Seller's Agent in 2024
Pauline Cheng
RE/MAX
(626) 278-4587
52 in this area
97 Total Sales
700 S 2nd Ave Arcadia, CA 91006
Estimated Value: $1,266,000 - $1,550,000
4
Beds
2
Baths
1,919
Sq Ft
$740/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Camino Grove Elementary School Rated A
- Living Room
- 1-Story Property
About This Home
As of January 2024Welcome to a rare opportunity to own a single level duplex in the heart of Arcadia within the highly coveted Arcadia school district. Each unit offers a private yard space. Both units are spacious and include large living room, a dining area, comfortable kitchen and newer flooring. Both units have 2 bedrooms and 1 bathroom with an appealing floor plan. The back unit has a huge, private yard space and a two car garage. These units are on 2 separate electrical and gas meters and share 1 water meter. An absolutely perfect property to live in one and rent the other. Great lot size of over 7,275 sq. ft., zoned R2. First time on the market in 22 years! The current rents were way below market, has great rental upside. Both units are currently occupied, landlord has issued an official written notice to ask the tenants. to vacate by the end of December 2023. Property to be Sold in AS IS condition. No warranties expressed or implied by Seller or the brokers.This property would be a great investment for a family that wants to occupy, leave it as a rental or tear down and rebuild 2 homes. The possibilities are endless! Convenient to restaurants, shopping and transportation, Arcadia High School, 1st Avenue Middle School, a library, and very close to Westfield Shopping Center and the Santa Anita Race Track. Don't miss seeing this amazing opportunity in an ideal location.
Last Agent to Sell the Property
Re/Max Premier Prop Arcadia License #00993691 Listed on: 11/30/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 7,277 Sq Ft Lot
- 1 Common Wall
Parking
- 2 Car Garage
- Parking Available
- Single Garage Door
- Driveway
Home Design
- Duplex
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Composition Roof
Interior Spaces
- 1,919 Sq Ft Home
- 1-Story Property
- Living Room
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 18 / 61
- Assessor Parcel Number 5779018016
- $845 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $840
- Insurance Expense $1,482
- Trash Expense $648
- Water Sewer Expense $828
- Operating Expense $3,798
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 10, 2004
Sold by
Lo Peter Ting Chong
Bought by
Woo Ying Che
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$75,385
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,344,127
Purchase Details
Closed on
Mar 27, 2001
Sold by
Burr Terry L and Burr Gail M
Bought by
Lo Peter Ting Chong and Woo Ying Che
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.92%
Purchase Details
Closed on
Jul 28, 1999
Sold by
Dick Gail M and Burr Gail M
Bought by
Burr Terry L and Burr Gail M
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Woo Ying Che | -- | Southland Title | |
| Lo Peter Ting Chong | $305,000 | -- | |
| Burr Terry L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Woo Ying Che | $180,000 | |
| Closed | Lo Peter Ting Chong | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2024 01/19/24 | Sold | $1,350,000 | +12.5% | $703 / Sq Ft |
| 12/24/2023 12/24/23 | Pending | -- | -- | -- |
| 11/30/2023 11/30/23 | For Sale | $1,200,000 | -- | $625 / 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 | $5,739 | $1,377,000 | $816,000 | $561,000 |
| 2024 | $5,739 | $450,550 | $270,332 | $180,218 |
| 2023 | $5,626 | $441,717 | $265,032 | $176,685 |
| 2022 | $5,450 | $433,057 | $259,836 | $173,221 |
| 2021 | $5,346 | $424,567 | $254,742 | $169,825 |
| 2019 | $5,226 | $411,976 | $247,187 | $164,789 |
| 2018 | $5,033 | $403,899 | $242,341 | $161,558 |
| 2016 | $4,867 | $388,218 | $232,932 | $155,286 |
| 2015 | $4,786 | $382,388 | $229,434 | $152,954 |
| 2014 | $4,732 | $374,898 | $224,940 | $149,958 |
Source: Public Records
Agents Affiliated with this Home
-
Pauline Cheng
-
Karen Yu
Buyer's Agent in 2024
Karen Yu
Harvest Realty Development
(626) 823-3380
1 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23217768
APN: 5779-018-016
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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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