113 Diamond, Arcadia, California 91006, Arcadia, 91006 - 0 bed, 0 bath
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Arcadia, California 91006
This Well-Maintained Residential Income Triplex is listed at $2,100,000, representing a stable acquisition price aligned with its $2,058,956 Fair Market Value. Boasting a Condition Rating of 3, the property features a 2016-rehabbed front home and a 2023-updated unit, all complemented by scenic Mountain Views. Located in the elite Arcadia School District, the site offers significant value-add upside through ADU Potential and market-rate rent adjustments for the month-to-month tenancies. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 113 Diamond Subject | $2,100,000* List Price | 0 | 0 | 3,620 | $569 | - |
A 25 Fano Street Active | $1,998,000 List Price | 0 | 0 | 4,100 | $487 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988, this triplex has been well-maintained with significant updates including a full rehab of the front unit in 2016 and Unit C in 2023. Interior images show modern luxury vinyl plank flooring and updated stainless steel appliances. While some kitchen cabinetry appears original, the property is move-in ready with well-maintained central HVAC systems.
Situated in the highly desirable Arcadia School District, this property commands premium demand from both families and high-quality tenants, ensuring long-term value retention.
The combination of month-to-month leases with below-market rents and the explicit potential for ADU development provides a clear path for investors to significantly increase the capitalization rate.
With the front house rehabbed in 2016 and Unit C updated in 2023, the property features modern interiors and well-maintained central air, reducing the need for immediate major capital expenditures.
Rents have not been raised in over a year, meaning the property is currently underperforming financially relative to its market potential until new lease terms are established.
At a $2.1 million price point for a triplex, the high cost per unit may challenge traditional financing debt-coverage ratios in a high-interest-rate environment.
Great for owner occupy with front house (3Bedrooms + 1.75 baths Townhome, 1,550 sq/ft., fully rehabbed in 2016) with 2 car garages and two (2bed+1.75bath, 1,050 sq./ft.) units above the Two 2 car garages with large balconies. All units are on month to month and rents has not been raised in over a year. Unit C was rehabbed in 2023. Great Arcadia location, Arcadia School district, Potential for multiple ADUs., Well maintained Central Air.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,620 | 4,238.5 | 50% |
| Lot Size | 8,057 | 8,030 | 50% |
| Price | $2.10M | $2.00M | 75% |
| Price per sq ft | $580 | $490 | 50% |
| Built year | 1988 | 1981 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 79 | 25% |
Apr 20, 2026
$2,100,000
Initial Listing
Jul 1, 2022
$2,040,000
Public Record