Tracy Macrum
COMPASS
(213) 267-3143
26 Total Sales
1 in Arcadia
$2,130,000 Price
815 Fairview Ave Unit 7 Arcadia, CA 91007
Arcadia Area
3
Beds
3
Baths
7,371
Sq Ft
0.43
Acre Lot
Highlights
- Front Yard
- Hugo Reid Elementary School Rated A+
- 3-minute walk to Tripolis Friendship Park
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!
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 18,839 Sq Ft Lot
- No Common Walls
- Front Yard
Home Design
- 7,371 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry in unit
Listing and Financial Details
- Tax Lot 30
- Tax Tract Number 2731
- Assessor Parcel Number 5783012003
- $2,493 per year additional tax assessments
Community Details
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
Additional Features
- 7 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2022
Closed on
Apr 6, 2022
Sold by
Fairview Townhomes Llc
Bought by
Seller's Agent
Jag Singh
Keller Williams - Eagle Rock
Buyer's Agent
Share Lin
Wetrust Realty
List Price
$3,550,000
Sold Price
$3,730,000
Premium/Discount to List
$180,000
5.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$982,803
Interest Rate
5.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2011
Sold by
Clements Family Partnership L P
Bought by
Fairview Townhomes Llc
Purchase Details
Closed on
Jun 19, 2001
Sold by
Clements Robert O
Bought by
The Clements Family Partnership Lp
Purchase Details
Closed on
Dec 4, 1996
Sold by
Clements Dorothy D
Bought by
The Clements Family Partnership
Purchase Details
Closed on
Nov 12, 1996
Sold by
Clements Dorothy D Tr Clements Trust
Bought by
Clements Dorothy D
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Arcadia, CA
-
Tracy Macrum
-
Janice Shin
Janice Shin
Pinnacle Real Estate Group
(626) 900-1562
14 Total Sales
2 in Arcadia
$1,160,000 Price Range
-
Beatrice Harendza-Harinxma
Beatrice Harendza-Harinxma
COMPASS
(818) 418-8114
49 Total Sales
1 in Arcadia
$970,000 Price
-
Alissa Anderson
Alissa Anderson
TurboHome Brokerage Inc.
(901) 402-1681
46 Total Sales
2 in Arcadia
$2,438,220 Price Range
-
Leslie Cross
Leslie Cross
Townsquare Real Estate Partners Inc.
(626) 657-2932
28 Total Sales
1 in Arcadia
$1,100,000 Price
-
Kitty Ho
Kitty Ho
Wetrust Realty
(626) 784-7203
104 Total Sales
7 in Arcadia
$710K - $1.6M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,730,000 | First American Title Company O | ||
| Fairview Townhomes Llc | -- | None Available | |
| The Clements Family Partnership Lp | -- | -- | |
| The Clements Family Partnership | -- | -- | |
| Clements Dorothy D | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,050,000 | ||
| Previous Owner | Fairview Townhomes Llc | $550,000 | |
| Previous Owner | Fairview Townhomes Llc | $500,000 | |
| Previous Owner | The Clements Family Partnership Lp | $512,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $47,476 | $4,037,469 | $2,826,229 | $1,211,240 |
| 2025 | $47,476 | $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
Seller's Agent in 2022
Jag Singh
Keller Williams - Eagle Rock
(626) 331-1234
35 Total Sales
-
Share Lin
Buyer's Agent in 2022
Share Lin
Wetrust Realty
(626) 632-3318
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR22058375
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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