Sold
Last Sold Price
34 beds18 baths15,049 sqft

1137 W Duarte Rd, Arcadia, CA 91007

Multi FamilyProperty Type
0.65 acresLot Size
1958Year Built
$372/sq ftPrice per sq ft
24 carsParking Spaces

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.
  • Listed by: Alexander Metaxas DRE #01784652 Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Listing closed: 07/17/2019 12:00 AM • Source: CLAW, MLS#: 19-444298
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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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$36,099 per month

30 year fixed, 7.03% Interest

Principal and Interest

$29,896

Property Taxes

$6,203

HOA Dues

$0

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Property Information for 1137 West Duarte Road

Property Details

  • MLS Type: Residential Income
  • 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
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 5379-022-019
  • Directions: Fantastic Location, close to Ranch 99 Market, VONS & Westfield Santa Anita

Building Information

  • Stories: 2
  • Year Built: 1958
  • Lot Size: 0.65 AC / 28,217 SF

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

SDMLS #19444298

$5,600,000—
Jul 17, 2019

Sold

CRMLS #19444298

$5,600,000—
Jul 17, 2019

Sold

CLAW #19-444298

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

Sold

SDMLS #19444298

$5,600,000
07/17/2019

Sold

CRMLS #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 Value

Land

$4,372,832

Additions

$1,874,069
Total$6,246,901

Tax Record

2025

$74,440 ($6,203 / month)

Home Facts

Baths

18

Total Finished SqFt

15,049 SqFt

Above Grade Finished SqFt

15,049 SqFt

Stories

2

Lot Size

28,217 SqFt

Style

Multi-Family Dwelling (2-4)

Year Built

1958

Year Renovated

1958

Zoning

ARR3YY

County

LOS ANGELES

APN

5379-022-019

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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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.