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9855 Emperor Avenue, Arcadia, California 91007, Arcadia, 91007 - 8 bed, 4 bath

9855 Emperor Avenue, Arcadia, California 91007 home-pic-0
ACTIVE$2,799,000
9855 Emperor Avenue, Arcadia, California 91007
8Beds
4Baths
3,567Sqft
17,056Lot
Year Built
1930
Close
-
List price
$2.8M
Original List price
$2.99M
Price/Sqft
$785
HOA
-
Days on market
-
Sold On
-
MLS number
25531853
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 36% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.80M(69th), sqft - 3567(68th), beds - 8(99th), baths - 4(57th).

9855-9863 EMPEROR AVENUE..... TWO VERY LARGE SINGLE FAMILY RESIDENTS ON ONE LARGE LOT AT THE END OF A CUL-DE-SAC. THIS PROPERTY IS PERFECT FOR THE INVESTOR/DEVELOPER OR TO RENT OUT AS HIGHER INCOME RENTALS. These full size family homes are separated by a tall privacy block wall. These homes must be sold together as they share the lot and APN. Perfect for a multi-generational family! [or live in one and rent out the other.] Both homes have large private yards for family enjoyment or add an ADU on corner house. Both homes were used as constantly occupied rental homes and prior to that were occupied by the owner. THIS IS A MUST SEE! located in Unincorporated Area of ARCADIA. TEMPLE CITY SCHOOLS within walking distance. Markets, doctors, public transportation is all right there. Come take a look.

Condition Rating
Poor
Built in 1930, this property exhibits significant signs of age and deferred maintenance, consistent with its history as a rental. Both kitchens feature extremely dated wood cabinetry, tiled countertops, and old appliances, necessitating a complete overhaul. Bathrooms are similarly outdated with old vanities, fixtures, and tile work. The flooring consists of worn carpets and dated linoleum/laminate. The property requires substantial renovations and rehabilitation to meet current living standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17056, living area = 3567.
Income-Generating Potential: Features two large single-family residences on one lot, ideal for investors, developers, or multi-generational families seeking significant rental income or dual living arrangements.
Prime Location & Accessibility: Situated at the end of a cul-de-sac in an unincorporated area of Arcadia, offering walkability to Temple City Schools, markets, doctors, and public transportation.
Development & ADU Potential: The generous lot size and existing structures provide clear opportunities for adding an Accessory Dwelling Unit (ADU) or further development, enhancing future value.
Large Private Yards: Both homes benefit from large private yards, offering ample space for family enjoyment and outdoor activities.
Mountain Views: The property includes attractive mountain views, contributing to its aesthetic appeal and desirability.

Cons

Significant Overpricing: The listing price is considerably higher (36% above) the estimated property value, which could present a significant hurdle for attracting buyers and securing financing.
Age and Implied Condition: Built in 1930 and previously used as 'constantly occupied rental homes,' the properties likely require substantial renovations, updates, and deferred maintenance to meet current market expectations.
Shared Lot & APN Restriction: The necessity to sell both homes together due to a shared lot and APN limits future ownership flexibility, potentially complicating separate sales or financing options.

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