Seller's Agent in 2018
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
63 Total Sales
640 Arroyo Dr South Pasadena, CA 91030
Estimated Value: $2,071,000 - $2,518,111
8
Beds
5
Baths
3,622
Sq Ft
$634/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Arroyo Vista Elementary Rated A+
- Laundry Room
About This Home
As of October 2018The Arroyo Dr Apartments is a unique 5-unit multifamily property constructed in 1954 on a approximate 8,273 square foot lot, with a total building
size of approximately 3,622 square feet. The well-maintained, neatly landscaped,2-building property is separately metered for gas and electric, and offers a single car garage for each unit, a community backyard patio, and an on-site laundry room. The building features new exterior paint and the termite work has already been completed. The property features a diverse unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/one-bathroom+den units. Each of the spacious units offer an individual water heater, wall air conditioning and heating units, a screen door, a stove, a refrigerator and significant privacy with one shared wall. Select units have laminate flooring and granite countertops.
This property may be purchased alone or with a 13-unit multifamily property located at 1004 Arroyo Dr, South Pasadena.
Last Buyer's Agent
George Tavitian
Re/Max Tri-City License #00979751
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,102
Year Built
- Built in 1954
Lot Details
- 8,273 Sq Ft Lot
- 1 Common Wall
Parking
- 7 Open Parking Spaces
- 5 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 3,622 Sq Ft Home
- Property Attached
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot COM
- Tax Tract Number 6919
- Assessor Parcel Number 5313003039
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $506
- Fuel Expense $305
- Gardener Expense $1,320
- Insurance Expense $2,274
- Maintenance Expense $1,381
- Professional Management Expense $4,481
- Water Sewer Expense $7,218
- New Taxes Expense $25,102
- Operating Expense $43,587
- Gross Income $99,420
- Net Operating Income $53,317
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 25, 2018
Closed on
Aug 29, 2018
Sold by
Chamberlain Michelle and Clevenger Toni Elizabeth
Bought by
Wong Li Carol V
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
George Tavitian
Re/Max Tri-City
List Price
$2,000,000
Sold Price
$1,800,000
Premium/Discount to List
-$200,000
-10%
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
$494,556
Avg. Annual Appreciation
5.50%
Purchase Details
Closed on
Dec 11, 2017
Sold by
Clevenger Toni Elizabeth and The Scott And Janet S Van Sant
Bought by
Vansant Michael Van
Purchase Details
Closed on
Dec 20, 2012
Sold by
Lindsey John
Bought by
Lindsey John W and The John Lindsey Separate Prop
Purchase Details
Closed on
Nov 16, 2012
Sold by
Lindsey William C
Bought by
Lindsey William C and The William C Lindsey Trust
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 |
|---|---|---|---|
| Wong Li Carol V | $1,800,000 | Fidelity National Title | |
| Vansant Michael Van | -- | None Available | |
| Clevenger Toni Elizabeth | -- | None Available | |
| Chamberlain Michelle | -- | None Available | |
| Lindsey John W | -- | None Available | |
| Lindsey William C | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2018 10/15/18 | Sold | $1,800,000 | -10.0% | $497 / Sq Ft |
| 08/08/2018 08/08/18 | Pending | -- | -- | -- |
| 06/25/2018 06/25/18 | For Sale | $2,000,000 | -- | $552 / 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 | $24,977 | $2,007,929 | $1,305,155 | $702,774 |
| 2024 | $24,977 | $1,968,559 | $1,279,564 | $688,995 |
| 2023 | $24,464 | $1,929,961 | $1,254,475 | $675,486 |
| 2022 | $23,912 | $1,892,120 | $1,229,878 | $662,242 |
| 2021 | $23,499 | $1,855,020 | $1,205,763 | $649,257 |
| 2020 | $23,177 | $1,836,540 | $1,193,400 | $643,140 |
| 2019 | $22,845 | $1,800,540 | $1,170,000 | $630,540 |
| 2018 | $3,985 | $180,057 | $63,561 | $116,496 |
| 2016 | $3,694 | $172,548 | $61,094 | $111,454 |
| 2015 | $3,634 | $169,957 | $60,177 | $109,780 |
| 2014 | $3,634 | $166,629 | $58,999 | $107,630 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
-
Joyce Goldstein
J
Seller Co-Listing Agent in 2018
Joyce Goldstein
CB Richard Ellis L.A. North Universal City
(818) 502-6700
8 Total Sales
-
G
Buyer's Agent in 2018
George Tavitian
RE/MAX
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV18152147
APN: 5313-003-039
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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