34.128487 -118.05262

628 Fairview Avenue ARCADIA, CA 91007

279089721 34.128487 -118.05262 124 /listing/279089721-150177715/628-fairview-avenue-arcadia-ca-91007 False 0 7700000.0 105 AR20177050 False
  • $7,700,000
  • 28,906 lot
  • Est payment $41335.26/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Arcadia

The Empress, a 15-unit pride-of-ownership luxury apartment building with an excellent location in the highly desirable City of Arcadia, CA. The property is unique due to its superb unit mix, large lot size and a superb location. The property has been extensively upgraded to its current immaculate condition. There are several units that have not been fully upgraded which provides a good upside potential for investor to increase cash flow and value. It is situated on a large lot size that spans from Fairview Ave all the way to another street (Arcadia Ave). The property offers central A/C and heating for each unit, vaulted ceilings, and townhouse style on some units. Each unit is large with an excellent floor plan and large patio. Most of the 3bedroom units are around ±1,550SF in size and the smaller units are around ±1,300SF (including private patio/balcony-buyer to verify!). Many units have floor to ceiling glass windows and sliding doors, each unit is individually metered for electricity and gas, and have individual water heater. All the 2bedroom units have a den space off the kitchen area that could be easily converted into a third bedroom. Five (5) of the units are townhouse style, with 2 levels, a patio, and a balcony on the second level. On the second level, the units have vaulted ceilings with open beams adding to the airy feel and spacious character.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 28,906 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1961
  • Floors: 2
  • County: LOS ANGELES
  • Units: 15
  • Zoning: ARR3YY
  • MLS Number:AR20177050

Additional Features

  • Cooling:
    • Central Air
  • Flooring:
    • See Remarks
  • Laundry:
    • Common Area
    • Community
  • Fireplace:
    • None
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • Roof:
    • Shingle
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Front Yard
    • Landscaped
    • Level with Street
    • Lot 20000-39999 Sqft
    • Near Public Transit
    • Park Nearby
    • Rectangular Lot
    • Value In Land
  • Pool Features:
    • Community
    • In Ground
  • Spa:
    • None
  • Carport Spaces:
    • 19.00
  • Parking:
    • Assigned
    • Carport
    • Community Structure
    • Controlled Entrance
    • Covered
    • Detached Carport
    • Off Street
    • Paved
  • Parking Spaces:
    • 28.00
  • Electric:
    • Standard
  • Heating:
    • Central
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Community Features:
    • Suburban
    • Valley
  • Number of Buildings:
    • 2
  • Gross Income:
    • 420379.00
  • Net Operating Income:
    • 297467.00
  • CDOM:
    • 14
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • DOM:
    • 14
  • Fuel Exp:
    • 432.00
  • Gross Operating Income:
    • 426619.00
  • Insurance Expense:
    • 7556.00
  • Listing Key:
    • 364689271
  • Lot Size Acres:
    • 0.6636
  • Lot Size Square Feet:
    • 28906.00
  • Operating Expense:
    • 129152.00
  • Price Per Unit:
    • 513000
  • Tax ID:
    • 5778006002
  • Total Expenses:
    • 129152.00
Neighborhood info courtesy of Homes.com © 2020

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$38,769.95*
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Jerry Thomas
Jerry Thomas
Broker Associate
27111 Camino de Estrella Capistrano Beach CA 92624
34.128487 -118.05262

628 Fairview Avenue ARCADIA, CA 91007

279089721 34.128487 -118.05262 124 /listing/279089721-150177715/628-fairview-avenue-arcadia-ca-91007 False 0 7700000.0 105 AR20177050 False
  • $7,700,000
  • 28,906 lot
  • Est payment $41335.26/mo