NOT LISTED FOR SALE

503 Fairview Ave Arcadia, CA 91007

16 Beds
16 Baths
10,288 Sq Ft
0.45 Acres

Last Sold August 31, 2021

Last sale price $3,855,000 $375 Per Sq Ft

102 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Laundry Facilities
  • Holly Avenue Elementary School Rated A+
  • Ceiling Fan
  • 5-minute walk to Fairview Avenue Park

About This Home

As of August 2021

LARGE CORNER LOT WITH OVERSIZED UNITS; ZERO SOFT-STORY. 503 Fairview Avenue offers an excellent unit mix of all two-bedroom/two-bathroom units, units are generously sized with an average unit size of 1,286 SF. Unit amenities include hardwood floors, wall units for cooling, radiant heat, ceiling fans, electric stoves, dishwashers, ample closet and storage space, and private patios or balconies. Four units have fireplaces on a master metered gas line that also services the dryer in the laundry room. PLEASE DO NOT WALK THE PROPERTY OR DISTURB RESIDENTS.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/22/2021

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/22/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 145x135
  • Corner Lot

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 10,288 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 13 Parking Spaces
  • Carport
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, gardener, gas
  • Assessor Parcel Number 5778-004-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10288
  • Lot Acreage: 0.4452
  • Lot Dimensions: 145x135
  • Price Per Unit: 486875.00
  • Probate: No
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Appliances: Electric
  • Bedrooms: 16
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 16.00
  • Equipment: Dishwasher, Ceiling Fan
  • Price Per S Q F T: 378.60

Exterior Features

  • Construction: Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Uncovered, Carport
  • Total Parking: 13

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 480.00
  • Heating: Radiant
  • Water Expense: 3000.00

Condo/Co-op/Association

  • Professional Management: 10226.00

Fee Information

  • Gas Expense: 120.00
  • Insurance Expense: 3601.00
  • Maintenance Expense: 5200.00
  • Other Expense: 2000.00
  • Trash Expense: 1980.00

Lot Info

  • Assessor Parcel Number: 5778-004-012
  • Lot Location: Corner Lot
  • Lot Size Area: 19391

Rental Info

  • Owner Pays: Electricity, Gardener, Gas
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 18.65
  • Number Of Units: 8
  • Type Of Units: Multifamily
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 44020.00
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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
08/31/2021 08/31/21 Sold $3,855,000 -1.0% $375 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
02/22/2021 02/22/21 For Sale $3,895,000 -- $379 / Sq Ft
Source: The MLS

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 $46,346 $4,090,954 $3,272,764 $818,190
2024 $46,346 $4,010,741 $3,208,593 $802,148
2023 $45,388 $3,932,100 $3,145,680 $786,420
2022 $43,895 $3,855,000 $3,084,000 $771,000
2021 $14,562 $1,105,039 $370,942 $734,097
2020 $14,396 $1,093,709 $367,139 $726,570
2019 $14,252 $1,072,265 $359,941 $712,324
2018 $13,675 $1,051,241 $352,884 $698,357
2016 $13,200 $1,010,422 $339,182 $671,240
2015 $12,979 $995,246 $334,088 $661,158
2014 $12,852 $2,280,000 $1,580,000 $700,000
Source: Public Records

Agents Affiliated with this Home

  • Priscilla Nee

    Seller's Agent in 2021

    Priscilla Nee

    CB Richard Ellis, Inc.

    (310) 550-2500

    4 in this area

    31 Total Sales

    Priscilla Nee
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Map

Source: The MLS

MLS Number: 21-696192

The MLS
California Los Angeles County Arcadia 91007

503 Fairview Ave, Arcadia, CA

Not Listed for Sale

MultiFamily

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