1132 West Duarte Road

Arcadia, CA 91007

$9,250,000
Price
7
Beds
30
Baths
19,432 Sq. Ft.
$476 / Sq. Ft.
19,432
Sq. Ft.
$476
per Sq. Ft.

Description

Priced at 4.07% CAP Rate and Low Price/SF for the area, A Pride-of-Ownership value-add investment opportunity in the highly sought-after city of Arcadia (NO Local Rent Control). Offered at a high CAP Rate and Proforma CAP Rate close to 6%, this property is being offered for sale for the first time since 1986. The property is a garden style pride-of-ownership 2-story property with an excellent unit mix of mostly oversized 3bedrooms units and several large 1bedroom units. It is located within the highly...Priced at 4.07% CAP Rate and Low Price/SF for the area, A Pride-of-Ownership value-add investment opportunity in the highly sought-after city of Arcadia (NO Local Rent Control). Offered at a high CAP Rate and Proforma CAP Rate close to 6%, this property is being offered for sale for the first time since 1986. The property is a garden style pride-of-ownership 2-story property with an excellent unit mix of mostly oversized 3bedrooms units and several large 1bedroom units. 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 ±$123,449 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 has a total of 19,432 SF building size which translates to ±971sf average unit size, is situated on a large 30,379 square feet lot (R3 zoned) and was built in 1962. It has been very well maintained without any known deferred maintenance; it has a brand-new roof (replaced in 2021), well-manicured landscaping, fenced swimming pool, and security cameras system. It offers an excellent unit mix of ten (10) x 3bedroom+2bathroom, two (2) x 3bedroom+1bathroom, and eight (8) x large 1bedroom+1bathroom units. Each unit is large and bright with central heating, windows A/C, and ceiling fans. Some units have upgraded kitchen and upgraded bathroom. Four units have private patio, and two units have small private backyard. The property is separately metered for electricity and gas, has a master water heater, and shared laundry room (leased). There is a total of 30 parking spaces which are provided by 10 open spaces + 13 detached carport spaces + 7 tuck-under parking. There is an additional parking space that has been converted into the owner’s storage room and a 2nd storage room near the laundry area. The large lot provides clear opportunity for future development, condo conversions or for Additional Dwelling Units (ADU).
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495

Property Details for 1132 West Duarte Road

View
Mountain(s)
Parking Spaces Total
30
Private Pool
No
Cooling Type
Wall/Window
Total Units
20.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
19432

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute
LISTING UPDATED: 04/16/2024 08:01 AM

Property Details for 1132 West Duarte Road

StatusActive
MLS #AR24030166
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Location

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

Building Information for 1132 West Duarte Road

Building/Complex1132 W Duarte RdFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Payment Calculator

$53,197 per month

30 year fixed, 7.25% Interest

Principal and Interest

$50,481

Property Taxes

$2,716

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1132 West Duarte Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $554,820
  • Gross Scheduled Income: $554,820
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $543,724
  • Net Operating Income: $376,012
  • Laundry Income: $3,000
  • Gross Multiplier: 16.67
  • Cap Rate: 4.07
  • Current Financing: None
Expense Details
  • Operating Expense: $167,712
  • Operating Expense Percent: 31.00%
  • New Taxes Expense: $99,466
  • Gardener Expense: $3,000
  • Fuel Expense: $2,000
  • Pest Control Expense: $815
  • Pool Expense: $2,400
  • Electric Expense: $4,000
  • Insurance Expense: $8,737
  • Maintenance Expense: $10,000
  • Professional Management Expense: $9,000
  • Trash Expense: $7,000
  • Water Sewer Expense: $12,000
  • Total Expenses: $167,712
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 0
  • Tax Census Tract: 4318.00
  • CFD/Mello-Roos Fee: $5,158
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: 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
  • Heating: Wall Furnace
Exterior Features
  • Roof: Asbestos Shingle
  • Entry Location: 1
  • Pool Features: Community
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: Landscaped, Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Direction Faces: North
  • Number Of Units: 20
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • 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, Driveway
  • Uncovered Spaces: 20
  • Open Other Spaces Total: 20
  • Parking Garage Spaces: 0
  • Carport Spaces: 10
  • Parking Features: Assigned, Driveway, Asphalt
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 10
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,574
  • Unit Type Total Rent: $25,740
  • Unit Type Pro Forma: 34000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $4,400
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,981
  • Unit Type Total Rent: $15,845
  • Unit Type Pro Forma: 19200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 20
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 21
  • Number Of Separate Gas Meters: 21
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 20
  • Number With Refrigerator: 20
  • Number With Disposal: 20
  • Number Wall AC: 20

Property History for 1132 West Duarte Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1132 West Duarte Road

Taxable ValueLand$650,791Additions$1,765,661Total$2,416,452
Tax Record2023$32,590 ($2,716 / month)
Home Facts
Total Finished SqFt19,432 SqFtAbove Grade Finished SqFt19,432 SqFtLot Size30,379 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningARR3YYCountyLOS ANGELESAPN5382-001-043

Schools near 1132 West Duarte Road

This home is within Temple City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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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1132 West Duarte Road is a multi-family home for sale in Arcadia, CA 91007. This property was listed for sale on February 12, 2024 by Growth Investment Group Pasade, it's currently listed at $9,250,000. This listing's school district is Temple City Unified School District. Nearby schools include Longden Elementary School, Oak Avenue Intermediate School and Temple City High School. 1132 West Duarte Road is a 7-bed, 30-bath, 19,432 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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.