521 E Live Oak Ave, Arcadia, CA 91006

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.