NOT LISTED FOR SALE

767 Southview Rd Arcadia, CA 91007

Estimated Value: $1,723,000 - $2,155,601

6 Beds
6 Baths
3,620 Sq Ft
$529/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $1,975,000 $546 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,861/month

23 Days on Market

Highlights

  • No HOA
  • Balcony
  • Laundry Room
  • Hugo Reid Elementary School Rated A+
  • Fireplace

About This Home

As of April 2022

The Southview Apartment is situated in the heart of Arcadia, just south of Huntington Dr. and east of Baldwin Ave. This prime location offers walking distance to Westfield Santa Anita, Santan Anita Park, 99 Ranch Market, restaurants, banks, and much more. Built in 1959, the Southview Apartment sits on a 7,524 square foot lot with a total building size of 3,620 square feet. The property offers an excellent unit mix of 2 one-bedroom/one-bathroom units and 2 two-bedroom/two-bathroom units, and each unit has its own patio/balcony. The Southview Apartment features beautifully maintained landscaping, newer double-pane windows, newer roof, 5 carport parking spaces, and on-site laundry room for additional income. The Southview Apartment is in a highly desirable area and offers stability for any investor, whether a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Last Agent to Sell the Property

Andy Yu

Real Brokerage Technologies License #02003568 Listed on: 02/23/2022

Real Brokerage Technologies

Co-Listed By

Freeman Wang

Real Brokerage Technologies License #01966395

Last Buyer's Agent

Jose Eduardo Colis Rojas

Brad Korb Real Estate Group License #02134898

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,524 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,620 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available

Outdoor Features

  • Balcony
  • Fireplace in Patio

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 22220
  • Assessor Parcel Number 5783010008
  • $1,576 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $409
  • Fuel Expense $404
  • Gardener Expense $990
  • Insurance Expense $2,918
  • Maintenance Expense $3,226
  • Trash Expense $1,438
  • Water Sewer Expense $1,095
  • New Taxes Expense $20,228
  • Operating Expense $30,882
  • Gross Income $80,648
  • Net Operating Income $49,767

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,524 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1095.00
  • Zoning: ARR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 990.00
  • Parcel Number: 5783010008
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Patio
  • Price Per Square Foot: 545.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1438.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7524.00
  • Lot Size Acres: 0.1727
  • Latitude Manual: 34.13041700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 1100 Square Feet
  • Electric Expense: 409.00
  • Fuel Expense: 404.00
  • Gross Income: 80648.00
  • Gross Scheduled Income: 80648.00
  • Insurance Expense: 2918.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 848.00
  • Lot Size Area: 7524.0000 Square Feet
  • Maintenance Expense: 3226.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 49767.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Operating Expense: 30882.00
  • Rent Control: No
  • Total Actual Rent: 79800.00
  • Total Expenses: 30882.00

Tax Info

  • New Taxes Expense: 20228.00
  • Tax Lot: 1
  • Tax Tract Number: 22220
  • TaxOtherAnnualAssessmentAmount: 1576.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Jun 3, 2022
Sold by
Suhrie Trust
Bought by
Suhrie Trust and Suhrie
Seller's Agent
Andy Yu
Real Brokerage Technologies
Buyer's Agent
Jose Eduardo Colis Rojas
Brad Korb Real Estate Group
List Price
$1,750,000
Sold Price
$1,975,000
Premium/Discount to List
$225,000
12.86%
Current Estimated Value
$1,916,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,850
Avg. Annual Appreciation
-0.78%

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 22, 2022
Sold by
767 Southview Llc
Bought by
Suhrie Trust
Seller's Agent
Andy Yu
Real Brokerage Technologies
Buyer's Agent
Jose Eduardo Colis Rojas
Brad Korb Real Estate Group
List Price
$1,750,000
Sold Price
$1,975,000
Premium/Discount to List
$225,000
12.86%

Purchase Details

Listed on
May 4, 2018
Closed on
Apr 13, 2018
Sold by
Southview Road Llc
Bought by
767 Southview Llc
Seller's Agent
Tammy Chung
Coldwell Banker Dynasty Arc.
Buyer's Agent
Tammy Chung
Coldwell Banker Dynasty Arc.
Sold Price
$1,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%

Purchase Details

Closed on
Oct 26, 2012
Sold by
Krall Edward A and Edward A Krall Trust
Bought by
Southview Road Llc

Purchase Details

Closed on
Oct 25, 2012
Sold by
Moraga David Louis and Moraga Mary Catherine
Bought by
Southview Road Llc

Purchase Details

Closed on
Jun 18, 2009
Sold by
Moraga David Louis and Moraga Mary Catherine
Bought by
Moraga David Louis

Purchase Details

Closed on
Nov 20, 2008
Sold by
Moraga Mary Catherine
Bought by
Moraga David Luis
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
Suhrie Trust -- Accommodation/Courtesy Recordi
Suhrie Trust $1,975,000 Fidelity National Title
767 Southview Llc $1,630,000 Fidelity Sherman Oaks
Southview Road Llc -- None Available
Southview Road Llc -- None Available
Moraga David Louis -- None Available
Moraga David Luis -- None Available
Krall Edward A -- None Available
Krall Edward A -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2022 04/04/22 Sold $1,975,000 +12.9% $546 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $1,750,000 0.0% $483 / Sq Ft
05/17/2018 05/17/18 Rented $1,500 0.0% --
05/16/2018 05/16/18 Off Market $1,500 -- --
05/16/2018 05/16/18 For Rent $1,500 0.0% --
05/10/2018 05/10/18 Off Market $1,500 -- --
05/04/2018 05/04/18 For Rent $1,500 0.0% --
04/19/2018 04/19/18 Sold $1,630,000 -1.2% $450 / Sq Ft View Prior Sale
04/01/2018 04/01/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $1,649,000 -- $456 / 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 $23,882 $2,095,885 $1,467,120 $628,765
2024 $23,882 $2,054,790 $1,438,353 $616,437
2023 $23,390 $2,014,500 $1,410,150 $604,350
2022 $20,208 $1,747,686 $1,223,381 $524,305
2021 $19,838 $1,713,419 $1,199,394 $514,025
2020 $19,593 $1,695,851 $1,187,096 $508,755
2019 $19,378 $1,662,600 $1,163,820 $498,780
2018 $4,160 $260,917 $80,956 $179,961
2016 $3,933 $250,787 $77,813 $172,974
2015 $3,872 $247,021 $76,645 $170,376
2014 $3,849 $242,183 $75,144 $167,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22035226

California Regional Multiple Listing Service (CRMLS)

APN: 5783-010-008

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