34 Fano Street

    Arcadia, CA 91006
    • $3,950,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 19500788
    UPDATED: 223 min ago
    $3,950,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,712
      SQFT
    • $407
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Built in 1962, 34-38 Fano Street is a two-story, 10 unit property on a ++G++G+-16,028 square foot R3 double lot, with a total building size of ++G++G+-9,712 square feet. The neatly landscaped, well-maintained building offers a gated entry, an on-site laundry facility with two sets of washers and dryers, individual water heaters, and 12 parking spaces with alley access (10 carports with storage bins and 2 uncovered parking spaces). The property is separately metered for electricity. 34-38 Fano Street boasts a solid unit mix of nine two-bedroom/one-and-one-half-bathroom units and one three-bedroom/one-and-one-half-bathroom unit. All units are townhouse-style and offer carpet and vinyl flooring, a dishwasher, wall units for heating and cooling, and ample closet and storage space. Select units have been recently renovated.***Existing Financing to be Assumed

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98051557

    34 Fano Street Arcadia, CA 91006

    • Price: $3,950,000
    • Status: Active
    • Updated: 223 min ago
    • ID#: 19500788
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    9,712
    SQFT
    $407
    $/SQFT
    1962
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Los Angeles
    Area:
    605 - Arcadia
    Property Description
    Built in 1962, 34-38 Fano Street is a two-story, 10 unit property on a ++G++G+-16,028 square foot R3 double lot, with a total building size of ++G++G+-9,712 square feet. The neatly landscaped, well-maintained building offers a gated entry, an on-site laundry facility with two sets of washers and dryers, individual water heaters, and 12 parking spaces with alley access (10 carports with storage bins and 2 uncovered parking spaces). The property is separately metered for electricity. 34-38 Fano Street boasts a solid unit mix of nine two-bedroom/one-and-one-half-bathroom units and one three-bedroom/one-and-one-half-bathroom unit. All units are townhouse-style and offer carpet and vinyl flooring, a dishwasher, wall units for heating and cooling, and ample closet and storage space. Select units have been recently renovated.***Existing Financing to be Assumed
    Exterior Features

    Carport Spaces 10.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportUncovered Parking Total 10.00 Parking YN Yes

    Interior Features

    Appliances Dishwasher Appliances YN Yes Laundry Features Community

    Property Features

    Electric Expense 600.00 Fuel Expense 480.00 Gross Multiplier 19.33 Gross Operating Income 199335.00 Insurance Expense 3399.00 Laundry Income 1200.00 Laundry YN Yes Licenses Expense 300.00 Maintenance Expense 7000.00 Net Operating Income 122079.00 Other Expense 2500.00 Professional Management Expense 9967.00 Security Features Gated Community Special Listing Conditions Standard Total Expenses 77256.00 Trash Expense 2929.00 Water Sewer Expense 3703.00

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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