$1,900,000
●
Land -
Off Market
225 -229 E Longden Avenue
Arcadia, CA 91007
Studio
0 Bath
$2,413,043
RealtyHop Estimate
1.39%
Since Jul 1, 2023
CA-Los Angeles
Primary Model
About This Property
This is an excellent opportunity for developer, investor or
homeowner's dream to design & build your dream home or a new ADU
and Junior ADU! This 25,236 SF Lot had been successfuly
subdivided into 2 parcels (each lot is 12,618 SF), and are located
in the heart of Arcadia with an award-winning school district.
On this 25,236 SF lot, it is ready for the new owner to
design and potentially bulid a two custom houses, each 5,678 SF,
including 1,000 SF ADU & 500 SF Junior ADU, and 3 cars 600 SF
garage & designed garden. Don't miss out this rare
opportunity! Buyer shall verify with the City for the
approved plan and use.
Unit Size
-
Days on Market
35 days
Land Size
0.58 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1941
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (CRMLS #AR23073517)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2023 | No longer available | - | |
| No longer available | |||
| Jul 2, 2023 | In contract | - | |
| In contract | |||
| Jun 12, 2023 | Listed by RE/MAX Premier Properties | $1,980,000 | |
| Listed by RE/MAX Premier Properties | |||
| | |||
|
Take advantage of this tremendous opportunity to purchase a dream lot in the prestigious Baldwin Stocker area of Arcadia. Surrounded by multi million dollar mansions. This large flat lot of 26,810 sq. ft. offers a frontage of 100 feet and a depth of 270 feet. This is a Family Trust sale, first time on the market in over 63 years! A well-loved home in need of some TLC, offers 3 bedrooms and 2 bathrooms in 1,959 sq. ft. of living area. The value is in the land, to build your dream home or remodel. There is also a 3 car garage plus a workshop. The very long driveway accommodates multiple cars and RV parking. The backyard features a big shaded patio area, perfect for family BBQ’s. The spacious, park-like backyard has many mature fruit trees. This is an excellent location, incredible value and within the award winning Arcadia school district. Convenient location to schools, near by parks, retail, dining, entertainment, a hospital and the L.A. Arboretum. Property to be sold in “As Is” and “Where Is” condition. No repairs, no termite clearance. The manager has listed the unit size as 1959 square feet.
| |||
| Jun 5, 2023 | Sold | ||
| Sold | |||
| Apr 30, 2023 | Listed by Treeline Realty & Investment | $2,380,000 | |
| Listed by Treeline Realty & Investment | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Arcadia
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Listed by: Katherine Quach, Treeline Realty & Investment
Last Updated: 6 months ago
Data Source: CRMLS, MLS# AR23073517
Last Updated: 6 months ago
Data Source: CRMLS, MLS# AR23073517
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