NOT LISTED FOR SALE

721 S 2nd Ave Arcadia, CA 91006

Estimated Value: $1,308,000 - $1,415,260

4 Beds
2 Baths
1,928 Sq Ft
$704/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $1,228,000 $637 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,429/month

15 Days on Market

Highlights

  • Corner Lot
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Camino Grove Elementary School Rated A
  • No HOA
  • Laundry Room

About This Home

As of November 2023

Excellent opportunity to own a fantastic single-level duplex with two side-by-side units in a prime Arcadia location. The spacious units are attached, but both really feel more like houses with their separate entrances, front yards, and front porches. Both units have great floorplans and feature 2 bedrooms, 1 bathroom, in-unit laundry hook-ups, 1 space in the garage, and 1 space in the driveway. The first unit is approximately 870 square feet, and the second unit is approximately 1,058 square feet. Please do not disturb tenants.

Last Agent to Sell the Property

Brittany Kallin

Seven Gables Real Estate License #01983322 Listed on: 10/04/2023

Seven Gables Real Estate

Co-Listed By

Vicky Hansen

Seven Gables Real Estate License #00696228

Last Buyer's Agent

Pearl Khoo

IRN REALTY License #00908574

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,364 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 1,928 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / 62
  • Assessor Parcel Number 5779017008
  • $819 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $999,999
  • Trash Expense $999,999
  • Water Sewer Expense $999,999
  • Operating Expense $99,999,999

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

7,364 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 999999.00
  • Zoning: ARR2YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5779017008
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 636.93

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 999999.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 7364.00
  • Lot Size Acres: 0.1691

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 43900.00
  • Insurance Expense: 999999.00
  • Lot Size Area: 7364.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9999999.00
  • Rent Control: No
  • Total Expenses: 99999999.00

Tax Info

  • Tax Block: 62
  • Tax Census Tract: 4308.01
  • Tax Lot: 16
  • Tax Tract Number: 000...
  • TaxOtherAnnualAssessmentAmount: 819.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Oct 24, 2023
Sold by
Hayne Family Trust and Hubbs Gail Hayne
Bought by
Dong Huu Trinh Family Trust and Xiufeng Fanny Yu Family Trust
Seller's Agent
Brittany Kallin
Seven Gables Real Estate
Buyer's Agent
Pearl Khoo
IRN REALTY
List Price
$1,200,000
Sold Price
$1,228,000
Premium/Discount to List
$28,000
2.33%
Views
36
Current Estimated Value
$1,357,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,065
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Apr 7, 2003
Sold by
Hayne James J
Bought by
Hayne James J and Hayne Marion A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
5.6%

Purchase Details

Closed on
Oct 22, 1996
Sold by
Hayne James J
Bought by
Hayne James J and Hayne Marion A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dong Huu Trinh Family Trust $1,228,000 Chicago Title
Hayne James J -- North American Title Co
Hayne James J -- North American Title Co
Hayne James J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayne James J $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2023 11/09/23 Sold $1,228,000 +2.3% $637 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $1,200,000 -- $622 / 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 $14,122 $1,252,560 $765,000 $487,560
2024 $14,122 $1,228,000 $750,000 $478,000
2023 $4,137 $306,225 $124,402 $181,823
2022 $4,012 $300,221 $121,963 $178,258
2021 $3,932 $294,335 $119,572 $174,763
2019 $3,847 $285,607 $116,026 $169,581
2018 $3,707 $280,007 $113,751 $166,256
2016 $3,561 $269,136 $109,335 $159,801
2015 $3,503 $265,094 $107,693 $157,401
2014 $3,469 $259,902 $105,584 $154,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR23184040

California Regional Multiple Listing Service (CRMLS)

APN: 5779-017-008

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