This 12 unit apartment building is conveniently located to your local grocery stores including a Pavilions Market and 99 Ranch Market, restaurants and in the Arcadia area and within walking distance to the post office and your local neighborhood banks. Building has a swimming pool and also hook-ups for laundry facilities (washer and dryer) on site. Market pricing in this area is very competitive. Building is newly painted and has also undergone a complete copper re-piping (vertical and horizontal) in 2004. Property is sold as is. All offers are subject to inspection. (Broker is related to Seller. )
Multi-familyProperty Type
1960Year Built
0.38 acresLot Size
$226Price/Sq.Ft.
20 spacesParking
Listed by ERNIE LOO•DRE #01425787• ERNIE LOO
Bought with ERNIE LOO•DRE #01425787• ERNIE LOO
Bought with MICHAEL NG•DRE #01249706• IDEAL REALTY
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
—
Year built
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Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5783005035
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 25, 2023.
R-3
High Density Residential Zone
The R-3 zone is intended to provide areas for a variety of medium- to high-density residential development and accessory uses compatible with the residential use of the zone. Types of dwelling units include single-unit attached, townhomes, condominiums, and apartment structures at a density of 20 to 40 units per acre. This zone implements the General Plan High Density Residential designation.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Sports arena / stadium
Communications tower
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 12
Carport Attached
Has Parking
# of Parking Spaces: 20
Interior
Laundry Information
Has Laundry
Community
Cooling Information
Wall Window
Has Cooling
Interior Features
Levels: Two
Expenses
Trash: $2,630
Pool: $1,080
Insurance: $3,403
Water Sewer: $2,061
Electric: $1,366
New Taxes: $15,352
Gardener: $720
Multi-Unit Information
# of Units With Range: 12
# of Units With Disposal: 12
# of Units With Carpet: 12
Net Operating Income: $107,134
Total Building Area: 8,838
Gross Scheduled Income: $141,480
Gross Multiplier: 16.03
Gross Income: $11,740
Laundry Equipment Own or Lease: Own
# Of Leased Units: 12
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 12
# Of Separate Electric Meters: 12
# Of Buildings: 1
Vacancy Allowance Rate: 3
# of Wall AC: 12
Vacancy Allowance: 4244
Exterior
Exterior Information
Roof: Shingle
Construction Materials: Frame, Stucco
Exterior Features
Pool Features: Fenced, In Ground
Has Pool
Lot Information
Lot Size Source: Assessor's Data
Lot Features: Lawn
Property Information
Total # of Units: 12
Parcel Number: 5783005035
Financial
Lease / Rental Details
Operating Expense: $30,102
Total Actual Rent: $140,160
Location
Homeowners Association
Association Amenities: Pool
Location Information
Latitude: 34.12553300
Longitude: -118.05855800
Other Subdivision Name: OTHR
Subdivision Name: OTHR
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Los Angeles County
APN: 5783005035
Home facts updated by county records on May 25, 2023
Other
Listing Information
Days Active in MLS: 84
Continuous Days Active in MLS: 84
Listing Agent Information
List Agent First Name: ERNIE
List Agent Last Name: LOO
Listing Office Information
List Office Name: ERNIE LOO
Selling Agent Information
Buyer Agent First Name: ERNIE
Buyer Agent Last Name: LOO
Co-Buyer Agent First Name: MICHAEL
Co-Buyer Agent Last Name: NG
Selling Office Information
Buyer Office Name: ERNIE LOO
Co-Buyer Office Name: IDEAL REALTY
Around this home
Schools
Baldwin Stocker Elementary School
Public K-5 • Assigned • 0.9mi
9/10
First Avenue Middle School
Public 6-8 • Assigned • 1.9mi
8/10
Arcadia High School
Public 9-12 • Assigned • 1.3mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...