2022

    Pearl Khoo

    IRN REALTY

    (626) 203-8966

    8 in this area

    44 Total Sales

    Pearl Khoo
    Section Image
  • Christian Siegel

    Buyer's Agent in 2015

    Christian Siegel

    Seven Gables Real Estate

    (626) 708-0618

    19 Total Sales

    Christian Siegel
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22103537

California Regional Multiple Listing Service (CRMLS)

APN: 5773-001-018

California Los Angeles County Arcadia 91006

16 E Newman Ave, Arcadia, CA

Not Listed for Sale

MultiFamily

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