NOT LISTED FOR SALE

405 S 1st Ave Arcadia, CA 91006

Estimated Value: $1,034,000 - $1,663,504

4 Beds
2 Baths
1,468 Sq Ft
$968/Sq Ft Est. Value

Last Sold October 01, 2013

Last sale price $840,000 $572 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,407/month

75 Days on Market

Highlights

  • No HOA
  • Two Homes on a Lot
  • Vinyl Flooring
  • Holly Avenue Elementary School Rated A+
  • Ramp on the main level
  • No Heating

About This Home

As of October 2013

Rare opportunity. C2 Zoning. Close to every thing. Located in Arcadia's 1st Ave Business/Retail location. Perfect for owner user Dental building/CPA or Small Business Retail building . Minute away from future Metro Gold Line Station. Lot Size: 8396 sq.ft.
Current Use:Two on a Lot. (Income property) Buyer to cooperate Sellers 1031 Exchange at no cost/subject to seller to find next replacement property.

Last Agent to Sell the Property

Young Ahn

Century 21 Ludecke Inc. License #01098098 Listed on: 06/18/2013

Century 21 Ludecke Inc.

Last Buyer's Agent

Young Ahn

Century 21 Ludecke Inc. License #01098098 Listed on: 06/18/2013

Century 21 Ludecke Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,396 Sq Ft Lot
  • Lot Dimensions are 55x151
  • No Common Walls
  • Brick Fence

Home Design

  • Entry on the 1st floor
  • Fixer Upper
  • Flat Roof Shape
  • Combination Foundation
  • Stucco

Interior Spaces

  • 1,468 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Ramp on the main level
  • Exterior Lighting
  • Two Homes on a Lot
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 19
  • Assessor Parcel Number 5779001019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,000
  • Net Operating Income $13,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5779001019
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: Ramp - Main Level
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 572.21
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Combination
  • Other Structures: Two On A Lot
  • Fencing: Brick
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: No
  • Laundry: No
  • Appliances: Gas Oven
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Size: 55x151
  • Lot Size Sq Ft: 8396.00
  • Lot Size Acres: 0.1930

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 2430.00
  • Lot Size Area: 8396.0000 Square Feet
  • Net Operating Income: 13600.00
  • 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: 2000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 19
  • Tax Tract Number: 19
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2019
Sold by
Qian Davy and Lu Nicole
Bought by
First Arch Llc
Current Estimated Value
$1,420,626

Purchase Details

Listed on
Jun 18, 2013
Closed on
Sep 27, 2013
Sold by
Chang H Jun and Chang Chung W
Bought by
Qian Davy and Lu Nicole
Seller's Agent
Young Ahn
Century 21 Ludecke Inc.
Buyer's Agent
Young Ahn
Century 21 Ludecke Inc.
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Dec 24, 2003
Sold by
Yeh Cindy D
Bought by
Chang Il Jun and Chang Chung W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2001
Sold by
Wang Jun and Chen Lin A
Bought by
Yeh Cindy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
7.24%

Purchase Details

Closed on
May 20, 1999
Sold by
Chan Rico and Cheng Siu Ling
Bought by
Wang Jun and Chen Lin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
First Arch Llc -- None Available
Qian Davy $840,000 Fatcola
Chang Il Jun $570,000 Stewart Title
Yeh Cindy D $300,000 Southland Title
Wang Jun $239,000 Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Il Jun $375,000
Previous Owner Yeh Cindy D $239,000
Previous Owner Wang Jun $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2013 10/01/13 Sold $840,000 +1.8% $572 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $825,000 -- $562 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,274 $1,075,050 $1,075,050 --
2024 $12,274 $1,053,971 $1,053,971 --
2023 $12,021 $1,033,306 $930,292 $103,014
2022 $11,629 $1,013,046 $912,051 $100,995
2021 $11,422 $993,183 $894,168 $99,015
2019 $10,715 $923,085 $879,131 $43,954
2018 $10,361 $904,987 $861,894 $43,093
2016 $10,121 $869,848 $828,427 $41,421
2015 $9,945 $856,783 $815,984 $40,799
2014 $10,620 $840,000 $800,000 $40,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13053943

California Regional Multiple Listing Service (CRMLS)

APN: 5779-001-019