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521-523 E Live Oak Avenue

Arcadia, CA 91006

$6,840,000 $28,837/Mo

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Overview

Bed

Bath

10,108

Sqft

17,977

Sqft(Lot)

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 + electrical + and plumbing system (main line is not updated), new drought-tolerant landscaping, new secured entrance and new parking gate, new property façade and signage, new exterior painting, new HVAC and exhaust systems, roof was not upgraded (in excellent condition) and much more. It has excellent curb appeal with mature trees in the front and a secured entrance. The property offers an excellent unit mix of SIX (6) x 2bedroom+1bathroom and nine (9) x 1bedroom+1bathroom. Each unit is spacious with an excellent floor plan, and each has been completely upgraded from top to bottom with attention to detail.

Property Details

Property Type : Residential Income

Price : $6,840,000

AD Id : 75584705

MLS Id : AR26041165

Lot Size : 17,977 Sqft

Living Area Size : 10,108

Year Built : 1960

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Shingle Interior Features: Open Floorplan,Quartz Counters,Unfurnished Property Appliances: Dishwasher,Disposal,Gas Range,High Efficiency Water Heater,Microwave,Refrigerator,Range Hood,Water Heater,Dryer,Washer Fireplace: None Flooring: Wood
Cooling Features

Ductless Air Conditioning

Heating Source

Ductless Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1960 Building Area Total: 10,108 Construction: Drywall,Stucco Roof: Shingle
Accessibility Features

None

Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Fencing

Wrought Iron

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4127
Lot Size Source: Assessor Lot Size Square Feet: 17977

Listing Price Information

Original List Price: 6,840,000 Listing Contract Date: 2026-02-24
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5790030016

Garage and Parking

Garage Description: Assigned

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 605 - Arcadia Postal Code Plus 4: 5643 Directions: east of Santa Anita Ave - on Live Oak Ave Zoning: ARR3YY Source Property Type: Residential Income Area: 605 - Arcadia Property SubType: Apartment
Building and Construction

Property Age: 66 Common Walls: 2+ Common Walls Property Condition: Turnkey Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: ground Property Attached: Yes Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2226 Cielo Place, Arcadia, CA, 91006	$3,520,000	8	7	6,103	6,103 SqFt
2206 Canyon, Arcadia, CA, 91006	$1,588,000	3	1	2,000	2,000 SqFt
1918 Highland Oaks Drive, Arcadia, CA, 91006	$2,089,999	4	3	2,699	2,699 SqFt
1104 E Camino Real, Arcadia, CA, 91006	$3,388,000	8	6	5,288	5,288 SqFt
2047 Carolwood, Arcadia, CA, 91006	$2,690,000	4	3	3,852	3,852 SqFt
1201 S 10th Ave, Arcadia, CA, 91006	$3,980,000	5	6	6,449	6,449 SqFt
1817 Elevado, Arcadia, CA, 91006	$2,888,000	5	2	3,747	3,747 SqFt
1240 S 9th, Arcadia, CA, 91006	$1,800,000	4	3	2,018	2,018 SqFt
1249 Oakhaven, Arcadia, CA, 91006	$2,680,000	5	5	3,700	3,700 SqFt
1245 Oakhaven Road, Arcadia, CA, 91006	$1,899,000	4	4	2,436	2,436 SqFt

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ByOwner last updated this listing 06/11/2026 @ 16:43

MLS: AR26041165 LISTED BY: Handoko Chen, Growth Investment Group Pasade 626-594-4900 SOURCE: CRMLS