$1,825,000
●
House -
Off Market
345 W Lemon Avenue
Arcadia, CA 91007
3 Beds
1 Bath
1,680 Ft²
$2,734,280
RealtyHop Estimate
45.44%
Since Jan 1, 2020
CA-Los Angeles
Primary Model
About This Property
Here is an excellent opportunity to build your ultimate dream home
on a large, flat 20,851 sq.ft. lot (100X204). Located on a
quiet, tree lined street with mountain view in the highly
desirable Baldwin Stocker Area. This perfectly rectangular, south
facing lot, is situated on one of the most prestigious streets,
mid-block surrounded by many custom estates. This property is a
tremendous value in an ideal location and hasn't been on the market
for over 50 years! Truly a one-of-a-kind property in the
distinguished Arcadia School District. Convenient to Baldwin
Stocker School, grocery stores, restaurants, parks, the L.A.
Arboretum, Santa Anita race track, Westfield shopping mall and
public transportation. This property is being sold as land value.
Seller will not perform any repairs, replacements or termite work.
Loan or appraisal contingency will not be accepted. Don't miss this
fantastic opportunity.
Unit Size
1,680 Ft²
Days on Market
33 days
Land Size
0.48 acres
Price per sqft
$1,119
Property Type
House
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: 5 months ago (CRMLS #AR19258417)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 9, 2024 | Listed by ReMax 2000 Realty | $2,200,000 | |
| Listed by ReMax 2000 Realty | |||
| | |||
|
Here is an excellent opportunity to build your ultimate dream home on a large, flat 20,851 sq.,ft. lot (100X204). Located on a quiet, tree lined street with mountain view in the highly desirable Baldwin Stocker Area. This perfectly rectangular, south facing lot, is situated on one of the most prestigious streets, mid-block surrounded by many custom estates. This property is a tremendous value in an ideal location! Truly a one-of-a kind property in the distinguished Arcadia School District. Convenient to Baldwin Stocker School, grocery stores, restaurants, parks, the L.A. Arboretum, Santa Anita racetrack, Westfield shopping mall and public transportation. This property is being sold as land value. Seller will not perform any repairs, replacements or termite work. Loan or appraisal. Don't miss this fantastic opportunity.
TENANTS OCCUPIED TILL END OF SEPTEMBER, SHOW BY APPOINTMENT ONLY.
| |||
| Dec 9, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Arcadia
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Pauline Cheng, Re/Max Premier Prop Arcadia
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19258417
Last Updated: 5 months ago
Data Source: CRMLS, MLS# AR19258417
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