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29945587
29945601

521-523 E Live Oak Avenue, Arcadia, CA 91006

HC
CA 01749321
Growth Investment Group
Listed by Growth Investment Group
$6,840,000
115 days on market
Updated 52 days ago

521 E Live Oak Avenue

Details
APN 5790030016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,108
Net Rentable (SqFt) 10,108
Units 15
Cap Rate 5%
NOI $341,760
Occupancy 100%
Pro-Forma Cap Rate 5.21%
Pro-Forma NOI $356,181
Price per SqFt $677
Broker Co-Op Yes
Class A
Year Built 1960 & 2026
Year Renovated 2022-2025
Buildings 2
Stories 2
Acreage 0.413
Zoning Assessor
Parking Spaces 16 spaces
Parking Per SqFt 1.58
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Multifamily | 15 Units | $456,000/unit

Marketing description

ARCADIA TURNKEY 15-units (2 BRAND NEW ADUs), Arcadia School District, NO Local Rent Control, Attractive 5% 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 + electric

Investment highlights

INVESTMENT HIGHLIGHTS

  • Excellent location in Arcadia nearby Arcadia Golf Course and minutes to Santa Anita Mall; Located within the Arcadia School District

  • Adjacent to newer built townhomes and nearby many new Townhomes/SFR developments (Brookfield, KB Homes, Lennar, Olson Homes, etc.)

  • Very attractive 5% CAP Rate for Arcadia area

  • Long-term hold property in an excellent area with very HIGH home-ownership rates (less chance of local rent control being implemented)

  • Major capital upgrades completed recently: new fence and parking gate, new landscaping, new façade and signage, new exterior paint, all units have been upgraded

  • FANTASTIC demographics with ±$149,028 average household income in a one mile radius

  • Excellent access to FWY 210, FWY 605, and FWY 10

PROPERTY HIGHLIGHTS

  • Turnkey and Beautifully upgraded Pride-Of-Ownership gated apartment community

  • 2 units are newly built ADUS completed in 2026

  • Extremely attractive garden style apartment with excellent curb appeal, beautifully landscaped

  • Large lot size of ±17,977 SF with ample covered parking plus storage space for most of the parking space

  • Attractive unit mix with combination of 2bedroom and 1bedroom units, Large and spacious units with excellent layout

  • All units have been fully upgraded, Brand new electrical panels and subpanels, Gated parking, common bbq/picnic area, and so much more.

  • Each unit is separately metered for electricity and gas, and individual water heater

  • Additional 10 storage spaces that can be rented out to bring additional income

  • Only 15 units, NO On-site manager is required

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Listing Contacts

HC
CA 01749321
Growth Investment Group
Listed by Growth Investment Group

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$341,760.00
$28,480.00/mo

Valuation Metrics

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5%
Cap Rate
5%
ROI

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Zoning

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R-3 ResidentialMulti FamilyHigh Density Residential Zone
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View all 27 uses
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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