NOT LISTED FOR SALE

645 Fairview Ave Arcadia, CA 91007

8 Beds
4 Baths
18,074 Sq Ft
0.66 Acre Lot

Sale Details

Date 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
  • 18 Detached Carport Spaces
  • Holly Avenue Elementary School Rated A+
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

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

Pinnacle Real Estate Group License #01279792 Listed on: 03/16/2013

Pinnacle Real Estate Group

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

  • 28,841 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 18,074 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit

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

0.66 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2013
Closed on
May 6, 2013
Sold by
Bought by
Seller's Agent
Jason Guo
Pinnacle Real Estate Group
Buyer's Agent
Yiu Kwei
KW Executive
List Price
$4,980,000
Sold Price
$4,500,000
Premium/Discount to List
-$480,000
-9.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
0.0338%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,235,000
Interest Rate
0.0445%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,630,000
Interest Rate
0.065%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2007
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
0.0537%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
0.0537%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $68,347 $5,541,420 $2,216,567 $3,324,853
2024 $64,205 $5,432,765 $2,173,105 $3,259,660
2023 $62,892 $5,326,242 $2,130,496 $3,195,746
2022 $60,836 $5,221,807 $2,088,722 $3,133,085
2021 $59,655 $5,119,419 $2,047,767 $3,071,652
2020 $58,917 $5,072,626 $2,026,770 $3,045,856
2019 $58,230 $4,973,276 $1,987,030 $2,986,246
2018 $56,628 $4,875,873 $1,948,069 $2,927,804
2016 $55,326 $4,681,060 $1,872,424 $2,808,636
2015 $54,359 $4,610,747 $1,844,299 $2,766,448
2014 $53,666 $4,520,430 $1,808,172 $2,712,258
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jason Guo

    Pinnacle Real Estate Group

    (626) 309-7999

    8 Total Sales

    Jason Guo
    Section Image
  • Yiu Kwei

    Buyer's Agent in 2013

    Yiu Kwei

    KW Executive

    (626) 512-5822

    64 Total Sales

    Yiu Kwei
    Section Image
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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

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.

California Regional Multiple Listing Service (CRMLS) 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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