Seller's Agent in 2024
Tony Regazzi
Keller Williams Realty Brea/Fullerton
(714) 864-8609
1 in this area
109 Total Sales
309 S Baldwin Ave Unit A Arcadia, CA 91007
12
Beds
8
Baths
7,432
Sq Ft
0.51
Acres
Highlights
- No Units Above
- 0.51 Acre Lot
- Laundry Room
- Hugo Reid Elementary School Rated A+
- Wood Flooring
- Landscaped
About This Home
As of December 2024Prime Investment Opportunity: 8-Unit Building in Arcadia Presenting a rare investment opportunity in the heart of Arcadia, this well-maintained 8-unit building is ideally located directly across from the highly sought-after Shops at Santa Anita, offering unmatched convenience and potential for strong rental demand. With a mix of spacious units, this property provides a steady income stream in one of the most desirable areas of the San Gabriel Valley. 4 x 2-Bedroom, 1-Bath Units – Each unit offers ample living space with comfortable bedrooms and well-appointed bathrooms, perfect for families or professionals.
4 x 1-Bedroom, 1-Bath Units – These units provide a cozy living environment with excellent amenities. Prime Location – Situated just across the street from the upscale Shops at Santa Anita, tenants enjoy easy access to shopping, dining, entertainment, and public transportation, as well as proximity to major freeways and highly rated schools.
Strong Rental Potential – The desirable Arcadia location, combined with the property's well-maintained condition, ensures ongoing tenant interest and a reliable rental income.
Parking – Ample on-site parking for tenants, providing added convenience in this busy neighborhood.
Investment-Grade Property – With its strategic location and versatile unit mix, this property offers both immediate cash flow and long-term growth potential. Don’t miss out on the chance to secure this incredible investment in Arcadia.
Last Agent to Sell the Property
Keller Williams Realty Brea/Fullerton Brokerage Phone: 714-864-8609 License #01003071 Listed on: 12/05/2024
Co-Listed By
eXp Realty of Southern Calif Brokerage Phone: 714-864-8609 License #02238695
Last Buyer's Agent
Keller Williams Realty Brea/Fullerton Brokerage Phone: 714-864-8609 License #01003071 Listed on: 12/05/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956 | Remodeled
Lot Details
- 0.51 Acre Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Landscaped
- Density is 16-20 Units/Acre
Parking
- 8 Car Garage
- 12 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Property Attached
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 7,432 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 6
- Tax Tract Number 949
- Assessor Parcel Number 5777026018
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $423
- Gardener Expense $3,600
- Insurance Expense $3,529
- Maintenance Expense $5,435
- Professional Management Expense $7,529
- Trash Expense $1,143
- Water Sewer Expense $2,765
- New Taxes Expense $38,750
- Operating Expense $63,470
- Gross Income $127,141
- Net Operating Income $121,621
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $3,100,000 | 0.0% | $417 / Sq Ft |
| 12/05/2024 12/05/24 | For Sale | $3,100,000 | -- | $417 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $39,540 | $3,100,000 | $1,900,000 | $1,200,000 |
| 2024 | $39,540 | $3,346,554 | $2,007,933 | $1,338,621 |
| 2023 | $38,725 | $3,280,936 | $1,968,562 | $1,312,374 |
| 2022 | $37,469 | $3,216,605 | $1,929,963 | $1,286,642 |
| 2021 | $36,774 | $3,153,535 | $1,892,121 | $1,261,414 |
| 2019 | $35,427 | $3,060,000 | $1,836,000 | $1,224,000 |
| 2018 | $34,595 | $3,000,000 | $1,800,000 | $1,200,000 |
| 2016 | $16,598 | $1,314,168 | $533,283 | $780,885 |
| 2015 | $16,318 | $1,294,429 | $525,273 | $769,156 |
| 2014 | $16,141 | $1,269,074 | $514,984 | $754,090 |
Source: Public Records
Agents Affiliated with this Home
-
Tony Regazzi
-
Gabriela Ballesteros
G
Seller Co-Listing Agent in 2024
Gabriela Ballesteros
eXp Realty of Southern Calif
(909) 905-0990
2 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24244951
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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