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Vincent Ramos
Vincent Ramos
REMAX Top Producers
Covina, CA 91722

626-523-1776
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Listing 24 out of 500
$2,937,000 For Sale

10522 E Live Oak Avenue
Arcadia, CA 91007

5 units | Multi Family Home
0.6742 acres - MLS# AR19192848
Property Photo
1/11

Description

10522-28 E Live Oak Ave, Arcadia. The property is a 5 single family houses situated on a large 29,370 SF lot size (zoned R1) and located WITHIN the award-winning Arcadia Unified School District. This is the first time this property has been on the market since 1979 (39 years)! The property is situated on a quiet residential street surrounded by single-family houses and small apartment buildings. It is within the highly acclaimed Arcadia School District. There are several new residential and commercial development projects nearby which show the strength of local property market. The property's total building size is 4,672 sqft and consists of 5 single family houses/bungalow style with multiple carports and attached private garage. Three of the houses were built in 1957, one was built in 1962 and one was built in 1936. Each house has private patio/front yard/side yard complete with laundry hookups. There are ample parking spaces provided by carports, attached garage and open space. The front house has 2-car carports and plenty of open parking spaces, while the remaining four houses have attached private garage and plenty of open parking spaces. Redevelopment Potential: The property is located within county area and thus enjoy a more streamlined process in redevelopment (re-zoning and plan submittal is through the LA County office). This offering provides developer to redevelop the property into multi-unit residential, or build a large custom home.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 91007
  • Year Built: 1957
  • Stories: One
  • Units: 5 units
  • # of Parking Spaces: 16.00
  • Lot Size: 0.6742 acres
  • Zoning: TCR172
  • Area: 605 - Arcadia
  • Average Studio Area Units: Square Feet
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 4672.00
  • Building Area Units: Square Feet
  • Carport Spaces: 2.00
  • Community Features: Suburban, Valley
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: west of Santa Anita Ave
  • Garage Spaces: 4.00
  • Gross Income: 78000.00
  • Gross Operating Income: 78000.00
  • Gross Scheduled Income: 78000.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 2102.00
  • Laundry Features: Gas & Electric Dryer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01749321
  • Listing Office License: 02021933
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit, Park Nearby, Value In Land
  • Lot Size Area: 29370.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 26702.00
  • New Taxes Expense: 31931.00
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Operating Expense: 49958.00
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Condition: Repairs Cosmetic
  • Sewer: Public Sewer
  • Stories Total: 1
  • Total Expenses: 48958.00
  • Trash Expense: 3399.00
  • Uncovered Spaces: 10.00
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 4575.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Gig Real Estate Inc., Handoko Chen

Vincent Ramos III
Veteran United States Navy
REMAX Top Producers
DRE# 01352740
Phone: 626.523.1776
http://SoCalProperties.Net
Email: vramos3@gmail.com

Testimonials

Very professional and personable. I was very pleased with the process from start to finish. He kept me informed and offered great suggestions if questions did arise. He was my representative from the start due to him being forthright about all my questions. Will recommend and use him again for   future properties. matt 1969
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