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Key Details
Sold Price $3,805,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 8,640 sqft
Price per Sqft $440
MLS Listing ID AR21070858
Sold Date 06/30/21
HOA Y/N No
Year Built 1960
Lot Size 0.410 Acres
Acres 0.41
Property Description
LIVE OAK ARCADIA – 521-523 E Live Oak Ave. is a 13-unit garden style apartment investment opportunity located in the City of Arcadia, CA. Built in 1960, the current owner bought it in 1961 which made them only the 2nd owner. Since then, this is the first time this property has ever been offered for sale! Long time owned for 60 years, this presents a rare opportunity for the lucky buyer to acquire this generational apartment community at a much lower price per unit compared to other Arcadia apartments that are currently on the market. This property is located within the prestigious Arcadia School District (buyer to verify).
LIVE OAK ARCADIA is an attractive two-story garden style gated community that was built in 1960. It has a total of 8,640 SF building size and situated on a LARGE lot of ±17,977 SF. Because of this large lot, there is a possibility for new owner to add additional ADU units (buyer to do their own investigations). It offers excellent curb appeal with manicured landscaping, complete with large front yard and back yard with seating area. The property offers an excellent unit mix of four (4) x 2bedroom+1bathroom and nine (9) x 1bedroom+1bathroom. Each unit is spacious with good floor plan. None of the units have been upgraded. Most units have carpet, windows A/C in the living room/kitchen, wall heater, ceiling fans in the kitchen and bedroom, laminate kitchen countertops, tiled bathroom, and individual water heater.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry Common Area
Exterior
Garage Attached Carport, Assigned, Carport
Carport Spaces 16
Pool None
Community Features Golf, Suburban, Valley, Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
View Y/N Yes
View Mountain(s)
Parking Type Attached Carport, Assigned, Carport
Total Parking Spaces 17
Private Pool No
Building
Lot Description Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5790030016
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Handoko Chen • GIG Real Estate Inc.