Giusy Mele-Brown
BHHS California Properties
(626) 313-3578
58 Total Sales
2 in Arcadia
$765K - $2.1M Price Range
601 Cornell Dr Arcadia, CA 91007
Arcadia Area
--
Bed
--
Bath
6,944
Sq Ft
0.49
Acre Lot
Highlights
- 4 Car Attached Garage
- Double Pane Windows
- 1-Story Property
About This Home
As of March 2025Comprised of two single-story buildings built in 1953 on 21,514 square foot R3 lot, 601-605 Cornell Drive is a 12-unit multifamily property with a total building size of 6,944 square feet. 601-605 Cornell Drive boasts a unit mix of all one-bedroom/one-bathroom units. Each unit is equipped with its own water heater, wall units for heating and cooling, and dual entrances. With current rents conservatively 55% below market, and further upside following complete unit renovations, a new owner will be able to immediately create value with this unique asset. An investor should also explore development opportunities as the zoning allows for up to one unit per 1,089 SF of lot size before any density bonuses (buyer must verify). The property is subject to AB 1482, but there are no other local rent control restrictions.
Last Agent to Sell the Property
CB Richard Ellis, Inc. License #01435254 Listed on: 02/25/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 21,514 Sq Ft Lot
Parking
- 4 Car Attached Garage
Home Design
- Frame Construction
- Stucco
Interior Spaces
- 6,944 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Oven or Range
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for gardener, water
- Assessor Parcel Number 5775-027-004
Community Details
Overview
- 2 Buildings
- 12 Units
Building Details
- Vacancy Allowance $5,622
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2025
Closed on
Mar 13, 2025
Sold by
Bought by
Seller's Agent
Priscilla Nee
CB Richard Ellis, Inc.
Buyer's Agent
Priscilla Nee
CB Richard Ellis, Inc.
List Price
$3,000,000
Sold Price
$3,100,000
Premium/Discount to List
$100,000
3.33%
Views
8
Purchase Details
Closed on
Oct 26, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Arcadia, CA
-
Giusy Mele-Brown
-
Tracy Macrum
Tracy Macrum
COMPASS
(213) 267-3143
26 Total Sales
1 in Arcadia
$2,130,000 Price
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
12 Total Sales
2 in Arcadia
$1,160,000 Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Arcadia
$970,000 Price
-
Alissa Anderson
Alissa Anderson
TurboHome Brokerage Inc.
(901) 402-1681
45 Total Sales
2 in Arcadia
$2,438,220 Price Range
-
Leslie Cross
Leslie Cross
Townsquare Real Estate Partners Inc.
(626) 657-2932
28 Total Sales
1 in Arcadia
$1,100,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,100,000 | Old Republic Title Company | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,275,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $3,100,000 | +3.3% | $446 / Sq Ft |
| 03/10/2025 03/10/25 | Pending | -- | -- | -- |
| 02/25/2025 02/25/25 | For Sale | $3,000,000 | -- | $432 / Sq Ft |
Source: The MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $38,552 | $3,121,200 | $2,040,000 | $1,081,200 |
| 2024 | $6,194 | $295,693 | $93,527 | $202,166 |
| 2023 | $6,093 | $289,896 | $91,694 | $198,202 |
| 2022 | $5,927 | $284,213 | $89,897 | $194,316 |
| 2021 | $5,773 | $278,641 | $88,135 | $190,506 |
| 2019 | $5,669 | $271,218 | $85,522 | $185,696 |
| 2018 | $5,571 | $265,918 | $83,846 | $182,072 |
| 2016 | $5,255 | $254,787 | $80,591 | $174,196 |
| 2015 | $5,169 | $250,961 | $79,381 | $171,580 |
| 2014 | $5,185 | $246,046 | $77,827 | $168,219 |
Source: Public Records
Agents Affiliated with this Home
-
Priscilla Nee
Seller's Agent in 2025
Priscilla Nee
CB Richard Ellis, Inc.
(310) 550-2500
30 Total Sales
Map
Source: The MLS
MLS Number: 25503039
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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