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4241 Live Oak Avenue
SOLD

Brookfield Residential Acquires Development Site In Arcadia For $58.5M

4241 Live Oak Avenue

Development Site
524,898 SF
clock iconSold 330 days ago
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Summary

Sale
CALIFORNIA
Development Site
524,898 sqft

A development site located at 4241 Live Oak Avenue in Arcadia has been sold for a total price of $58,500,000. The property spans 524,898 square feet with a price per square foot of $111. It consists of 277 units, with a price per unit of $211,191. The site covers an area of 12 acres, resulting in a price per acre of $4,875,000.

Summary of Transaction Details

  • Property Type: Development Site
  • Transaction Amount: $58,500,000
  • Square Footage: 524,898
  • Price per Square Foot: $111
  • Number of Units: 277
  • Price per Unit: $211,191
  • Total Acres: 12
  • Price per Acre: $4,875,000

The buyer of the property is Brookfield Residential, and the seller is Prime Enterprises, represented by Alethea Hsu. Tom Nguyen from EXP Commercial served as the seller's representative in this deal.

Players

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    2

  • Agents

    1

  • Agencies

    1

Tom Nguyen's profile picture
Tom Nguyen
EXP Realty-image
Executive Advisor
$58.5M Sold

Details

Deal Summary
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SOLD
IMAGE: Tom Nguyen DATE: 05/31/2023 ADDRESS: 4241 Live Oak Avenue MARKET: Arcadia ASSET TYPE: Development Site BUYER: Brookfield Residential SELLER: Prime Enterprises - Alethea Hsu SELLER'S REP: Tom Nguyen (@Tomatlaw88) - EXP Commercial (@EXP.Commercial) SALE PRICE: $58,500,000 SF: 524,898 ~ PPSF: $111 UNITS: 277 ~ PPU: $211,191 ACRES: 12 ~ PPA: $4,875,000

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Address4241 Live Oak Avenue

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