NOT LISTED FOR SALE

135 W Live Oak Ave Arcadia, CA 91007

Arcadia Area
9 Beds
10 Baths
32,801 Sq Ft
0.81 Acre Lot

Sale Details

Date Sold: October 7, 2022

Last sale price $14,350,000 $437 Per Sq Ft

259 Days on Market

Highlights

  • 0.81 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Longley Way Elementary School Rated A+

About This Home

As of October 2022

135-139 W. Live Oak Avenue is a unique three-story, 17-separate parcel property newly built in 2016 with the ability to sell individually in the future. Centrally located with convenient access to the 210, 10, and 605 Freeways and connecting to all of Southern California, 135-139 W. Live Oak Avenue is situated between Las Tunas Drive and S. Santa Anita Avenue on two parcels of land. Totaling ±35,371 square feet of land and a total building size of ±32,801 square feet, the Property is comprised of 17 Spacious Two, Three, and Four bedroom layouts—each unit encompasses two and a half bathroom and average 1,929 square feet per unit. Surrounded by shopping centers and a highly-ranked restaurant culture, the Property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 08/09/2021

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 08/09/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 35,371 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 5788-022-018 thru 5788-022-034

Parking

  • 17 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 32,801 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 1
  • Tax Tract Number 72894
  • Assessor Parcel Number 5788022018
  • $593 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 17 Buildings
  • 17 Units

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 17 Separate Water Meters
  • Electric Expense $1,687
  • Gardener Expense $4,800
  • Insurance Expense $6,471
  • Maintenance Expense $28,146
  • Other Expense $3,400
  • Pest Control $1,200
  • Professional Management Expense $25,218
  • Trash Expense $12,121
  • Water Sewer Expense $1,687
  • New Taxes Expense $166,356
  • Operating Expense $250,495
  • Gross Income $725,400
  • Net Operating Income $453,143

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0.81 Acres

Parking

17

Listing Details

  • Professional Management Expense: 25218.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1687.00
  • Zoning: ARCM*
  • Property Type: Residential Income
  • Gardener Expense: 4800.00
  • Parcel Number: 5788022018
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 437.49

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 17.00
  • Total Parking Spaces: 17.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 12121.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5788-022-018 thru 5788-022-034
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 35371.00
  • Lot Size Acres: 0.8120

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Electric Expense: 1687.00
  • Gross Income: 725400.00
  • Gross Operating Income: 703638.00
  • Gross Scheduled Income: 725400.00
  • Insurance Expense: 6471.00
  • Lot Size Area: 35371.0000 Square Feet
  • Maintenance Expense: 28146.00
  • Net Operating Income: 453143.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 250495.00
  • Other Expense: 3400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 250495.00

Tax Info

  • New Taxes Expense: 166356.00
  • Tax Census Tract: 4316.00
  • Tax Lot: 1
  • Tax Tract Number: 72894
  • TaxOtherAnnualAssessmentAmount: 593.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $14,350,000 -3.0% $437 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
03/03/2022 03/03/22 Price Changed $14,800,000 -4.5% $451 / Sq Ft
01/20/2022 01/20/22 For Sale $15,500,000 0.0% $473 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $15,500,000 0.0% $473 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $15,500,000 0.0% $473 / Sq Ft
08/08/2018 08/08/18 Rented $3,700 0.0% --
08/02/2018 08/02/18 For Rent $3,700 0.0% --
08/01/2018 08/01/18 Rented $3,700 0.0% --
07/09/2018 07/09/18 Price Changed $3,700 0.0% $2 / Sq Ft
07/09/2018 07/09/18 For Rent $3,700 -3.9% --
07/05/2018 07/05/18 Off Market $3,850 -- --
04/11/2018 04/11/18 For Rent $3,850 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21175823

California Regional Multiple Listing Service (CRMLS)
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