NOT LISTED FOR SALE
4 Beds
2 Baths
14,560 Sq Ft
0.46 Acre Lot

Sale Details

Date Sold: December 10, 2014

Last sale price $3,505,000 $241 Per Sq Ft

23 Days on Market

About This Home

As of December 2014

Well-maintained 16 unit property with gated entry and dual driveways. All units are two-bedroom units with individual water heaters. Property is currently 100% occupied. Units average approximately 900+ square feet. Wall units for heating and cooling, gas stoves or cooktops, carpet and vinyl/tile floors, dishwashers. Laundry machines are owned by the building and generate over $350/month. Utility expenses provided are actual 2013 figures. Located in unincorporated county area. Pasadena School District.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 09/12/2014

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 09/12/2014

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 19,981 Sq Ft Lot

Interior Spaces

  • 14,560 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Parking

  • 16 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 5379-012-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.46 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Complex Name: Arcadia Lanai
  • Living Area: 14560
  • Manager Expense: 10400.00
  • Stories: 2
  • Year Built: 1960
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Dishwasher
  • Price Per S Q F T: 246.22

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window
  • Electric Expense: 1356.00
  • Heating: Wall
  • Water Expense: 11900.00

Condo/Co-op/Association

  • Professional Management: 9801.00

Fee Information

  • Gas Expense: 1341.00
  • Insurance Expense: 4368.00
  • Maintenance Expense: 10000.00
  • Other Expense: 3200.00
  • Trash Expense: 2518.00

Lot Info

  • Assessor Parcel Number: 5379-012-003
  • Geocode Override: No
  • Lot Size Area: 19981

Rental Info

  • Monthly Gross Income: 21050.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.43
  • Gross Scheduled Income: 252600.00
  • Number Of Units: 16
  • Rent Control: 0
  • Type Of Units: 2+1's

Tax Info

  • Tax Expense: 44042.00

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

Closed on
Sep 4, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,724,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 12, 2014
Closed on
Oct 14, 2014
Sold by
Bought by
Seller's Agent
Priscilla Nee
CB Richard Ellis, Inc.
Buyer's Agent
Priscilla Nee
CB Richard Ellis, Inc.
List Price
$3,585,000
Sold Price
$3,505,000
Premium/Discount to List
-$80,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.89%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 25, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 16, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in San Gabriel, CA

See All Agents

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
$3,820,000 Fidelity National Title
$3,505,000 North American Title Company
-- None Available
$2,875,000 Investors Title Company
$2,400,000 North American Title
$920,000 Stewart Title
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 $3,100,000
Closed $2,724,000
Previous Owner $2,000,000
Previous Owner $1,850,000
Previous Owner $1,425,000
Previous Owner $1,500,000
Previous Owner $1,640,000
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
12/10/2014 12/10/14 Sold $3,505,000 -2.2% $241 / Sq Ft
10/05/2014 10/05/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $3,585,000 -- $246 / Sq Ft
Source: The MLS

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 $52,948 $4,177,723 $2,717,708 $1,460,015
2024 $50,705 $4,095,808 $2,664,420 $1,431,388
2023 $49,268 $4,015,499 $2,612,177 $1,403,322
2022 $47,627 $3,936,764 $2,560,958 $1,375,806
2021 $45,718 $3,859,574 $2,510,744 $1,348,830
2020 $43,975 $3,820,800 $2,485,000 $1,335,800
2019 $43,799 $3,720,333 $2,419,554 $1,300,779
2018 $45,048 $3,703,011 $2,408,286 $1,294,725
2016 $43,584 $3,558,451 $2,314,770 $1,243,681
2015 $43,108 $3,505,000 $2,280,000 $1,225,000
2014 $38,975 $3,142,191 $1,721,374 $1,420,817
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 14-793505

The MLS
Your Personal Tour Guide

Ask me questions while you tour the home.