NOT LISTED FOR SALE

703 E Camino Real Ave Arcadia, CA 91006

Estimated Value: $1,839,000 - $2,343,000

5 Beds
3 Baths
2,099 Sq Ft
$1,009/Sq Ft Est. Value

Last Sold January 24, 2019

Last sale price $1,351,000 $644 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $12,668/month

7 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 0.53 Acre Lot
  • Traditional Architecture
  • Camino Grove Elementary School Rated A
  • Mountain View
  • 4-minute walk to Camino Grove Park

About This Home

As of January 2019

Non rent control. 3 houses on one lot. Very large over one half acre lot (23,001 sq ft as recorded at LA County Assessor) with 3 homes. All homes are currently rented and not available to inspection prior to the seller’s acceptance of an offer. Currently, the large yard makes numerous parking spaces available off the street. Mature landscaping with many healthy trees creates a park-like ambiance. Could continue to rent these homes for income or tear down and place a large home on the unusually large lot. Buyer to complete their own due diligence in regards to all aspects of the property, including income, expenses and potential rents. Please do not disturb the tenants.

Last Agent to Sell the Property

Phyllis Lu

Titan One Real Estate License #01526442 Listed on: 11/26/2018

Last Buyer's Agent

Phyllis Lu

Titan One Real Estate License #01526442 Listed on: 11/26/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,254

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 0.53 Acre Lot
  • No Common Walls
  • South Facing Home
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 2,099 Sq Ft Home
  • Laminate Flooring
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gravity Heating System
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5780011019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $16,250
  • Gross Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,254

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: ARR1YY
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5780011019
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: One
  • Price Per Square Foot: 643.64
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Gravity
  • Laundry Features: Inside
  • Sewer: Public Sewer, Sewer Paid
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 23001.00
  • Lot Size Acres: 0.5280

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 52200.00
  • Gross Operating Income: 52200.00
  • Gross Scheduled Income: 52200.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 23001.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Lot: 00
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Hoang Lily and Hoang Robert
Bought by
Hoang Lily and Hoang Robert
Current Estimated Value
$2,118,244

Purchase Details

Listed on
Nov 26, 2018
Closed on
Jan 18, 2019
Sold by
Hoang Quyen Tien Ly
Bought by
Hoang Nguyen Hao
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Phyllis Lu
Titan One Real Estate
List Price
$1,399,000
Sold Price
$1,351,000
Premium/Discount to List
-$48,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%
Original Mortgage
$901,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2018
Closed on
Dec 5, 2018
Sold by
Zhang Minda
Bought by
Hoang Lily and Hoang Robert
Seller's Agent
Phyllis Lu
Titan One Real Estate
Buyer's Agent
Phyllis Lu
Titan One Real Estate
List Price
$1,399,000
Sold Price
$1,351,000
Premium/Discount to List
-$48,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$901,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 28, 2016
Closed on
Dec 7, 2016
Sold by
Mitchell Georgeann and The Sayers Brown Family Trust
Bought by
Zhang Minda
Seller's Agent
Pam DelRey
Art Del Rey Realty, Inc.
Buyer's Agent
Minda Zhang
Minda Zhang, BROKER
List Price
$1,398,000
Sold Price
$1,300,000
Premium/Discount to List
-$98,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%

Purchase Details

Closed on
Jun 20, 2008
Sold by
Sayers Brown Donna J
Bought by
Sayers Brown Donna J and The Sayers Brown Family Trust

Purchase Details

Closed on
May 4, 2005
Sold by
Mitchell David H
Bought by
Mitchell Georgeann

Purchase Details

Closed on
May 3, 2005
Sold by
Brown James C
Bought by
Sayers Brown Donna J

Purchase Details

Closed on
Apr 28, 2005
Sold by
Mitchell Georgeann and Sayers Brown Donna J
Bought by
Mitchell Georgeann and Sayers Brown Donna J

Purchase Details

Closed on
Jun 23, 1999
Sold by
Mcfall Melverda
Bought by
Mcfall Melverda and Melverda Mcfall Living Trust
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Hoang Lily -- None Listed On Document
Hoang Nguyen Hao -- Wfg National Title Company
Hoang Lily $1,351,000 Wfg National Title Company
Zhang Minda $1,300,000 Fidelity Sherman Oaks
Sayers Brown Donna J -- None Available
Mitchell Georgeann -- --
Sayers Brown Donna J -- --
Mitchell Georgeann -- --
Mcfall Melverda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoang Lily $901,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/24/2019 01/24/19 Sold $1,351,000 -3.4% $644 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $1,399,000 +7.6% $667 / Sq Ft
12/30/2016 12/30/16 Sold $1,300,000 -7.0% $619 / Sq Ft View Prior Sale
09/28/2016 09/28/16 For Sale $1,398,000 -- $666 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $17,254 $1,531,815 $1,087,663 $444,152
2024 $17,254 $1,501,781 $1,066,337 $435,444
2023 $16,638 $1,448,542 $1,157,977 $290,565
2022 $16,092 $1,420,140 $1,135,272 $284,868
2021 $15,797 $1,392,295 $1,113,012 $279,283
2020 $15,598 $1,378,020 $1,101,600 $276,420
2019 $15,386 $1,352,520 $1,082,016 $270,504
2018 $14,989 $1,326,000 $1,060,800 $265,200
2016 $1,628 $85,693 $55,894 $29,799
2015 $1,605 $84,407 $55,055 $29,352
2014 $1,610 $82,755 $53,977 $28,778
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18274113

California Regional Multiple Listing Service (CRMLS)

APN: 5780-011-019