NOT LISTED FOR SALE

8944 Arcadia Ave San Gabriel, CA 91775

Estimated Value: $1,174,073 - $1,408,000

5 Beds
4 Baths
2,560 Sq Ft
$508/Sq Ft Est. Value

Sale Details

Date Sold: August 25, 2016

Last sale price $770,000 $301 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,931 / mo

185 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Central Heating and Cooling System
  • Pasadena High School Rated A

About This Home

As of August 2016

BIG REDUCTION FOR A QUICK SALE!!!! HURRY, Seller very motivated to sell!!! Property won't last long. Great location in a great area of San Gabriel, central to Arcadia, Temple City and Pasadena. Great rental Investment!!! Front unit is a 2 bedroom with good size rooms and 2 baths. Back unit is 3 bedrooms also with good size rooms and 2 baths. Easy to show!!! Property appraised last year for $835,000.

Last Agent to Sell the Property

Alonso Magallanes

OPTION ONE REALTY & INVESTMENT License #01426982 Listed on: 04/22/2016

Last Buyer's Agent

JAMES LAM

EQUITABLE PROPERTY CAPITAL License #01143073

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,961 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,560 Sq Ft Home
  • Living Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 30
  • Tax Tract Number 4850
  • Assessor Parcel Number 5379013032

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $480
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,832
  • Gross Income $3,210
  • Net Operating Income $38,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

5,961 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 5379013032
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 300.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 5961.00
  • Price Per Lot Square Foot: 129.17
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3210.00
  • Gross Scheduled Income: 42000.00
  • Lot Size Area: 5961.0000 Square Feet
  • Net Operating Income: 38520.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8832.00
  • Tax Lot: 30
  • Tax Tract Number: 4850

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
Apr 22, 2016
Closed on
Aug 2, 2016
Sold by
Bought by
Seller's Agent
Alonso Magallanes
OPTION ONE REALTY & INVESTMENT
Buyer's Agent
JAMES LAM
EQUITABLE PROPERTY CAPITAL
List Price
$825,000
Sold Price
$770,000
Premium/Discount to List
-$55,000
-6.67%
Current Estimated Value
$1,300,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,268
Avg. Annual Appreciation
5.48%

Purchase Details

Closed on
Sep 27, 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
$133,200
Interest Rate
5.67%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 21, 2004
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
$333,700
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
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
$333,700
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$770,000 Title 365
$666,000 Lawyers Title Ins
-- Lawyers Title Ins
$540,000 Ticor Title Co
-- Ticor Title Company
-- Ticor Title Company
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
Previous Owner $133,200
Previous Owner $532,800
Previous Owner $333,700
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
08/25/2016 08/25/16 Sold $770,000 -6.7% $301 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $825,000 -- $322 / 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 $11,066 $893,644 $626,713 $266,931
2024 $10,576 $876,123 $614,425 $261,698
2023 $10,314 $858,945 $602,378 $256,567
2022 $9,964 $842,104 $590,567 $251,537
2021 $9,561 $825,593 $578,988 $246,605
2020 $9,188 $817,129 $573,052 $244,077
2019 $9,209 $801,108 $561,816 $239,292
2018 $9,382 $785,400 $550,800 $234,600
2017 $9,322 $784,206 $588,745 $195,461
2016 $9,119 $768,830 $577,201 $191,629
2015 $9,019 $757,282 $568,531 $188,751
2014 $8,832 $742,449 $557,395 $185,054
Source: Public Records

Agents Affiliated with this Home

  • Alonso Magallanes

    Seller's Agent in 2016

    Alonso Magallanes

    OPTION ONE REALTY & INVESTMENT

    (626) 890-7214

    19 Total Sales

    Alonso Magallanes
    Section Image

  • J

    Buyer's Agent in 2016

    JAMES LAM

    EQUITABLE PROPERTY CAPITAL

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16022223

California Regional Multiple Listing Service (CRMLS)

APN: 5379-013-032

California Los Angeles County San Gabriel 91775

8944 Arcadia Ave, San Gabriel, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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