Arcadia, CA 91006,4251 E Live Oak Avenue

$7,750,000

$8,580,000

9.7%
Est.Price: ?

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Est. payment /mo

15,918 SqFt


SOLD DATE : 07/14/2023

Key Details

Sold Price $7,750,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 15,918 sqft

Price per Sqft $486

MLS Listing ID CRAR23020774

Sold Date 07/14/23

HOA Y/N No

Year Built 2023

Lot Size 0.437 Acres

Acres 0.44

Property Sub-Type Other

Property Description

Advanta Properties Inc. is pleased to present the exclusive new construction opportunity to acquire Live Oak 13, a multi-family building comprised of 13 newly built units with 3 BD/3.5 BA (One Unit has 4 Bd/4BA) units ideally located in Arcadia, CA. With excellent proximity to major employers, 210 & 605 freeways, entertainment districts and restaurants, this community is an attractive destination for rentals. Slated to be completed in early 2023 , 4251 E. Live Oak Ave., Arcadia, Ca 91006 offers 13 3 bedroom and 3 bath units. The well-built property features luxury unit upgrades including modern fixtures, luxury vinyl flooring, in unit washer & dryer hookups, electronic entry locks, dual pane windows, quartz countertops, soft-close cabinets, and SS appliances. Since this is new construction, this Multifamily investment opportunity has a high return and low operating costs with no rent control for the next 10+ years. All utilities are separately metered. The 26 parking spots (with 2EV charging outlets) can also be optional additional income. This property is also ideal for the furnished rental housing business model such as traveling nurse/first responder housing, as it is close to 3 major hospitals (USC Arcadia, City of Hope, Kaiser). Units can also be used as Live/Work apartments

Location

State CA

County Los Angeles

Interior

Cooling Central Air

Fireplace No

Laundry Other

Exterior

Utilities Available Other Water/Sewer

Building

Water Public, Other

New Construction No

Others

Tax ID 8511028004

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Bridge MLS
Listed by Janet Chan • Advanta Properties, Inc
Bought with VincentLin

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agent
Roland Osage

Agent | License ID: 02055089

+1(925) 206-9799

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