601 Windsor Road

Closed 9/24/18
Closed 9/24/18
Gallery Image 1
Sold
Last Sold Price
$1,890,000
8 beds7 baths4,388 sqft$431/sqft
601 Windsor Rd, Arcadia, CA 91007
Multi FamilyProperty Type
7,566 sq ftLot Size
1962Year Built
$431/sq ftPrice per sq ft
11 carsParking Spaces

Description

Extremely well maintained 5 unit apartment complex in a prime arcadia locale. Current rents are all below market leaving tremendous upside for a new owner who has owned the building since 1984. The total gross income annually is currently at $89,430 and the potential with rent increases is $117,600 which would offer a 5% CAP rate. The numbers include profit on the leased laundry which is only calculated at $40 per month, additional units could be added. All units have been remodeled throughout including...Extremely well maintained 5 unit apartment complex in a prime arcadia locale. Current rents are all below market leaving tremendous upside for a new owner who has owned the building since 1984. The total gross income annually is currently at $89,430 and the potential with rent increases is $117,600 which would offer a 5% CAP rate. The numbers include profit on the leased laundry which is only calculated at $40 per month, additional units could be added. All units have been remodeled throughout including new flooring, crown and base moldings, updated kitchens, remodeled bathrooms and more. The buildings exterior is in excellent condition offering a brick skirting around the front, new dual paned windows, shutters, rain gutters, exterior lighting, a newer roof and manicured with professionally landscaped grounds. Five covered parking spots, each with personal storage spaces in front of the units and 3 uncovered parking spaces. Interior photos of the units are shown in the photo slideshow.
  • Listed by: NICHOLAS ABBADESSA DRE #01398872 Brokerage DRE #01064901 • RE/MAX MASTERS REALTY
Listing closed: 09/24/2018 12:00 AM • Source: CRMLS, MLS#: CV18103230
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Location

Listing Courtesy of RE/MAX MASTERS REALTY, NICHOLAS ABBADESSA, DRE #01398872

Sold By Century 21 Excellence, Marina Ramirez-Lopez, DRE #01236771

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$11,752 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,607

Property Taxes

$2,145

HOA Dues

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Property Information for 601 Windsor Road

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • View: Neighborhood
  • Parking Spaces Total: 11
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 5.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 4388
  • Assessor Parcel Number: 5775-027-012
  • 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: 4388
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Fireplace: Yes
  • Pool: No
  • View: Yes
  • View: Yes
  • Zoning: ARR3YY
  • Senior Community: No
  • Parcel Number: 5775027012
  • Area: Arcadia (605)
  • Directions: Santa Anita to Wellman to Windsor
Building Information
  • Building/Complex: 601 Windsor Rd
  • Stories: 2
  • Year Built: 1962
Income / Expense / Tax Details
Income Details
  • Gross Income: $89,430
  • Gross Scheduled Income: $89,430
  • Net Operating Income: $60,265
  • Laundry Income: $480
  • Gross Multiplier: 21.23
  • Cap Rate: 3.18
Expense Details
  • Operating Expense: $29,165
  • New Taxes Expense: $23,735
  • Gardener Expense: $1,440
  • Fuel Expense: $0
  • Electric Expense: $840
  • Insurance Expense: $3,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $150
  • Total Expenses: $29,165
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Annual Amount: $24,997
  • Tax Tract Number: 17329
  • Tax Census Tract: 4307.21
  • Taxes Percent: 1.25%
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Disposal
  • Equipment: Community, Garbage Disposal, Room
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: Family Room
  • Fireplace Rooms: Family Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Laminate, Tile
  • Flooring: Laminate, Tile
Exterior Features
  • Window Features: Double Pane Windows
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Fence: Yes
  • Fence: Block
  • Fencing: Block
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard, Landscaped, Lawn
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Carport Attached
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 5
  • Parking Features: Assigned, Attached Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,800
  • Unit Type Total Rent: $1,800
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Range: 5
  • Number With Disposal: 5
  • Number Wall AC: 5

Property History for 601 Windsor Road

DateEvent & SourcePriceAppreciation
Sep 24, 2018

Sold

SDMLS #CV18103230

$1,890,000—
Sep 24, 2018

Sold

CLAW #CV18103230MR

$1,890,000—
Sep 24, 2018

Sold

CRMLS #CV18103230

$1,890,000—
DateEvent & SourcePrice
09/24/2018

Sold

SDMLS #CV18103230

$1,890,000
09/24/2018

Sold

CLAW #CV18103230MR

$1,890,000
09/24/2018

Sold

CRMLS #CV18103230

$1,890,000

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

Public Records for 601 Windsor Road

Taxable ValueLand$1,505,345Additions$645,145Total$2,150,490
Tax Record2025$25,745 ($2,145 / month)
Home Facts
Baths7Total Finished SqFt4,338 SqFtAbove Grade Finished SqFt4,338 SqFtStories2Lot Size7,566 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1962ZoningARR3YYCountyLOS ANGELESAPN5775-027-012

Schools near 601 Windsor Road

This home is within Arcadia Unified School District.
Rating
School
Type
Grades
Distance
Holly Avenue Elementary School
Public - K to 5
First Avenue Middle School
Public - 6 to 8
Arcadia High School
Public - 9 to 12
Rancho Learning Center (Alternative)
Public - K to 12
Rating
School
Distance
Holly Avenue 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 RE/MAX MASTERS REALTY, NICHOLAS ABBADESSA, DRE #01398872

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.