Stein Valuation, Inc.
Real Estate Appraisals & Consultation
Our appraisal experience spans the spectrum of property types and includes, apartment, office buildings, industrial buildings, R & D Buildings, mobile home parks, residential subdivisions, retail buildings and shopping centers, mixed portfolios, same-use portfolios, mixed use buildings, and a multitude of other property types. If you are a new visitor to our site, we invite you to explore these pages for more information on our services and the appraisal industry.
Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Arcadia Area Description
The United States City of Arcadia is located at the San Gabriel Valley, about 20 miles northeast of its mother county, Los Angeles. The widely known Santa Anita Park Race Track and Los Angeles County’s Arboretum and Botanical Garden can in fact be found in Arcadia City. It can be noted too that there is a huge number of Asian immigrants in Arcadia City.
According to the United States Census Bureau, the Californian City of Arcadia is composed of 98.02% of land surface area and 1.08% water surface. Specifically, Arcadia has a total geographical area of 28.8 square kilometers (11.1 square miles), 28.4 square kilometers (11.0%) of which is land and 0.3 square kilometers (0.1 square miles) is water.
The same report revealed that there are a total of 53,054 residents in Arcadia City. Basing on the aforementioned facts on geographical area and population, there is a population density of 1,865,6 individuals for every square kilometer of land area.
The population of Arcadia City is subdivided into 27.2% of individuals who belong to the 25 to 44 age bracket; 26.5% of individuals ages 45 to 64 years old; 23.3% or residents who are 18 years of age and below; 15.5 of geriatric population; and 7.5% of Arcadians ages 18 to 24. The female population makes up 53% or 28,133 of Arcadia City’s total population, and 47% of it is made up 24,941 male residents of Arcadia. The male to female ratio is listed at 88.7 males for every 100 females. For those who belong to the 18 and above age bracket, the ratio is 84.6 males for every 100 females. A recorded 4.6% or 2,447 residents of Arcadia City comprise of children ages 0 to 5 years old. The elderly population, on the other hand, comprises 15.5% or 8,213 of Arcadia City's population. Arcadian City has an median age of 40.5 years.
The average family size of Arcadia City is 3.23, and the average household size is 2.74. The United States Census Bureau has yielded a 19,149 total count for household in Arcadia City. Out of the total number of households, the majority is comprised of marriage couples living together with a percentage of 57.8. The remaining half is composed of 35.2% of households that had children below 18 years old, 11.9% of households are dwelt by single mothers or families with absentee fathers and 26.1% were non-family households. Overall, 9.6% of the total number of households have elderly people living within and 22.3 are occupied by individuals.
The United States Census Bureau has recorded a total number of 19,970 housing units in Arcadia City, posing an average density of 702.2 housing units per square kilometers of land area (1,818.1 per square miles). Only 4.1% or 821 of the total number of housing units are vacant. All the rest of the remaining 95.9% or 19,149 housing units are occupied.
Basing on the latter, 11,923 are owned housing units, while 7,217 are rented. The rented ones are priced from $300 to $2000(or more) per month, with a median rate of $839 rental fee per month. Out of the 11,923 owned housing units, 7,250 or 69.2% are with mortgages. Prices range anywhere from $200 to $3000 or more per month, yielding an average mortgage cost of $2,042 per month. Only 3,233 or 30.8% of the total number of owned housing units are without mortgage.
Each family in Arcadia City has an average income of $66,657, while each household has an estimated income average of $56,100. Arcadia City, in general, earns a per capita income of $28,400. Males are evidently higher earners than females basing on the $50,594 and $36,138 income ratio of males and females respectively. Also, 7.9% of Arcadia City's total population, which is tantamount to 6.7% of families, are below poverty line. This includes 6.1% of elderly population and 7.8% of individuals ages 0 to 18.
In terms of educational attainment, out of the 36,799 adult residents, or population members who are at least 25 years old, 32,992 are high school graduates and or college undergraduates. This comprises 89.7% of Arcadia City's total population, and 16,355 are either college graduates and or has master’s and doctorate degree. This comprises 44.4% of Arcadia City’s total population.
The unemployment rate of Arcadia City is only 3%, as of the 2004 census result of the United States Census Bureau. Economics is focused mainly on commerce and trade, may it be wholesale or retail. Recreation and entertainment, arts and humanities, health care and manufacturing industries are also some of the top earning industries. The famous Santa Anita Racetrack has been giving revenues to Arcadia City as well.
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Additional statistical data for the area is presented below: Please note: differences between the above and below values are related to differing sources, though the ranges are considered to be quite reliable.