NOT LISTED FOR SALE

614 Walnut Ave Arcadia, CA 91007

Estimated Value: $2,497,000 - $2,889,000

8 Beds
6 Baths
4,625 Sq Ft
$594/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $2,750,000 $595 Per Sq Ft

Current estimated payment $14,624/month

43 Days on Market

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Mountain View
  • Baldwin Stocker Elementary School Rated A+
  • 0.73 Acre Lot
  • Private Yard

About This Home

As of May 2024

Welcome to your future oasis in the heart of beautiful Arcadia! This expansive property boasts 3 single-family homes strategically positioned on a sprawling lot of over 31,000 Square Feet, (138 X 230) providing ample space and privacy. The main house at 614 features a charming circular driveway and offers three bedrooms and two baths. Nestled in the rear, the 2nd house at 618 Walnut Ave boasts its own private long driveway all the way to the back, ensuring tranquility and seclusion. Meanwhile, the 3rd House at 616 enjoys the luxury of a separate lot with a privacy wall. With the potential to rehab all 3 homes for rental income or start anew with a stunning custom build, the possibilities are endless. Plus, with a six-car garage that could potentially be converted into an ADU, this property offers even more flexibility. Don't miss out on the opportunity to create your dream home or investment in this prime location within the esteemed Arcadia School district. Schedule your viewing today and unlock the potential of this remarkable property!

Last Agent to Sell the Property

Ash Rizk

Coldwell Banker Realty Brokerage Phone: 626-393-5695 License #01503342 Listed on: 03/21/2024

Coldwell Banker Realty

Last Buyer's Agent

Ash Rizk

Coldwell Banker Realty Brokerage Phone: 626-393-5695 License #01503342 Listed on: 03/21/2024

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.73 Acre Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Back Yard
  • Value in Land

Parking

  • 8 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 4,625 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room
  • Den
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom Suite
  • 6 Bathrooms

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 9282
  • Assessor Parcel Number 5787011021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Parking

8

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: ARR1*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5787011021
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 594.59
  • Room Type: All Bedrooms Down, Den, Family Room, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite

Exterior Features

  • View: Mountain(s)
  • Pool Features: Private
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level with Street, Lot 20000-39999 Sqft, Level, Value In Land, Yard
  • Lot Size Sq Ft: 31629.00
  • Lot Size Acres: 0.7261

Multi Family

  • Lot Size Area: 31629.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 4316.00
  • Tax Lot: 1
  • Tax Tract Number: 9282

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 3, 2024
Sold by
Larry D Koopmans Revocable Trust and Rosemary A Koopmans Revocable Trust
Bought by
Hung Duc Huynh And Kim A Tu Revocable Living and Huynh
Seller's Agent
Ash Rizk
Coldwell Banker Realty
Buyer's Agent
Ash Rizk
Coldwell Banker Realty
List Price
$3,500,000
Sold Price
$2,750,000
Premium/Discount to List
-$750,000
-21.43%
Views
1
Current Estimated Value
$2,747,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,313
Avg. Annual Appreciation
-0.05%

Purchase Details

Closed on
May 22, 2019
Sold by
Koopmans Larry D and Koopmans Rosemary A
Bought by
Koopmans Larry D and Koopmans Rosemary A
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
Hung Duc Huynh And Kim A Tu Revocable Living $2,750,000 Equity Title - Los Angeles
Koopmans Larry D -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2024 05/07/24 Sold $2,750,000 0.0% $595 / Sq Ft
05/07/2024 05/07/24 Sold $2,750,000 -8.3% $595 / Sq Ft View Prior Sale
05/03/2024 05/03/24 Pending -- -- --
05/03/2024 05/03/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $2,998,000 0.0% $648 / Sq Ft
04/15/2024 04/15/24 Price Changed $2,998,000 -14.3% $648 / Sq Ft
03/21/2024 03/21/24 For Sale $3,500,000 0.0% $757 / Sq Ft
03/13/2024 03/13/24 For Sale $3,500,000 -- $757 / 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 $2,736 $2,805,000 $1,530,000 $1,275,000
2024 $2,736 $129,176 $54,530 $74,646
2023 $2,696 $126,644 $53,461 $73,183
2022 $2,630 $124,162 $52,413 $71,749
2021 $2,559 $121,729 $51,386 $70,343
2020 $2,537 $120,482 $50,860 $69,622
2019 $2,515 $118,120 $49,863 $68,257
2018 $2,061 $115,805 $48,886 $66,919
2016 $2,183 $111,310 $46,989 $64,321
2015 $2,152 $109,639 $46,284 $63,355
2014 $2,160 $107,492 $45,378 $62,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24057059

California Regional Multiple Listing Service (CRMLS)

APN: 5787-011-021