NOT LISTED FOR SALE

815 Fairview Ave Unit 7 Arcadia, CA 91007

3 Beds
3 Baths
7,371 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: April 25, 2022

Last sale price $3,730,000 $506 Per Sq Ft

14 Days on Market

About This Home

As of April 2022

First 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!

Last Agent to Sell the Property

Jag Singh

Keller Williams - Eagle Rock License #01886951 Listed on: 03/23/2022

Keller Williams - Eagle Rock

Last Buyer's Agent

Share Lin

Wetrust Realty License #02011194

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

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.43 Acres

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3600.00
  • Zoning: ARR3YY
  • Property Type: Residential Income
  • Parcel Number: 5783012003
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 506.04

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2064.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 18839.00
  • Lot Size Acres: 0.4325

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 147300.00
  • Gross Scheduled Income: 145800.00
  • Insurance Expense: 2662.00
  • Lot Size Area: 18839.0000 Square Feet
  • Maintenance Expense: 11840.00
  • Net Operating Income: 78991.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 60944.00
  • Rent Control: No
  • Total Expenses: 60944.00

Tax Info

  • Tax Census Tract: 4307.23
  • Tax Lot: 30
  • Tax Tract Number: 2731
  • TaxOtherAnnualAssessmentAmount: 2493.00

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
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
Interest Rate
0.0511%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 2001
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- None Available
-- --
-- --
-- --
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
Closed $1,050,000
Closed $550,000
Closed $500,000
Closed $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
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22058375

California Regional Multiple Listing Service (CRMLS)
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