Seller's Agent in 2019
Ash Rizk
Coldwell Banker Realty
(626) 393-5695
100 in this area
227 Total Sales
628 Fairview Ave Arcadia, CA 91007
20
Beds
18
Baths
19,102
Sq Ft
0.66
Acres
Highlights
- In Ground Pool
- 0.66 Acre Lot
- Laundry Room
- Holly Avenue Elementary School Rated A+
- Property is near public transit
- 3-minute walk to Fairview Avenue Park
About This Home
As of May 2019We are excited and proud to present an excellent opportunity to acquire a 15 unit income property in a Prime location in the city of Arcadia. The property consists of (13) two bedroom two bath units, (2) three bedrooms two bath units. Rents are great with long term tenants. This gorgeous two-story building sits on a spacious lot of 28,906 square feet and extends from Fairview to Arcadia Ave, it takes up the entire block with separate meters for Gas and Electricity. This property is a very desirable rental area, always occupied! Arcadia School District, Great prime location with easy access to all restaurants, walking on Baldwin Ave and close to the Westfield Shopping Center.
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Lot Details
- 0.66 Acre Lot
- Road Access Is Seasonal
- No Common Walls
Home Design
- 19,102 Sq Ft Home
Bedrooms and Bathrooms
- 20 Bedrooms
- 18 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- Parking Available
- Assigned Parking
Outdoor Features
- In Ground Pool
- Exterior Lighting
Location
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 33
- Tax Tract Number 3430
- Assessor Parcel Number 5778006002
Community Details
Overview
- 15 Units
Recreation
- Community Pool
Building Details
- 15 Leased Units
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $7,500
- Professional Management Expense $17,555
- Trash Expense $3,600
- Water Sewer Expense $7,200
- New Taxes Expense $75,867
- Operating Expense $148,637
- Gross Income $371,400
- Net Operating Income $202,453
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2019 05/24/19 | Sold | $6,000,000 | 0.0% | $314 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 04/19/2019 04/19/19 | Off Market | $6,000,000 | -- | -- |
| 01/08/2019 01/08/19 | For Sale | $6,898,000 | -- | $361 / 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 | $101,374 | $9,083,938 | $6,358,757 | $2,725,181 |
| 2024 | $101,374 | $8,905,823 | $6,234,076 | $2,671,747 |
| 2023 | $99,257 | $8,731,200 | $6,111,840 | $2,619,360 |
| 2022 | $72,001 | $6,307,069 | $4,414,949 | $1,892,120 |
| 2021 | $70,623 | $6,183,402 | $4,328,382 | $1,855,020 |
| 2019 | $82,194 | $7,241,500 | $5,068,000 | $2,173,500 |
| 2018 | $10,360 | $583,895 | $168,692 | $415,203 |
| 2016 | $9,761 | $559,783 | $162,143 | $397,640 |
| 2015 | $9,607 | $551,376 | $159,708 | $391,668 |
| 2014 | $9,589 | $540,576 | $156,580 | $383,996 |
Source: Public Records
Agents Affiliated with this Home
-
Ash Rizk
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR19000837
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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