NOT LISTED FOR SALE

475 Fairview Ave Arcadia, CA 91007

6 Beds
3 Baths
8,854 Sq Ft
0.45 Acres

Last Sold May 25, 2022

Last sale price $3,700,000 $418 Per Sq Ft

47 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Holly Avenue Elementary School Rated A+
  • Block Wall Fence
  • Front Yard

About This Home

As of May 2022

This property has a house on front of the lot with 4 BR/2 Bath @ 1802 square feet with a fireplace and a backyard built in 1936. The back is a two story building built in 1962, with eight 2 BR/1 bath units up and down. All units are occupied. There is a washer & dryer in the carport area for all occupants. Electricity and gas are individually metered. Water is paid by the owner. Each unit has an assigned covered parking spot in the carport. There are two guest parking spots and one handicapped spot. Arcadia schools are within walking distance. DO NOT DISTURB the long time occupants. You may park in guest parking and look around. Buyer to verify all information stated. Interior inspections with acceptable offers.

Last Agent to Sell the Property

Barbara Gaynor

THE CURTIS COMPANY License #00857543 Listed on: 02/25/2022

Last Buyer's Agent

Barbara Gaynor

THE CURTIS COMPANY License #00857543 Listed on: 02/25/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 0.45 Acre Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Front Yard

Home Design

  • 8,854 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 9 Parking Spaces
  • 9 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3430
  • Assessor Parcel Number 5778011021
  • $2,796 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Electric Expense $1,290
  • Fuel Expense $420
  • Insurance Expense $4,509
  • Professional Management Expense $2,400
  • Trash Expense $2,045
  • Water Sewer Expense $3,414
  • Operating Expense $11,728
  • Net Operating Income $137,535

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3414.00
  • Zoning: ARR3YY
  • Property Type: Residential Income
  • Parcel Number: 5778011021
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 417.89

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2045.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 19607.00
  • Lot Size Acres: 0.4501

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Electric Expense: 1290.00
  • Fuel Expense: 420.00
  • Gross Scheduled Income: 186300.00
  • Insurance Expense: 4509.00
  • Lot Size Area: 19607.0000 Square Feet
  • Net Operating Income: 137535.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 48765.00
  • Rent Control: No
  • Total Expenses: 11728.00

Tax Info

  • Tax Census Tract: 4307.21
  • Tax Lot: 10
  • Tax Tract Number: 3430
  • TaxOtherAnnualAssessmentAmount: 2796.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $3,700,000 -7.5% $418 / Sq Ft
04/04/2022 04/04/22 Price Changed $4,000,000 -4.8% $452 / Sq Ft
02/25/2022 02/25/22 For Sale $4,200,000 -- $474 / 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 $44,615 $3,926,468 $3,141,175 $785,293
2024 $44,615 $3,849,480 $3,079,584 $769,896
2023 $47,393 $3,774,000 $3,019,200 $754,800
2022 $13,477 $994,079 $571,164 $422,915
2021 $13,187 $974,588 $559,965 $414,623
2020 $13,041 $964,996 $554,224 $410,772
2019 $12,911 $946,083 $543,357 $402,726
2018 $5,782 $310,638 $108,576 $202,062
2016 $5,445 $298,193 $104,361 $193,832
2015 $5,360 $293,715 $102,794 $190,921
2014 $5,356 $287,963 $100,781 $187,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV22037837

California Regional Multiple Listing Service (CRMLS)