Seller's Agent in 2024
Maggie Ly
RE/MAX
(626) 203-9344
43 in this area
85 Total Sales
624 S Santa Anita Ave Arcadia, CA 91006
Estimated Value: $2,485,496
9
Beds
7
Baths
7,198
Sq Ft
$345/Sq Ft
Est. Value
About This Home
As of April 2024Major Price reduction. This prime mixed-use corner property in the heart of Arcadia offers a unique opportunity for investors and business owners alike. The property features one ~4,500 sq. ft. retail unit on the first floor and six residential units on the second floor of ~2,800 sqft. Total Building Area is ~7,110 sqft.
Located on a major traffic artery near the 210 freeway, this property enjoys excellent visibility and foot traffic. It is also within the renowned Arcadia school district.
This property is sure to appeal to a wide range of buyers, including those seeking to generate income, grow their portfolio, or own and operate a business in a prime location.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $21,427
Year Built
- Built in 1942
Lot Details
- 9,252 Sq Ft Lot
- No Common Walls
- Density is 6-10 Units/Acre
Interior Spaces
- 7,198 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 866
- Assessor Parcel Number 5779012001
Community Details
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $17,000
- Fuel Expense $13,000
- Insurance Expense $9,700
- Maintenance Expense $10,600
- Professional Management Expense $12,800
- Trash Expense $6,000
- Water Sewer Expense $2,700
- Operating Expense $88,000
- Gross Income $213,156
- Net Operating Income $117,476
Additional Features
- 7 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2023
Closed on
Feb 27, 2024
Sold by
Xu Zihui
Bought by
Bacchus Investment Llc
Seller's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
Buyer's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
List Price
$2,800,000
Sold Price
$2,380,000
Premium/Discount to List
-$420,000
-15%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,496
Avg. Annual Appreciation
0.18%
Purchase Details
Listed on
Oct 26, 2023
Closed on
Feb 20, 2024
Sold by
Xu Yingjie
Bought by
Wu Xiaoping
Seller's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
Buyer's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
List Price
$2,800,000
Sold Price
$2,380,000
Premium/Discount to List
-$420,000
-15%
Views
82
Purchase Details
Listed on
Oct 26, 2023
Closed on
Feb 2, 2024
Sold by
Fan Yishu
Bought by
Xu Zihui
Seller's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
Buyer's Agent
Maggie Ly
Re/Max Premier Prop SanMarino
List Price
$2,800,000
Sold Price
$2,380,000
Premium/Discount to List
-$420,000
-15%
Views
82
Purchase Details
Closed on
Aug 21, 2012
Sold by
Tim Cragoe Inc
Bought by
Xu Zihui and Wu Xiaoping
Purchase Details
Closed on
Sep 22, 2004
Sold by
Gabelman William E and Gabelman Karen J
Bought by
Tim Cragoe Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 21, 2004
Sold by
Gabelman William E and Gabelman Karen Judith
Bought by
Gabelman William E and Gabelman Karen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 28, 1993
Sold by
Gabelman William E
Bought by
Gabelman William E and Gabelman Karen J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bacchus Investment Llc | $2,380,000 | Chicago Title Company | |
| Xu Zihui | -- | Chicago Title Company | |
| Wu Xiaoping | -- | Chicago Title Company | |
| Xu Zihui | -- | Chicago Title Company | |
| Xu Zihui | $1,400,000 | Usa National Title Company | |
| Tim Cragoe Inc | -- | Ticor Title Company | |
| Gabelman William E | -- | Ticor Title Company | |
| Gabelman William E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Xu Zihui | $800,000 | |
| Previous Owner | Tim Cragoe Inc | $190,000 | |
| Previous Owner | Tim Cragoe Inc | $450,000 | |
| Closed | Tim Cragoe Inc | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2024 04/02/24 | Sold | $2,380,000 | 0.0% | $331 / Sq Ft |
| 01/23/2024 01/23/24 | Pending | -- | -- | -- |
| 01/23/2024 01/23/24 | Off Market | $2,380,000 | -- | -- |
| 11/14/2023 11/14/23 | Price Changed | $2,480,000 | -11.4% | $345 / Sq Ft |
| 10/26/2023 10/26/23 | For Sale | $2,800,000 | -- | $389 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $21,427 | $2,427,600 | $1,632,000 | $795,600 |
| 2024 | $21,427 | $1,690,186 | $1,086,549 | $603,637 |
| 2023 | $20,991 | $1,657,046 | $1,065,245 | $591,801 |
| 2022 | $20,332 | $1,624,556 | $1,044,358 | $580,198 |
| 2021 | $19,936 | $1,592,703 | $1,023,881 | $568,822 |
| 2019 | $19,483 | $1,545,464 | $993,513 | $551,951 |
| 2018 | $18,924 | $1,515,162 | $974,033 | $541,129 |
| 2016 | $18,406 | $1,456,328 | $936,211 | $520,117 |
| 2015 | $18,074 | $1,434,454 | $922,149 | $512,305 |
| 2014 | $17,812 | $1,406,356 | $904,086 | $502,270 |
Source: Public Records
Agents Affiliated with this Home
-
Maggie Ly
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23198135
APN: 5779-012-001
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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