NOT LISTED FOR SALE

645 Fairview Ave Arcadia, CA 91007

8 Beds
4 Baths
18,074 Sq Ft
0.66 Acres

Last Sold June 21, 2013

Last sale price $4,500,000 $249 Per Sq Ft

48 Days on Market

Highlights

  • Private Pool
  • 0.66 Acre Lot
  • Laundry Room
  • Holly Avenue Elementary School Rated A+
  • Cooling System Mounted To A Wall/Window
  • 18 Detached Carport Spaces

About This Home

As of June 2013

Prime Arcadia location, walking distance to Excellent Arcadia Schools and Santa Anita Mall. Security gate, swimming pool, two separate laundry rooms. All units are large in its size and recently remodeled with Hardwood Floors, Granite Counter Tops and New Bathroom Tubs, etc. Newer Roof was installed in 2007. This property is a perfect gem to reposition the rents and reap the profits which needs very low maintenance.

Last Agent to Sell the Property

Jason Guo

Treeline Realty & Investment License #01279792 Listed on: 03/16/2013

Treeline Realty & Investment

Last Buyer's Agent

Yiu Kwei

KW Executive License #01875802

KW Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.66 Acre Lot
  • Two or More Common Walls

Home Design

  • 18,074 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Parking

  • 28 Parking Spaces
  • 18 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Private Pool
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Well
  • Shared Septic

Listing and Financial Details

  • Assessor Parcel Number 5778002008

Community Details

Recreation

  • Community Pool

Building Details

  • 18 Leased Units
  • 19 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Gardener Expense $1,560
  • Insurance Expense $6,245
  • Maintenance Expense $3,000
  • Pool Expense $960
  • Professional Management Expense $9,600
  • Trash Expense $3,000
  • Water Sewer Expense $3,800
  • New Taxes Expense $40,000
  • Gross Income $24,010
  • Net Operating Income $217,995

Additional Features

  • 18 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 4.30
  • Professional Management Expense: 9600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 5778002008
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 248.98

Exterior Features

  • Pool Expense: 960.00
  • Pool Features: Community
  • Pool Private: Yes

Garage/Parking

  • Carport Spaces: 18.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 28.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Shared Septic
  • Trash Expense: 3000.00
  • Water Source: Well
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 28841.00
  • Lot Size Acres: 0.6620

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 24010.00
  • Gross Scheduled Income: 288120.00
  • Insurance Expense: 6245.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 28841.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 217995.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Operating Expense: 70125.00
  • Rent Control: No
  • Total Actual Rent: 23660.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 40000.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2013 06/21/13 Sold $4,500,000 -9.6% $249 / Sq Ft
05/03/2013 05/03/13 Pending -- -- --
03/16/2013 03/16/13 For Sale $4,980,000 -- $276 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jason Guo

    Treeline Realty & Investment

    (626) 309-7999

    1 in this area

    6 Total Sales

    Jason Guo
    Section Image
  • Yiu Kwei

    Buyer's Agent in 2013

    Yiu Kwei

    KW Executive

    (626) 512-5822

    3 in this area

    73 Total Sales

    Yiu Kwei
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13047522

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Arcadia 91007

645 Fairview Ave, Arcadia, CA

Not Listed for Sale

MultiFamily

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