1116-1118 West Duarte Road

Closed 8/10/23
Closed 8/10/23
Gallery Image 1
Last Sold Price
$2,880,000
5 beds7 baths4,977 sqft$579/sqft
1116-1118 W Duarte Rd, Arcadia, CA 91007

Description

First Time For Sale Since 1977! 1116-1118 W Duarte Rd., an exceptional investment opportunity in the highly sought-after city of Arcadia, California. This property is being offered for sale for the first time since 1977, making it an extraordinary find for astute investors seeking stable income and long-term appreciation potential in a mature and one of the most desirable locations in San Gabriel Valley. The property is unique and rare; a ranch style pride-of-ownership single-story property with...First Time For Sale Since 1977! 1116-1118 W Duarte Rd., an exceptional investment opportunity in the highly sought-after city of Arcadia, California. This property is being offered for sale for the first time since 1977, making it an extraordinary find for astute investors seeking stable income and long-term appreciation potential in a mature and one of the most desirable locations in San Gabriel Valley. The property is unique and rare; a ranch style pride-of-ownership single-story property with a 3bed+2bath house in the back and five 2bed+1bath apartments. It is in the heart of the City of Arcadia, and does not have any local rent control, providing maximum flexibility and rent increases capabilities (under California AB1482). It is located within the highly desirable Temple City School District and surrounded by many newer townhouses and condominiums and offers an excellent demographics of ±$123,546 average household income within a mile radius! Tenants enjoy its proximity to Santa Anita Mall and Santa Anita Park and its walking distance to school, shopping, groceries, and other amenities both Arcadia and Temple City have to offer. The property is situated on a large 16,086 square feet lot (R3 zoned) and was built in 1960. It is a single-story bungalow style apartment with an excellent unit mix of one (1) x 3bedroom+2bathroom house in the back, and five (5) x 2bedroom+1bathroom units. The back house has been upgraded in 2008, has its own laundry hookups and machines, central HVAC, and has semi-private front patio area. Each of the remaining 5 units has its own private patio. The property has double pane windows throughout and a shared laundry room (laundry lease). The property is separately metered for electricity and gas, windows A/C, wall heater, and individual water heater. There is a total of 11 parking spaces which are provided by 6 detached carports in the back and 5 open spaces. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).
LISTING CLOSED: 08/10/2023 12:00 AM

  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade

Property Details for 1116-1118 West Duarte Road

Status
Closed
MLS #
AR23118910
Days on Market
21
Pet Policy
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Res Income 2-4 Units
Year Built
1960
County
Los Angeles County
Architectural Style
Ranch
Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4977
Assessor Parcel Number
5382-001-046
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
4977
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Fireplace
No
Pool
No
Spa
No
Association
No
Association Fee
$.00
Zoning
ARR3YY
Senior Community
No
Neighborhood
central Arcadia near Baldwin Ave
Parcel Number
5382001046
Area
Arcadia (605)
Directions
southeast side of Duarte Rd and Temple City Blvd/Sunset Blvd, south of Huntington Dr
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Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

Sold By GIG Real Estate Inc., Handoko Chen, DRE #01749321

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Building Information for 1116-1118 West Duarte Road

Building/Complex1116-1118 W Duarte RdFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built1960Building Size-

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Property Information for 1116-1118 West Duarte Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Gross Spendable Income: $0
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Laundry Income: $0
  • Gross Multiplier: 0.0
  • Cap Rate: 0.0
  • Current Financing: None
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Operating Expense Percent: .00%
  • New Taxes Expense: $32,174
  • Gardener Expense: $0
  • Fuel Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $2,800
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 0
  • Tax Census Tract: 4318.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Laminate, Stone, Tile, Vinyl, Wood
  • Flooring: Laminate, Stone, Tile, Vinyl, Wood
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Asbestos Shingle
  • Entry Location: ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Direction Faces: North
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
  • Parking Features: Assigned
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6
  • Number Wall AC: 6

Property History for 1116-1118 West Duarte Road

DateEvent & SourcePriceAppreciation
Aug 10, 2023

Sold

SDMLS #AR23118910

$2,880,000—
Aug 10, 2023

Sold

CRMLS #AR23118910

$2,880,000—
Aug 10, 2023

Sold

CLAW #AR23118910MR

$2,880,000—
DateEvent & SourcePrice
08/10/2023

Sold

SDMLS #AR23118910

$2,880,000
08/10/2023

Sold

CRMLS #AR23118910

$2,880,000
08/10/2023

Sold

CLAW #AR23118910MR

$2,880,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1116-1118 West Duarte Road

This home is within Temple City Unified School District.
Rating
School
Type
Grades
Distance
Longden Elementary School
Public - K to 6
Oak Avenue Intermediate School
Public - 7 to 8
Temple City High School
Public - 9 to 12
Cloverly Elementary School
Public - 4 to 6
Rating
School
Distance
Longden Elementary School
PublicK to 6

Oak Avenue Intermediate School
Public7 to 8

Temple City High School
Public9 to 12

Cloverly Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1116-1118 West Duarte Road, Arcadia, CA 91007
$2,880,000
5
7
4,977
16,082
1112 West Duarte Road, Arcadia, CA 91007
–
2
–
–
6,428
1128 West Duarte Road, Unit I, Arcadia, CA 91007
$550,000
2
2
1,370
–
1128 West Duarte, Unit I, Arcadia, CA 91007
$550,000
2
1,370
–
1128 West Duarte Road, Unit G, Arcadia, CA 91007
$535,000
2
1,350
–
1128 Duarte Road, Unit D, Arcadia, CA 91007
$515,000
2
2
1,336
–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.