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$7,750,000
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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.
Full Property Details
Full Property Details for 4251 E Live Oak Ave
General
- Sold For: $7,750,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: AR23020774
- Added to Site: 1, 106 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Location
- Area: 605 - Arcadia
- County: Los Angeles
- Development Name: 605 - Arcadia
- Driving Directions: East on Live Oak Ave.
Heating & Cooling
- Cooling Type: Central Air
Utilities
- Sewer: Sewer Paid
- Water: Public
- # Water Meters: 14
- # Gas Meters: 13
- # Electric Meters: 14
Structural Information
- Square Feet: 15,918
- Year Built: 2023
Unit Information
Unit 1
- Number of Units: 12
- Total Bathrooms: 4
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.4368
- Lot Size Source: Survey
- Lot Description: Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $486.87
- Price Per Unit: 660000
Listed by Advanta Properties, Inc, Janet Chan
Sold by Accelus Realty Inc., Vincent Lin
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Schools
Schools serving 4251 E Live Oak Ave
School District:Monrovia Unified School District
| Name | Grades | Distance |
|---|---|---|
Plymouth Elementary School, Monrovia, CA 1300 Boley Street, Monrovia, CA 91016 | K-5 | 0.5 mi |
Santa Fe Computer Science Magnet 148 West Duarte Road, Monrovia, CA 91016 | 6-8 | 1.5 mi |
Monrovia High School 845 West Colorado Boulevard, Monrovia, CA 91016 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4251 E Live Oak Ave
Date
Details
Price
Change
Source
7/14/2023
Sold
$7,750,000
-9.67%
MLS
2/06/2023
Listed
$8,580,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4251 E Live Oak Avenue, Arcadia, CA 91006 (MLS# AR23020774) is a Multi-Family property that was sold at $7,750,000 on July 14, 2023. Want to learn more about 4251 E Live Oak Avenue? Do you have questions about finding other Multi-Family real estate for sale in Arcadia? You can browse all Arcadia real estate or contact a Coldwell Banker agent to request more information.

