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Arcadia Turnkey Apartment Building
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521-523 E Live Oak Avenue, Arcadia, CA 91006

15-unit apartment building in Arcadia School District with no rent control.

Property Size10,108 SF
Lot Size0.41 Acres
Price / SF$633.16
Days on Market185

Property Features for 521-523 E Live Oak Avenue

General Information

Standard status Active
Size 10,108 SF
Class A
Total Parking Spaces 16
Lot size 0.41 Acres
Property subtype Multifamily
Zoning Assessor
Occupancy 100%
Investment Type Stabilized
Net Operating Income $346,435

Building Details

Year Built 1960
Year Renovated 2025
Buildings 2
Stories 2
Units 15
Listing Agency: Growth Investment Group
Listed By: Handoko Chen · License #CA 01749321
Source: Crexi
Added: Feb 24 Changed: Aug 24 Last Checked: Aug 24 at 10:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group

Investment Insights

Based on property information with market context.

This 15-unit luxury mid-century modern garden-style apartment building is located in Arcadia, California. The property is situated in the Arcadia School District, surrounded by single-family residences and newer townhome and single-family developments. The average household income within a one-mile radius is approximately $149,028. Built in 1960 and renovated between 2022 and 2024, the property features two newly built ADUs completed in 2026. It occupies a large 17,977 square foot lot and includes manicured landscaping with a front and back yard seating area. Renovations from 2022-2024 include upgraded units, updated rough mechanical, electrical, and plumbing systems, new drought-tolerant landscaping, a new secured entrance and parking gate, a new property façade and signage, new exterior painting, and new HVAC and exhaust systems. The roof is in excellent condition. The gated community includes a landscaped courtyard garden with outdoor seating. The unit mix consists of six 2-bedroom, 1-bathroom units and nine 1-bedroom, 1-bathroom units. Each unit features new flooring, shaker cabinets, Carrera quartz countertops, stainless steel kitchen appliances including a dishwasher and kitchen vent hood, tiled bathrooms with new vanities, smooth ceilings, in-unit washer/dryer, modern lighting fixtures, and mini-split A/C heating units in the living room and bedrooms. Each unit is separately metered for electricity and gas. Parking includes 16 spaces (10 carport and 6 open spaces). There are 10 private storage rooms. A shared laundry room is also available. The property is located across from the Arcadia Golf Course and near Santa Anita Mall, Santa Anita Park, and USC Arcadia Hospital. It offers access to FWY 10, FWY 210, and FWY 605.

Key Highlights

  • Prime Arcadia location within the highly desirable Arcadia School District
  • Turnkey, fully renovated (2022‑2024) 15‑unit apartment complex with two newly built ADUs
  • No local rent control, allowing for maximum rent increases (5% + CPI per AB1482)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Law Firm Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

672
Businesses Nearby

Demographics for 91006, CA

31,949
Population
11,291
Households
2.8
Avg Household Size
44
Median Age
56%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
4,992
Density / Sq Mi
$127,511
Median Household Income
$58,188
Median Earnings
$2,141
Median Rent
$1,187,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 15-unit apartment building in Arcadia School District with no rent control.
Where is this apartment building located?
The property is located at 521-523 E Live Oak Avenue Arcadia, CA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Prime Arcadia location within the highly desirable Arcadia School District; Turnkey, fully renovated (2022‑2024) 15‑unit apartment complex with two newly built ADUs; No local rent control, allowing for maximum rent increases (5% + CPI per AB1482)
(626) 224-2495 Call to check price and availability
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