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Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade
$ 6,400,000
Est. payment /mo
Price Dropped by $440K
521 523 E Live Oak AVE Arcadia, CA 91006
0.41 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26041165
Year Built 1960
Lot Size 0.413 Acres
Source California Regional MLS
Property Description
ARCADIA TURNKEY 15-units (2 BRAND NEW ADUs), Arcadia School District, NO Local Rent Control, Attractive 5.4% CAP Rate, Extremely High Barriers to Entry Submarket., Brand New Electrical Panels and Subpanels, next to newer Townhouse and nearby many new SFR developments (by Brookfield Residential, KB Homes, Olson Homes, etc.). LIVE OAK ARCADIA, a 15-unit TURNKEY Luxury Mid-Century modern garden style apartment in the highly desirable City of Arcadia, CA. There is NO LOCAL rent control in Arcadia which allows maximum rent increase of 5% + CPI per AB1482 (maximum 10% rent increase). This property is located within the prestigious Arcadia School District and surrounded by SFRs neighborhood with many newer townhomes/SFR developments (Lennar, KB Homes, Brookfield Residential, Olson Homes, etc.). It has FANTASTIC demographics of ±$149,028 average household income within a-mile radius. Offered at much higher CAP Rate compared to other competing multifamily in Arcadia, this offering provides an excellent opportunity to buy a stabilized asset in one of the most desirable submarkets in San Gabriel Valley. 521-523 LIVE OAK is an attractive two-story garden style gated community that was built in 1960 and renovated in 2022-2024. Two (2) of the units are brand new ADUS that were completed
Location
State CA
County Los Angeles
Area 605 - Arcadia
Rooms
Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator
Interior
Laundry Gas Hookup, 30, Washer, Washer/Dryer - Leased, Dryer
Exterior
Parking Features Assigned Spaces
Garage Spaces 17.0
Pool 31, None
View Hills
Roof Type Shingle
Building
Lot Description Grade - Level
Water Hot Water, District - Public
Others
Tax ID 5790030016
Special Listing Condition Not Applicable
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