Seller's Agent in 2022
Mike Rossi
Strand Hill Properties
(310) 545-0707
1 in this area
27 Total Sales
805 Fairview Ave Arcadia, CA 91007
3
Beds
3
Baths
14,824
Sq Ft
0.87
Acres
Highlights
- No Units Above
- Gated Community
- Mountain View
- Hugo Reid Elementary School Rated A+
- 0.87 Acre Lot
- Granite Countertops
About This Home
As of April 2022Sold together with 809 Fairview. First time on the market in over 45 years! Both 805 and 809 Fairview are 14,824 sf and sit on a RARE street to alley ARR3 zoned large lot(s) of 37,804 sf in an exceptional location close to Westfield Santa Anita (Super-Regional Mall), Santa Anita Racetrack, the 210 freeway, and within Arcadia School district which has been ranked in the top 1% of school districts in America by Niche. Both properties are 14 units combined consisting of (12) two bedroom/two baths and (2) one bedroom/one baths, 14 tenant assigned covered & 4+ guest parking spaces, mature landscaping, and extremely well maintained and cared for. All units, except one, have been upgraded/remodeled, individually metered for electric/gas, central HVAC (except the 1/1's which have individual wall mounted furnace and window AC), newer roofs, individual water heaters, and 809 Fairview enjoys covered patios and a new water main from street to faucets and laundry room to the rear of the property. Rents are approximately 19% below market with a current 24.38 GRM with room to move to 19.82 GRM and all this within a highly desirable area offering investors a great opportunity with the possibility for future development.
Last Agent to Sell the Property
Strand Hill Properties License #01089100 Listed on: 03/30/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 0.87 Acre Lot
- Property fronts an alley
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Wrought Iron Fence
- Level Lot
- 5783012022
Home Design
- Patio Home
- Property Attached
- Turnkey
- Asphalt Roof
Interior Spaces
- 14,824 Sq Ft Home
- 1-Story Property
- Mountain Views
- Fire and Smoke Detector
- Granite Countertops
- Laundry Room
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 4 Open Parking Spaces
- 18 Parking Spaces
- 14 Detached Carport Spaces
- Parking Available
- Assigned Parking
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Exterior Lighting
- Outdoor Storage
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 29
- Tax Tract Number 2731
- Assessor Parcel Number 5783012021
- $4,971 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 14 Units
Recreation
- Bike Trail
Building Details
- 15 Separate Electric Meters
- 15 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1,161
- Fuel Expense $706
- Gardener Expense $4,800
- Insurance Expense $7,762
- Maintenance Expense $4,200
- Pest Control $1,980
- Trash Expense $4,891
- Water Sewer Expense $5,091
- New Taxes Expense $77,980
- Operating Expense $108,572
- Gross Income $299,400
- Net Operating Income $181,571
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2022 04/27/22 | Sold | $7,200,000 | -1.4% | $486 / Sq Ft |
| 03/30/2022 03/30/22 | For Sale | $7,300,000 | -- | $492 / 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 | $43,158 | $3,820,348 | $2,674,244 | $1,146,104 |
| 2024 | $43,158 | $3,745,440 | $2,621,808 | $1,123,632 |
| 2023 | $42,264 | $3,672,000 | $2,570,400 | $1,101,600 |
| 2022 | $7,123 | $426,544 | $155,645 | $270,899 |
| 2021 | $6,958 | $418,182 | $152,594 | $265,588 |
| 2019 | $6,825 | $405,780 | $148,069 | $257,711 |
| 2018 | $6,388 | $397,824 | $145,166 | $252,658 |
| 2016 | $6,068 | $382,378 | $139,530 | $242,848 |
| 2015 | $5,972 | $376,636 | $137,435 | $239,201 |
| 2014 | $5,946 | $369,259 | $134,743 | $234,516 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Rossi
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
None MRML
(646) 541-2551
19 in this area
6,305 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22063762
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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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