Arcadia has the second-highest property valuation of any city in San Gabriel Valley, and the 13th highest in all of Los Angeles County, ahead of coastal communities widely associated with great wealth, Malibu and Rancho Palos Verdes.
Only Pasadena ranked higher in San Gabriel Valley on today’s 2015 annual report of the Los Angeles County Assessor.
Another huge 8.8% gain over last year ranks Arcadia third in growth among 89 cities in all of Los Angeles County, behind only West Hollywood (9.8%) and Beverly Hills (9.1%). Arcadia’s growth was nearly 2.7% better than the County’s average overall, which Assessor Jeffrey Prang noted in the report was up 6.13% from last year, the fifth consecutive year of growth.
Despite its relative small size of only 11 square miles, 23rd in number of single family residences, and in the middle of the pack with 44 other cities having more commercial/industrial properties, Arcadia’s nearly $14 billion in overall valuation ranks 12th among all 89 cities in L.A. County.
This glowing report on the continuing increase in property values in Arcadia should not come as a surprise since Arcadia gained the most and was one of the few in the County to enjoy an increase during the teeth of the recession, as Arcadia’s Best reported in the 2010 County Assessor Report.