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$1,089,250Estimated home value

Beds
3
Baths
2.0
sq ft
1,307

9861 E Lemon Ave, Arcadia, CA 91007

9861 E Lemon Ave

Arcadia, CA 91007

  • Off market
Welcome to the market, E. Lemon Ave. Discover this exceptional single family residence with multiple units, tailored for investors seeking lucrative residential income. Aside from providing tenants with comfortable living spaces each unit generates a stable income. Located in a high-demand area, this property has a strategic location. This property presents a golden opportunity to expand your portfolio and secure passive income. Located in a charming neighborhood of Arcadia, the property offers easy access to local amenities and attractions. Conveniently located less than half a mile from local grocery stores and dining options making errands a breeze. Students and their families will appreciate it's proximity to the schools, ensuring a quick commute. Public transportation is just within half a mile, ensuring easy commutes or weekend adventures. For those who enjoy the thrill of horse racing, the Santa Anita Race Track is a mere two miles offering entertainment and excitement within reach. Take advantage of this opportunity to call this well-located property home!

Details

Property type

Single Family Residence

Est. home value

$1,089,250

Lot size

8,998 sq ft

Price per sq ft

$1,215

Year built

1962

Price History

08/03/2024
CRMLS

CRMLS #IV24062021

Removed
$1,588,000
04/06/2024
CRMLS

CRMLS #IV24062021

Listed
$1,588,000
+17.63%
02/09/2024
CRMLS

CRMLS #CV23226980

Removed
$1,350,000

Schools & Community

Elementary school: 

Longden

Middle school: 

Oak Ave

High school: 

Temple City

Community features: 

Curbs, Golf, Park, Street Lights, Sidewalks

High school district: 

Temple City Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Metlife Home Loans

Loan start date

November 2009

Original loan amount

$847,500

Est. remaining balance

Not provided

Interest rate

4.94%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 81 year

Seller

Carmen Larrain and Carmen Larrain Living Trust

Lender

World Savings Bank Fsb

Loan start date

July 2007

Original loan amount

$30,000

Est. remaining balance

Not provided

Interest rate

6.74%

Loan type

Credit Line (Revolving), 30 year

Seller

Carmen Larrain and The Carmen Larrain Living Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 5:05 PM

Listing updated: 08/01/2024 at 11:36 AM

Listed by: BRITTANI WORDEN, FIRST TEAM REAL ESTATE Phone #: (949) 988-3000

MLS: CRMLS #IV24062021

CRMLS logo

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