NOT LISTED FOR SALE

518 E Longden Ave Arcadia, CA 91006

Estimated Value: $2,686,000 - $3,318,000

10 Beds
9 Baths
4,966 Sq Ft
$582/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $2,100,000 $423 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $17,203/month

50 Days on Market

Highlights

  • 0.55 Acre Lot
  • Park
  • Central Heating
  • Camino Grove Elementary School Rated A
  • Laundry Room
  • 1-minute walk to Bicentennial Park

About This Home

As of November 2021

BACK ON MARKET, SUBJECT TO ESCROW CANCELLATION. Gated home with circular driveway in ARCADIA schools. Resting on a park-like 24,009 sf lot (70 x 342) with endless potential for builders, investors, or large family residence. Plenty of space to built ADU in the back lot. This lovely North-South facing two-story traditional home with 9 brms +6 baths approx 5000 sqft permitted and built in 1946. main house with fresh paint and flooring of this estate property includes four-bedrooms, three-baths, 1 brm/1 bath downstairs and a large den approx 3200 sqft. Amenities include a kitchen with breakfast nook, dining room easily accommodating a table for 10+, large and separate living and family room with fireplace, master brm with large balcony, separate laundry room, original hardwood floors, so much more. Its grand and private quad area is wonderful for entertaining. Adjoining breezeway to Back units built in 1993 approx 1800sf great rentals/2nd family. The property is just minutes from the Los Angeles County Arboretum and Botanic Garden, the Westfield Center, Santa Anita Park racetrack, golf course, numerous dining choices and so much more. Surrounded by multi-million dollar homes. Don't miss out on this golden gem!

Last Agent to Sell the Property

Ryan Suen

Arks Consulting Corp. License #01874011 Listed on: 08/12/2021

Last Buyer's Agent

Edward Chen

Real Brokerage Technologies License #01758593

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.55 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 4,966 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 8994
  • Assessor Parcel Number 5790022002
  • $870 per year additional tax assessments

Community Details

Overview

  • 6 Units

Recreation

  • Park

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Zoning: ARR1YY
  • Property Type: Residential Income
  • Parcel Number: 5790022002
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 422.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24009.00
  • Lot Size Acres: 0.5512

Multi Family

  • Lot Size Area: 24009.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4308.03
  • Tax Lot: 2
  • Tax Tract Number: 8994
  • TaxOtherAnnualAssessmentAmount: 870.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2024
Sold by
Li Mingjing
Bought by
Yumi 518 Investment Llc
Current Estimated Value
$2,887,871

Purchase Details

Listed on
Aug 12, 2021
Closed on
Oct 18, 2021
Sold by
Liu Ou Family Trust
Bought by
Li Mingjing
Seller's Agent
Ryan Suen
Arks Consulting Corp.
Buyer's Agent
Edward Chen
Real Brokerage Technologies
List Price
$2,388,000
Sold Price
$2,100,000
Premium/Discount to List
-$288,000
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$1,499,950
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2014
Sold by
Ou Yueh Ling Liu
Bought by
Ou Yueh Ling Liu and The Liu Ou Family Trust

Purchase Details

Closed on
May 20, 2009
Sold by
Ou Yueh Ling Liu and Ou Hong Chih
Bought by
Ou Yueh Ling Liu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2002
Sold by
Ou Yueh Ling Liu and Ou Hong Chih
Bought by
Ou Hong Chih

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Yumi 518 Investment Llc -- None Listed On Document
Li Mingjing $2,100,000 Old Republic Title
Ou Yueh Ling Liu -- Accommodation
Ou Yueh Ling Liu -- Nations Title Company Of Ca
Ou Hong Chih -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Mingjing $1,499,950
Previous Owner Ou Yueh Ling Liu $225,000
Previous Owner Ou Hong Chih $300,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2021 11/10/21 Sold $2,100,000 0.0% $423 / Sq Ft
11/10/2021 11/10/21 Sold $2,100,000 -12.1% $423 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
10/01/2021 10/01/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $2,388,000 0.0% $481 / Sq Ft
08/10/2021 08/10/21 Price Changed $2,388,000 -4.4% $481 / Sq Ft
08/10/2021 08/10/21 For Sale $2,498,000 0.0% $503 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $2,498,000 +19.0% $503 / Sq Ft
06/26/2021 06/26/21 Off Market $2,100,000 -- --
06/22/2021 06/22/21 For Sale $2,498,000 +19.0% $503 / Sq Ft
06/21/2021 06/21/21 Off Market $2,100,000 -- --
06/15/2021 06/15/21 For Sale $2,498,000 -- $503 / 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 $24,861 $2,710,000 $1,900,000 $810,000
2024 $24,861 $2,184,840 $1,747,872 $436,968
2023 $24,344 $2,142,000 $1,713,600 $428,400
2022 $23,542 $2,100,000 $1,680,000 $420,000
2021 $5,800 $468,996 $150,104 $318,892
2019 $5,665 $455,087 $145,652 $309,435
2018 $5,283 $446,165 $142,797 $303,368
2016 $5,353 $428,842 $137,253 $291,589
2015 $5,265 $422,402 $135,192 $287,210
2014 $5,209 $414,128 $132,544 $281,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21178844

California Regional Multiple Listing Service (CRMLS)

APN: 5790-022-002