Rare opportunity to acquire a live/work property in Arcadia. Built in 2020, this three-level property offers approximately 2,080 sq. ft., 3 bedrooms, 4 bathrooms, and an attached two-car garage.
The first floor features commercial space with a private storefront entrance, its own bathroom, and exposure along Live Oak Avenue. The second and third floors provide residential living space, currently rented for $5,000 per month. Existing tenants are reportedly open to a longer-term lease.
With a reported HOA fee of approximately $278 per month, this property offers several potential strategies: retain the residential tenant and explore leasing the commercial space separately, operate a business downstairs while collecting rental income upstairs, or use the property as a live/work residence.
Newer construction and flexible use potential make this an income-focused opportunity rather than a major rehab project.
Potential Investment Strategies:
Retain the reported $5,000/month residential tenancy and explore leasing the commercial storefront separately.
Operate a business on the first floor while collecting residential rental income upstairs.
Explore dual-income potential from separate residential and commercial occupancies.
Use the property as a live/work residence.
Investigate converting the first floor to residential use to create a larger, unified living space.
Property Details:
Property Type: Live/work mixed-use
Bedrooms: 3
Bathrooms: 4
Living Area: Approximately 2,080 sq. ft.
Stories: 3
Year Built: 2020
Garage: Attached 2-car garage
Reported Residential Rent: $5,000/month
Reported HOA: Approximately $278/month
Contact Michael:
Phone: 914-504-4059
Terms: Cash or Hard Money only.
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ARV $1,300,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $1,560,000.