NOT LISTED FOR SALE

630 Sunset Blvd Arcadia, CA 91007

20 Beds
10 Baths
10,312 Sq Ft
0.35 Acres

Last Sold September 22, 2015

Last sale price $3,640,000 $353 Per Sq Ft

77 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Hugo Reid Elementary School Rated A+

About This Home

As of September 2015

630 and 700 Sunset Bl in Arcadia are beautifully maintained apartment buildings located in highly desirable Arcadia, CA. The two apartment buildings sit on adjacent parcels and offer a favorable unit mix with 4 – 3 bedroom, 1.5 bathroom units, 4 – 2 bedroom, 2 bathroom units, and 4 – 1 bedroom, one bathroom units totaling 12 units.

The property is centrally located within walking distance of two grocery stores as well as the Westfield Santa Anita Mall, and a short drive to Old Town Pasadena, making this a highly desirable and easily rentable location. Each unit has a covered parking spot in the rear of the complex and is separately metered for electricity. The property presents a great opportunity for an investor who is looking to add a property with strong upside rental potential in a highly desirable location.

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 04/27/2015

Keller Williams - Eagle Rock

Last Buyer's Agent

Kevork Garibian

Berkshire Hathaway Home Serv. License #01920206

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 10,312 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Parking

  • 12 Parking Spaces
  • 12 Carport Spaces

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 5777037020

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $907
  • Insurance Expense $2,495
  • Maintenance Expense $2,784
  • Pest Control $780
  • Professional Management Expense $600
  • Trash Expense $1,572
  • Water Sewer Expense $1,822
  • New Taxes Expense $39,967
  • Gross Income $15,600
  • Net Operating Income $128,205

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1822.00
  • Property Type: Residential Income
  • Parcel Number: 5777037020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 352.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Pest Control Expense: 780.00
  • Trash Expense: 1572.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 15427.00
  • Price Per Lot Square Foot: 235.95
  • Lot Size Acres: 0.3540

Multi Family

  • Electric Expense: 907.00
  • Gross Income: 15600.00
  • Gross Scheduled Income: 187200.00
  • Insurance Expense: 2495.00
  • Lot Size Area: 15427.0000 Square Feet
  • Maintenance Expense: 2784.00
  • Net Operating Income: 128205.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 53379.00
  • Operating Expense Percent: 29.00
  • Rent Control: No
  • Total Actual Rent: 15600.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 39967.00
  • Tax Year: 2014
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2015 09/22/15 Sold $3,640,000 +1.1% $353 / Sq Ft
07/13/2015 07/13/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $3,600,000 -- $349 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,845 $2,154,505 $1,290,336 $864,169
2024 $24,845 $2,112,261 $1,265,036 $847,225
2023 $24,335 $2,070,845 $1,240,232 $830,613
2022 $23,545 $2,030,241 $1,215,914 $814,327
2021 $23,106 $1,990,433 $1,192,073 $798,360
2019 $22,567 $1,931,397 $1,156,716 $774,681
2018 $21,988 $1,893,528 $1,134,036 $759,492
2016 $21,468 $1,820,000 $1,090,000 $730,000
2015 $15,757 $1,304,780 $927,846 $376,934
2014 $15,564 $1,279,222 $909,671 $369,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15089166

California Regional Multiple Listing Service (CRMLS)