Seller's Agent in 2023
Janet Chan
Advanta Properties, Inc
(626) 538-7423
1 in this area
38 Total Sales
4251 E Live Oak Ave Arcadia, CA 91006
Mayflower Village NeighborhoodEstimated Value: $1,292,000 - $8,542,426
6
Beds
8
Baths
15,918
Sq Ft
$366/Sq Ft
Est. Value
Highlights
- New Construction
- 0.44 Acre Lot
- Central Air
- Plymouth Elementary School Rated A-
- Laundry Room
About This Home
As of July 2023Advanta 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.
Last Agent to Sell the Property
Advanta Properties, Inc License #01818618 Listed on: 02/06/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2023 | New Construction
Lot Details
- 0.44 Acre Lot
- Two or More Common Walls
Home Design
- Apartment
Interior Spaces
- 15,918 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 26 Open Parking Spaces
- 26 Parking Spaces
Location
- Suburban Location
Utilities
- Central Air
- Sewer Paid
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 1704
- Assessor Parcel Number 8511028004
Community Details
Overview
- 13 Units
Building Details
- 14 Separate Electric Meters
- 13 Separate Gas Meters
- 14 Separate Water Meters
- Insurance Expense $6,200
- Maintenance Expense $1,200
- Professional Management Expense $21,312
- Trash Expense $7,200
- Water Sewer Expense $720
- New Taxes Expense $92,296
- Operating Expense $128,928
- Gross Income $535,200
- Net Operating Income $390,216
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2023
Closed on
May 26, 2023
Sold by
Avery Creek Llc
Bought by
Ac Foothill Llc
Seller's Agent
Janet Chan
Advanta Properties, Inc
Buyer's Agent
Vincent Lin
Accelus Realty Inc.
List Price
$8,580,000
Sold Price
$7,750,000
Premium/Discount to List
-$830,000
-9.67%
Views
141
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,091,263
Avg. Annual Appreciation
-11.14%
Purchase Details
Listed on
Jan 30, 2019
Closed on
Mar 22, 2019
Sold by
Galnhall International Investment Inc
Bought by
Avery Creek Llc
Seller's Agent
Sally Wu
Coldwell Banker Dynansty
Buyer's Agent
Janet Chan
Advanta Properties, Inc
List Price
$1,880,000
Sold Price
$1,700,000
Premium/Discount to List
-$180,000
-9.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.88%
Original Mortgage
$850,000
Interest Rate
4%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2007
Sold by
Daaerslin Gardens Llc
Bought by
Gain Hall International Investment Inc
Purchase Details
Closed on
Jan 28, 2003
Sold by
Ayala Maria F
Bought by
Ayala Gilbert and Premier Billboards
Purchase Details
Closed on
Nov 29, 2001
Sold by
Morton Kevin T
Bought by
Daaerslin Gardens Llc
Purchase Details
Closed on
Aug 20, 2001
Sold by
Meis Douglas K
Bought by
Morton Kevin T
Purchase Details
Closed on
Nov 30, 2000
Sold by
Aplanalp Lanny W and Trigon Sheila L
Bought by
Meis Douglas K and Morton Kevin T
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ac Foothill Llc | $7,750,000 | Fidelity National Title | |
| Avery Creek Llc | $1,700,000 | Provident Title Company | |
| Gainhall International Investment Inc | -- | Provident Title Company | |
| Gain Hall International Investment Inc | $938,000 | First American Title Co | |
| Ayala Gilbert | -- | Old Republic Title Company | |
| Daaerslin Gardens Llc | -- | -- | |
| Morton Kevin T | -- | -- | |
| Meis Douglas K | $365,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Avery Creek Llc | $850,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/14/2023 07/14/23 | Sold | $7,750,000 | -9.7% | $487 / Sq Ft | |
| 05/25/2023 05/25/23 | Pending | -- | -- | -- | |
| 02/06/2023 02/06/23 | For Sale | $8,580,000 | +404.7% | $539 / Sq Ft | |
| 05/13/2019 05/13/19 | Sold | $1,700,000 | -9.6% | -- | View Prior Sale |
| 03/12/2019 03/12/19 | Pending | -- | -- | -- | |
| 01/30/2019 01/30/19 | For Sale | $1,880,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $91,705 | $7,905,000 | $3,213,000 | $4,692,000 |
| 2024 | $91,705 | $7,750,000 | $3,150,000 | $4,600,000 |
| 2023 | $23,135 | $1,822,743 | $1,822,743 | $0 |
| 2022 | $22,440 | $1,787,003 | $1,787,003 | $0 |
| 2021 | $22,584 | $1,751,964 | $1,751,964 | $0 |
| 2019 | $6,622 | $1,104,484 | $965,545 | $138,939 |
| 2018 | $13,108 | $1,082,828 | $946,613 | $136,215 |
| 2016 | $12,582 | $1,040,782 | $909,855 | $130,927 |
| 2015 | $13,869 | $1,025,150 | $896,189 | $128,961 |
| 2014 | $12,200 | $1,005,069 | $878,634 | $126,435 |
Source: Public Records
Agents Affiliated with this Home
-
Janet Chan
-
Vincent Lin
Buyer's Agent in 2023
Vincent Lin
Accelus Realty Inc.
(626) 272-2202
1 in this area
12 Total Sales
-
S
Seller's Agent in 2019
Sally Wu
Coldwell Banker Dynansty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR23020774
APN: 8511-028-004
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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