0.41 Acres Lot
0.41 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26041165
Construction Status Turnkey
HOA Y/N No
Year Built 1960
Lot Size 0.413 Acres
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Interior
Interior Features Open Floorplan, Quartz Counters, Unfurnished
Heating Ductless
Cooling Ductless
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Gas Range, High Efficiency Water Heater, Microwave, Refrigerator, Range Hood, Water Heater, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned
Carport Spaces 16
Fence Wrought Iron
Pool None
Community Features Suburban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Shingle
Accessibility None
Total Parking Spaces 17
Private Pool No
Building
Lot Description 31-35 Units/Acre, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Value In Land
Faces South
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5790030016
Energy Description 525.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10528
Lease Land No
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA