86 Townhomes Acquired in Arcadia, CA
Land Advisors Organization is pleased to announce the acquisition of Live Oak 86, a property consisting of 86 townhomes on 3.58 acres in unincorporated Arcadia, CA.
“Live Oak 86 represents an extremely rare opportunity to acquire entitled residential land of this scale in the west San Gabriel Valley. As evidenced by this transaction, we are seeing high demand for sites in this submarket, fueled by strong absorptions, low inventory, and overall lack of lot supply,” says Tim Barden, Senior Vice President at Land Advisors Organization.
This area of unincorporated Arcadia is known as Mayflower Village and benefits from an Arcadia address with Monrovia schools. Coupled with its proximity to employment, recreation and cultural destinations, the Property offers a unique product offering and price point that will put the community in a prime position to sell out quickly.
Land Advisors Organization jointly represented the Buyer and the Seller in this transaction. The Property was developed by Live Oak 888 and Aleksco.