10522-528 E Live Oak Ave: a development opportunity in the highly desirable City of Arcadia, CA. This is the first time this property has been on the market since 1979 (39 years)! The property is 29,370 SF lot zoned R1 and located WITHIN the award-winning Arcadia Unified School District. 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 an opportunity to redevelop the property into multi-unit residential (for sale or for rent), or build a large custom home. 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.
Listing courtesy of Handoko Chen from GIG Real Estate Inc.
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