NOT LISTED FOR SALE

763 Southview Rd Arcadia, CA 91007

Estimated Value: $1,657,000 - $1,944,158

6 Beds
6 Baths
3,571 Sq Ft
$504/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $1,690,000 $473 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $11,084/month

48 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Laundry Room
  • Hugo Reid Elementary School Rated A+
  • Cooling System Mounted To A Wall/Window
  • Foothills

About This Home

As of September 2021

Back on the Market. One of the best and hottest locations in Arcadia! Situated right across the Westfield Santa Anita shopping center. Walking distance to banks, restaurants and shops. Well maintained by professional property management. Both buildings have long term and very stable tenants. No COVID 19 payment issues. Rare opportunity on the market, with a lot of potential rent increase! This property, as well as neighboring 759 Southview Rd, each consist of 4 units. They each have 2 (2)-bedroom (2)-baths and 2 (1)-bedroom(1)-bath.

Last Agent to Sell the Property

Johnson Liu

DMH Property Inc. License #02024650 Listed on: 05/19/2021

DMH Property Inc.

Last Buyer's Agent

Mark Peterson

RE/MAX MASTERS REALTY License #00886538

RE/MAX MASTERS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,522 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 3,571 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 22220
  • Assessor Parcel Number 5783010009

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,905
  • Trash Expense $846
  • Water Sewer Expense $1,012
  • New Taxes Expense $17,874
  • Operating Expense $29,566
  • Gross Income $76,259
  • Net Operating Income $46,693

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,522 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 1012.00
  • Zoning: ARR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5783010009
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 473.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 846.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Foothills, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7522.00
  • Lot Size Acres: 0.1727

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 76258.50
  • Gross Scheduled Income: 66073.00
  • Insurance Expense: 1905.00
  • Lot Size Area: 7522.0000 Square Feet
  • Net Operating Income: 46693.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 29566.00
  • Rent Control: No
  • Total Expenses: 29566.00

Tax Info

  • New Taxes Expense: 17874.00
  • Tax Census Tract: 4307.23
  • Tax Lot: 2
  • Tax Tract Number: 22220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Oct 16, 2018
Sold by
Ciccotti Luigi D and Ciccotti Family Trust
Bought by
Oak Yee Inc
Seller's Agent
Daniel Venti
ANTHONY VENTI REALTORS
Buyer's Agent
Chun Mei Chang
IRN Realty
List Price
$1,698,000
Sold Price
$3,040,000
Premium/Discount to List
$1,342,000
79.03%
Current Estimated Value
$1,801,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,238,460
Avg. Annual Appreciation
-6.94%

Purchase Details

Closed on
Feb 1, 1995
Sold by
Ciccotti Luigi D and Ciccotti Frances
Bought by
Ciccotti Luigi D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Oak Yee Inc $3,040,000 Lawyers Title Company
Ciccotti Luigi D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2021 09/16/21 Sold $1,690,000 -5.6% $473 / Sq Ft
07/26/2021 07/26/21 For Sale $1,790,000 +5.9% $501 / Sq Ft
07/07/2021 07/07/21 Off Market $1,690,000 -- --
07/07/2021 07/07/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $1,790,000 +5.9% $501 / Sq Ft
05/28/2021 05/28/21 Off Market $1,690,000 -- --
05/28/2021 05/28/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,790,000 -41.1% $501 / Sq Ft
11/15/2018 11/15/18 Sold $3,040,000 +79.0% $851 / Sq Ft View Prior Sale
10/12/2018 10/12/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $1,698,000 -- $475 / 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 $21,639 $1,793,440 $1,076,064 $717,376
2024 $20,322 $1,758,275 $1,054,965 $703,310
2023 $19,899 $1,723,800 $1,034,280 $689,520
2022 $19,242 $1,690,000 $1,014,000 $676,000
2021 $17,919 $1,566,461 $939,877 $626,584
2019 $17,488 $1,520,000 $912,000 $608,000
2018 $7,723 $620,123 $356,668 $263,455
2016 $7,486 $596,045 $342,819 $253,226
2015 $7,358 $587,093 $337,670 $249,423
2014 $7,278 $575,594 $331,056 $244,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21099664

California Regional Multiple Listing Service (CRMLS)

APN: 5783-010-009

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