NOT LISTED FOR SALE

933 Arcadia Ave Arcadia, CA 91007

49 Beds
40 Baths
28,022 Sq Ft
37,893 Sq Ft Lot

Last Sold April 27, 2022

Last sale price $9,500,000 $339 Per Sq Ft

9 Days on Market

Highlights

  • In Ground Pool
  • 37,893 Sq Ft lot
  • Central Heating and Cooling System
  • Baldwin Stocker Elementary School Rated A+
  • Tile Flooring
  • 4-minute walk to Tripolis Friendship Park

About This Home

As of April 2022

CBRE, Inc. is proud to exclusively present Shalimar Apartments in the city of Arcadia. Shalimar, true to its namesakes, "a garden of great beauty" and an "abode of light," is located at 933 Arcadia. Constructed in 1962 on an oversized 37,893 square foot R3 lot, Shalimar Apartments is a two-story, 20 unit multifamily property, with a total building size of 28,022 square feet. The well-maintained, controlled access property with intercom entry offers mature landscaping, a lush courtyard setting with beautiful water features, a gated pool, an on-site laundry facility, ample storage areas, and 29 covered parking spaces. The property is separately metered for gas and electric and serviced by individual water heaters. Offered for the first time in over four decades, Shalimar Apartments boasts an excellent unit mix of one two-bedroom/one-and-one-half-bathroom unit, ten two-bedroom/two-bathroom units, and nine three-bedroom/two-bathroom units. Units are generously sized with an average unit size of 1,350 SF.

Last Agent to Sell the Property

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/09/2022

Last Buyer's Agent

Priscilla Nee

CB Richard Ellis, Inc. License #01435254 Listed on: 02/09/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.87

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 28,022 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 49 Bedrooms
  • 40 Bathrooms

Parking

  • 29 Parking Spaces
  • Covered Parking

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • In Ground Pool
  • 37,893 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for pool service, water, gardener
  • Assessor Parcel Number 5783-004-026

Community Details

Recreation

  • Community Pool

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0.87 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 28022
  • Manager Expense: 21000.00
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Tile, Vinyl, Carpet
  • Appliances: Electric
  • Bedrooms: 49
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 40.00
  • Equipment: Dishwasher, Ceiling Fan
  • Price Per S Q F T: 333.67

Exterior Features

  • Construction: Frame, Stucco, Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool Expense: 2125.00
  • Pool: Yes
  • Roof: Composition, Flat, Shingle
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 29

Utilities

  • Water Heater: Electric
  • Cooling: Central
  • Electric Expense: 3847.00
  • Heating: Central
  • Water Expense: 7214.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 819.00
  • Insurance Expense: 10605.00
  • Maintenance Expense: 14000.00
  • Management Expense: 19934.00
  • Other Expense: 4000.00
  • Trash Expense: 7646.00

Lot Info

  • Assessor Parcel Number: 5783-004-026
  • Lot Size Area: 37893

Rental Info

  • Owner Pays: Pool Service, Water, Gardener
  • Tenant Pays: Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.31
  • Number Of Units: 20
  • Type Of Units: Multifamily

Tax Info

  • Tax Expense: 105569.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2022 04/27/22 Sold $9,500,000 +1.6% $339 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $9,350,000 -- $334 / Sq Ft
Source: The MLS

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 $113,556 $10,081,475 $8,065,180 $2,016,295
2024 $113,556 $9,883,800 $7,907,040 $1,976,760
2023 $111,199 $9,690,000 $7,752,000 $1,938,000
2022 $81,507 $7,054,015 $5,643,213 $1,410,802
2021 $24,119 $1,681,949 $369,243 $1,312,706
2020 $23,854 $1,665,803 $365,457 $1,300,346
2019 $24,422 $1,633,163 $358,292 $1,274,871
2018 $22,455 $1,601,163 $351,267 $1,249,896
2016 $21,527 $1,537,932 $337,628 $1,200,304
2015 $21,166 $1,514,832 $332,557 $1,182,275
2014 $21,009 $1,485,159 $326,043 $1,159,116
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-123833

The MLS
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