Seller's Agent in 2022
Jag Singh
Keller Williams - Eagle Rock
(626) 331-1234
1 in this area
37 Total Sales
815 Fairview Ave Unit 7 Arcadia, CA 91007
3
Beds
3
Baths
7,371
Sq Ft
18,840
Sq Ft Lot
Highlights
- Laundry Room
- Hugo Reid Elementary School Rated A+
- Front Yard
About This Home
As of April 2022First time on the market in over 25 years! Proudly presenting the opportunity to acquire 815 Fairview Ave, a charming 7-unit gem in the heart of Arcadia, California. Built in 1959, this property boasts an excellent unit mix of (6) 2B+2B units and (1) 1B+1B unit. Tenants enjoy the convenience of onsite laundry facilities, ample parking, and enclosed patio space off of each unit. This is a great opportunity for the savvy investor, as tenants are willing to pay a rental premium for Arcadia’s National Blue Ribbon/CA Distinguished schools. Minutes from Westfield Santa Anita, local Arcadia schools, and the 210 Freeway, you do not want to miss this incredible investment opportunity!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 0.43 Acre Lot
- No Common Walls
- Front Yard
Home Design
- 7,371 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 30
- Tax Tract Number 2731
- Assessor Parcel Number 5783012003
- $2,493 per year additional tax assessments
Community Details
Overview
- 7 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $480
- Insurance Expense $2,662
- Maintenance Expense $11,840
- Trash Expense $2,064
- Water Sewer Expense $3,600
- Operating Expense $60,944
- Gross Income $147,300
- Net Operating Income $78,991
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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 |
|---|---|---|---|---|
| 04/25/2022 04/25/22 | Sold | $3,730,000 | +5.1% | $506 / Sq Ft |
| 03/23/2022 03/23/22 | For Sale | $3,550,000 | -- | $482 / 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 | $44,618 | $3,958,304 | $2,770,813 | $1,187,491 |
| 2024 | $44,618 | $3,880,691 | $2,716,484 | $1,164,207 |
| 2023 | $43,693 | $3,804,600 | $2,663,220 | $1,141,380 |
| 2022 | $21,466 | $1,775,406 | $1,242,786 | $532,620 |
| 2021 | $21,050 | $1,740,595 | $1,218,418 | $522,177 |
| 2019 | $20,563 | $1,689,490 | $1,182,280 | $507,210 |
| 2018 | $19,862 | $1,656,374 | $1,159,099 | $497,275 |
| 2016 | $19,337 | $1,591,557 | $1,114,091 | $477,466 |
| 2015 | $19,005 | $1,567,652 | $1,097,357 | $470,295 |
| 2014 | $18,777 | $1,536,945 | $1,075,862 | $461,083 |
Source: Public Records
Agents Affiliated with this Home
-
Jag Singh
-
Share Lin
Buyer's Agent in 2022
Share Lin
Wetrust Realty
(626) 632-3318
3 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR22058375
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