Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9861 E Lemon Ave Arcadia, CA 91007

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,288,000

    Main house with two detached studios in Temple City.

    Lot size:
    0.21 Acres

    Property Features for 9861 E Lemon Ave

    General Information

    Lot size
    0.21 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Jeannie Vukovich
    Source: Elliman

    Listing Agent: Jeannie Vukovich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Arcadia Property with Income Potential

    This property features a main residence and two detached studios, offering income potential. The main house is approximately 1,307 square feet and includes 3 bedrooms and 2 baths. A fireplace enhances the living room. The kitchen is equipped with built-in appliances, ample cabinetry, and a dining area. The home has central heating and air conditioning, along with new interior paint. Each of the studios is approximately 450 square feet. Each unit has a kitchenette with a refrigerator and a spacious bath. One studio has access to a covered patio, while the other features a private fenced-in yard. The property is located in the Temple City School district and is in close proximity to schools, shopping, dining, and public transportation.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arcadia
    County
    Los Angeles
    State
    California
    Longitude
    -118.0566352
    Latitude
    34.1185078

    Nearby Similar for Sale

    • $850,000
      1,838 SF

      Arcadia Industrial Opportunity For Sale

      Vacant industrial property in Arcadia, suitable for various uses.
      11920 Goldring Rd, Arcadia, CA 91006
      View Details
    • $150,000
      900 SF

      Established Bar Business Opportunity

      Turn-key bar with ABC license in a prime location.
      1037 S Baldwin Ave, Arcadia, CA 91007
      View Details
    • $1,598,888
      1,982 SF

      Arcadia Retail Building For Sale

      Retail building in central Arcadia location, tenant in place.
      419 S 1St Ave, Arcadia, CA 91006
      View Details
    • New
      $860,000
      1,872 SF

      Arcadia Industrial Condo For Sale

      Well-maintained industrial condo with easy freeway access in Arcadia, CA.
      11940 Goldring Rd, Arcadia, CA 91006
      View Details
    • $14,500,000
      18,202 SF

      Arcadia Retail Asset For Sale

      Fully leased retail property with strong tenants in Arcadia, CA.
      56 E Duarte Rd, Arcadia, CA 91006
      View Details
    • New
      $198,000
      1,500 SF

      Arcadia Salon Business Opportunity

      High-end hair salon with stylists and immediate cash flow.
      Naomi Ave, Arcadia, CA 91007
      View Details
    • $820,000
      1,342 SF

      Arcadia Townhome in Bonita Garden

      Tastefully remodeled 3-bedroom townhome in a desirable Arcadia location.
      145 Bonita St, Arcadia, CA 91006
      View Details
    • $1,245,000
      3,119 SF

      Arcadia Industrial/Flex Condo For Sale

      3,119 SF industrial/flex condo with convenient transportation access.
      11819 Goldring Rd, Arcadia, CA 91006
      View Details
    • $1,250,000
      2,128 SF

      Arcadia Detached Townhome

      Spacious 3-bedroom townhome in Arcadia School District.
      325 E Duarte Rd, Arcadia, CA 91006
      View Details
    • $2,000,000
      3,886 SF

      Arcadia Mixed-Use Investment Opportunity

      Mixed-use property in prime location with commercial and residential units.
      227 S 1St Ave, Arcadia, CA 91006
      View Details
    • $1,688,000

      Arcadia Fourplex Investment Opportunity

      Well-maintained fourplex in Arcadia near shopping, dining, and schools.
      27 Christina St, Arcadia, CA 91006
      View Details
    • $2,000,000

      Arcadia Mixed-Use Investment Opportunity

      Mixed-use property in prime location with commercial and residential units.
      57 California St, Arcadia, CA 91006
      View Details

    FAQs

    What type of property is this?
    Specialty property - Main house with two detached studios in Temple City.
    Where is this specialty property located?
    The property is located at 9861 E Lemon Ave Arcadia, CA.
    What is the asking price?
    The asking price for this property is $1,288,000.
    What are key features of this property?
    This property features: - Income potential from **two detached studios**, each approx. 450 sq. ft. with kitchenette and bath.; - Located in the desirable Temple City School District.; - Main residence with 3 bedrooms, 2 baths, and approx. 1,307 sq. ft.
    (626) 445-5500
    Request Owner's contact information
    9861 E Lemon Ave Arcadia, CA 91007
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9861 E Lemon Ave
    Arcadia, CA 91007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9861 E Lemon Ave Arcadia, CA 91007
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeannie Vukovich
    (626) 445-5500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.