$1,250,000
●
Condo -
Off Market
723 Fairview Avenue #A
Arcadia, CA 91007
3 Beds
3 Baths
2,072 Ft²
$6,824
Est. Monthly
$205
HOA / Fees
3.36%
Cap Rate
About This Property
This exceptional two-story home is located in the highly desirable
Arcadia area. As the front, south-facing unit in a gated community,
it features a well-designed and spacious floor plan. The bright
living room boasts high ceilings and a cozy fireplace, while the
family room opens to a private backyard through sliding glass
doors. The large kitchen comes equipped with built-in appliances.
The first floor is highlighted by beautiful maple hardwood floors,
and a formal dining room has been converted into a fourth bedroom
with a full bathroom. Upstairs, you'll find the master bedroom, two
additional spacious bedrooms, and a generous loft area.
Conveniently located near schools, shopping centers, markets, and
with easy access to the freeway, this home offers both comfort and
convenience.
Unit Size
2,072 Ft²
Days on Market
44 days
Land Size
1.60 acres
Price per sqft
$651
Property Type
Condo
Property Taxes
-
HOA Dues
$205
Year Built
-
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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: 2 years ago (CRMLS #AR24218499)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Nov 5, 2024 | In contract | - | |
| In contract | |||
| Oct 21, 2024 | Listed by Treeline Realty & Investment | $1,348,000 | |
| Listed by Treeline Realty & Investment | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Bathrooms on Main Level: 1
Levels: Two
Interior Features: High Ceilings, All Bedrooms Up
Appliances: Gas Cooktop, Gas Water Heater
Living Area Square Feet Source: Assessor
Laundry Features: In Garage
Has Fireplace
Living Room
Exterior Details
Year Built: 1999
Parcel Number: 5783013081
Home Type: Residential
Structure Type: House
Pool Features: None
Lot Size Source: Assessor
Lot Size Acres: 1.6021
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
Association Amenities: Trash
Association Fee: $205
Association Fee Frequency: Monthly
Community Features: Sidewalks
High School District: Arcadia Unified
Directions: East of Sunset and West of Baldwin Ave. South of Huntington
Other Details
Listing Terms: CashToNewLoan
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/21/2024
|
3 Bed
|
3 Bath
|
2072 ft²
|
$1,348,000
3 Bed
3 Bath
2072 ft²
|
$1,250,000
-7.27%
12/05/2024
|
Jason Guo
Treeline Realty & Investment
|
Building Info
About Arcadia
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Listed by: Jason Guo, Treeline Realty & Investment
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR24218499
Last Updated: 2 years ago
Data Source: CRMLS, MLS# AR24218499
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