1137 W Duarte Rd

18
Baths
15,049 Sq. Ft.
$372 / Sq. Ft.
15,049
Sq. Ft.
$372
per Sq. Ft.

Description

Located in a highly desirable area of Arcadia, a prime 18 unit investment opportunity! This well-maintained property has a great unit mix of 16 (sixteen) spacious 2 bedroom, 1 bathroom units and 2 (two) 1 bedroom, 1 bathroom units. With no rent control and current rents well below market, this offers an investor the opportunity to add value and increase the rental income. Other features include 20 covered on-site parking spaces & 4 uncovered spaces, a lot size over 28,000 square feet, a swimming...Located in a highly desirable area of Arcadia, a prime 18 unit investment opportunity! This well-maintained property has a great unit mix of 16 (sixteen) spacious 2 bedroom, 1 bathroom units and 2 (two) 1 bedroom, 1 bathroom units. With no rent control and current rents well below market, this offers an investor the opportunity to add value and increase the rental income. Other features include 20 covered on-site parking spaces & 4 uncovered spaces, a lot size over 28,000 square feet, a swimming pool, pitched roofs and neither structure requires soft-story retrofit! The excellent location is just a 5-minute walk to Ranch 99 Market, VONS grocery store and is a short drive to the bustling Westfield Santa Anita Mall! Arcadia is currently ranked as the second-best public school district in the County, making it a highly desirable rental city with a low vacancy rate due to stable family tenants.
  1. Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 1137 West Duarte Road

Zoning
ARR3YY
Parcel Number
5379022019
Total Units
18.0
Living Area
15049
Source Living Area
Assessor
Area
Arcadia (605)
Vacancy Rate
3%
Lot Size Area
28217
LISTING CLOSED: 07/17/2019 12:00 AM

Property Details for 1137 West Duarte Road

StatusSold
MLS #19-444298
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.65 AC / 28,217 SF
CountyLos Angeles County

Location

Listing Courtesy of Realty Investment Advisors, Inc., Alexander Metaxas, DRE #01784652

Sold By Realty Investment Advisors, Inc., Alexander Metaxas, DRE #01784652

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Building Information for 1137 West Duarte Road

Stories2Residences-Year Built1958Building Size-Lot Size0.65 AC / 28,217 SF

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$34,108 per month

30 year fixed, 6.36% Interest

Principal and Interest

$27,905

Property Taxes

$6,203

HOA Dues

$0

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Property Information for 1137 West Duarte Road

Community / Development
Community / Development
  • Number Of Units: 18
  • Association Amenities: Other
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Cap Rate: 3.05%
  • Gross Rent Multiplier: $17.48
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 28217
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Above Street Level, Assigned, Driveway - Combination, Garage, On street, Uncovered
  • Total Parking: 24
  • Parking Features: Assigned, Uncovered, Garage, Driveway - Combination, Street
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Ceiling Fan, Wall/Window
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 03-14-2019
  • Rent Control: 0%
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,476.00
  • Unit Actual Rent: $23,630.00
  • Unit Projected Rent: $30,400.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,561,469.00
  • Assessed Land Value: $824,327.00

Property History for 1137 West Duarte Road

DateEvent & SourcePriceAppreciation
Jul 17, 2019

Sold

CRMLS #19444298

$5,600,000
Jul 17, 2019

Sold

SDMLS #19444298

$5,600,000
Jul 17, 2019

Sold

CLAW #19-444298

$5,600,000
DateEvent & SourcePrice
07/17/2019

Sold

CRMLS #19444298

$5,600,000
07/17/2019

Sold

SDMLS #19444298

$5,600,000
07/17/2019

Sold

CLAW #19-444298

$5,600,000

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

Public Records for 1137 West Duarte Road

Taxable ValueLand$4,287,091Additions$1,837,323Total$6,124,414
Tax Record2025$74,440 ($6,203 / month)
Home Facts
Baths18Total Finished SqFt15,049 SqFtAbove Grade Finished SqFt15,049 SqFtStories2Lot Size28,217 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1958ZoningARR3YYCountyLOS ANGELESAPN5379-022-019

Schools near 1137 West Duarte Road

This home is within Arcadia Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Baldwin Stocker Elementary School
PublicK to 5

First Avenue Middle School
Public6 to 8

Arcadia High School
Public9 to 12

Rancho Learning Center (Alternative)
PublicK to 12

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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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 Realty Investment Advisors, Inc., Alexander Metaxas, DRE #01784652

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.