521 523 E Live Oak Avenue,Arcadia, CA 91006
Arcadia, CA 91006
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 in 2026. It is situated on a LARGE lot of ±17,977 SF and offers excellent curb appeal with manicured landscaping, complete with large front yard and back yard with seating area. The property has undergone a massive renovation in 2022-2024 which includes: all units upgraded, updated rough mechanical + electrical + and plumbing system (main line is not updated), new drought-tolerant landscaping, new secured entrance and new parking gate, new property façade and signage, new exterior painting, new HVAC and exhaust systems, roof was not upgraded (in excellent condition) and much more. It has excellent curb appeal with mature trees in the front and a secured entrance. The property offers an excellent unit mix of SIX (6) x 2bedroom+1bathroom and nine (9) x 1bedroom+1bathroom. Each unit is spacious with an excellent floor plan, and each has been completely upgraded from top to bottom with attention to detail.
Details
| MLS # | AR26041165 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 177 |
| Listing Provided By | Growth Investment Group Pasade | Handoko Chen |
Features
| SQ Feet | 10,108 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 15 |
| Building(s) | 2 |
| Zoning | ARR3YY |
| Acreage | 0.41 |
| Property View | Yes |
Interior
| Cooling | Ductless |
|---|---|
| Heating | Ductless |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Open Floorplan, Quartz Counters, Unfurnished |
| Appliances | Dishwasher, Disposal, Gas Range, High Efficiency Water Heater, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Drywall, Stucco |
| Lot Features | Thirty One To Thirty Five Units Acre, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Value In Land |
| Fencing | Wrought Iron |
Parking
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Suburban, Valley |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Arcadia |
| Zip Code | 91006 |
| Area | 605 Arcadia |
| Listing VS Median (in 91006) | |
Price: $6,400,000 low | high Med: $1,280,000 sqft: 10,108 low | high Med: 2,007 $ / sqft: $633 low | high Med: $638 On site: 177 low | high Med: 154 | |
Market Activity 91006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Arcadia |
| Zip Code | 91006 |
| Area | 605 Arcadia |
| Listing VS Median (in 91006) | |
Price: $6,400,000 low | high Med: $1,280,000 sqft: 10,108 low | high Med: 2,007 $ / sqft: $633 low | high Med: $638 On site: 177 low | high Med: 154 | |