NOT LISTED FOR SALE

168 Eldorado St Arcadia, CA 91006

Estimated Value: $1,128,000 - $1,544,000

2 Beds
1 Bath
1,832 Sq Ft
$729/Sq Ft Est. Value

Last Sold November 18, 2012

Last sale price $680,000 $371 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $7,802/month

20 Days on Market

Highlights

  • Corner Lot
  • 1 Car Direct Access Garage
  • No Heating
  • Holly Avenue Elementary School Rated A+

About This Home

As of November 2012

You will be so impressed with this wonderful investment opportunity in the heart of beautiful Arcadia! Set on a large, wonderfully positioned corner lot, this duplex is located in close proximity to upscale shopping, great schools, fine dining, wonderful entertainment and everything else Arcadia has to offer, such as the Santa Anita race track and golf course. Each unit of the duplex has two bedrooms and one bathroom of about 920 square feet each. Both units are currently occupied, but they will be delivered vacant at the close of escrow. With rents for these units at or potentially beyond $1,600/month, this home provides an excellent opportunity for either investment or owner occupancy. Live in one unit and rent out the other, or lease both units out and collect on your investment. Both units also have an attached one car garage as well as an enclosed yard, making this home even more attractive to potential renters. This duplex is an absolute must-see for the serious Arcadia investor!

Last Agent to Sell the Property

Thomas Beadel

HVN Development, Inc License #01363751 Listed on: 09/28/2012

Co-Listed By

Taylor Carlson

Taylor Carlson, Broker License #01862164

Last Buyer's Agent

Lingshien Su Chou

SLJ Real Estate & Financial License #01076217

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,244 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Direct Access Garage
  • Front Facing Garage
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Home Design

  • 1,832 Sq Ft Home
  • Ranch Style House
  • Composition Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 21 / 63
  • Tax Tract Number 866
  • Assessor Parcel Number 5779010020

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $3,200
  • Net Operating Income $38,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.49
  • View: No
  • Zoning: ARR2YY
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 5779010020
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 371.18

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Concrete, Driveway, Garage Faces Front, Direct Garage Access, Garage Door Opener, Garage - Single Door, Street
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7244.00
  • Lot Size Acres: 0.1660

Multi Family

  • Average2 Bed Area: 916
  • Gross Income: 3200.00
  • Gross Multiplier: 18.23
  • Gross Scheduled Income: 38400.00
  • Lot Size Area: 7244.0000 Square Feet
  • Net Operating Income: 38400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 2

Tax Info

  • Tax Block: 63
  • Tax Lot: 21
  • Tax Tract Number: 866

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2015
Sold by
Lai Albert and Lai Lili
Bought by
Hopscotch Oak Llc
Current Estimated Value
$1,334,736

Purchase Details

Listed on
Sep 28, 2012
Closed on
Oct 19, 2012
Sold by
Thomas James Capital Incorporated
Bought by
Lai Albert and Lai Lily
Seller's Agent
Thomas Beadel
HVN Development, Inc
Buyer's Agent
Lingshien Su Chou
SLJ Real Estate & Financial
List Price
$699,900
Sold Price
$680,000
Premium/Discount to List
-$19,900
-2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$438,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2012
Sold by
Ocnoff David
Bought by
Thomas James Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,000
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2000
Sold by
Mcfarlain Patricia Jean
Bought by
Ocnoff David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,600
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2000
Sold by
Ricci Trust Ricci John Iii Co Tr J And S
Bought by
Ocnoff David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,600
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 1994
Sold by
Ricci John and Ricci Susan Lynn
Bought by
Ricci John and Ricci Susan Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Hopscotch Oak Llc -- None Available
Lai Albert $680,000 Provident Title Company
Thomas James Capital Inc $570,000 None Available
Ocnoff David -- Commonwealth Land Title Co
Ocnoff David $299,500 Commonwealth Land Title Co
Ricci John -- --
Ricci John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai Albert $438,000
Previous Owner Ocnoff David $239,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2012 11/18/12 Sold $680,000 -2.8% $371 / Sq Ft
10/18/2012 10/18/12 Pending -- -- --
09/28/2012 09/28/12 For Sale $699,900 -- $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 $9,707 $837,361 $586,155 $251,206
2024 $9,707 $820,943 $574,662 $246,281
2023 $9,507 $804,847 $563,395 $241,452
2022 $9,199 $789,067 $552,349 $236,718
2021 $9,029 $773,596 $541,519 $232,077
2020 $8,918 $765,665 $535,967 $229,698
2019 $8,816 $750,653 $525,458 $225,195
2018 $8,583 $735,935 $515,155 $220,780
2016 $8,365 $707,358 $495,151 $212,207
2015 $8,221 $696,734 $487,714 $209,020
2014 $8,114 $683,087 $478,161 $204,926
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S713349

California Regional Multiple Listing Service (CRMLS)

APN: 5779-010-020