$8,580,000
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0.44 Acres Lot
SOLD DATE : 07/14/2023
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR23020774
Sold Date 07/14/23
HOA Y/N No
Year Built 2023
Lot Size 0.437 Acres
Property Sub-Type Apartment
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
Area 605 - Arcadia
Interior
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 26
Private Pool No
Building
Story 3
Sewer Sewer Tap Paid
Water Public
New Construction Yes
Others
Senior Community No
Tax ID 8511028004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Vincent Lin • Accelus Realty Inc.