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ANGELINA NGUYEN

angelinannhan@gmail.com +1(408) 952-9437

Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade

$ 6,400,000

Est. payment | -/mo

0.41 Acres Lot

Save

$ 6,400,000

Est. payment | -/mo

Save

0.41 Acres Lot

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

Schools and Properties Nearby

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+1(408) 952-9437

angelinannhan@gmail.com

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521 523 E Live Oak AVE Arcadia, CA 91006