1150 Okoboji Drive, Arcadia, California 91007, Arcadia, 91007 - 0 bed, 0 bath
Loading property details...
Arcadia, California 91007
This High-Potential Investment Opportunity is a fully renovated 4-unit property listed at $2,180,000, positioned well below the $2,202,615 Fair Market Value by 1%. This valuation gap offers $22,615 in Instant Equity. Featuring a Turnkey Condition Rating with modern finishes and a desirable unit mix, this asset provides immediate cash flow in the prestigious Arcadia School District. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, high-performing income-generating asset in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1150 Okoboji Drive Subject | $2,180,000* List Price | 0 | 0 | 4,243 | $519 | - |
A 6770 Oak Avenue Sold | $1,555,000 | 5 | 4 | 2,979 | $522 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone an extensive recent renovation within the last 5 years. The interiors feature modern shaker-style cabinetry, quartz countertops, stainless steel farmhouse sinks, and updated appliances. The flooring has been replaced with contemporary wood-look laminate, and the units have been upgraded with modern mini-split HVAC systems and recessed lighting. While some vintage elements remain, the overall quality and 'turnkey' condition of the kitchens and bathrooms meet the criteria for an extensively renovated property.
Situated in the prestigious Arcadia School District, this property ensures high tenant demand and long-term appreciation potential in a highly sought-after neighborhood.
The property is fully renovated with modern finishes and upgraded functionality, offering an immediate income-generating asset without the need for initial capital expenditures.
Featuring a mix of three 2-bedroom units and one spacious 3-bedroom unit, the property is well-positioned to attract stable, long-term tenants such as families.
Originally built in 1949, the property may possess underlying structural or utility components that require more frequent maintenance compared to newer builds.
At a list price of $2.38 million, the high price per unit may lead to a lower capitalization rate, potentially limiting immediate cash-on-cash returns for investors.
A rare and exceptional investment opportunity in the prestigious Arcadia School District! This fully renovated 4-unit property (1150–1156 Okoboji Dr) offers the perfect blend of stability, strong cash flow, and long-term upside. Thoughtfully upgraded throughout, the property features an ideal unit mix: three well-appointed 2-bedroom, 1-bath units (1150–1154) and one spacious 3-bedroom, 2-bath unit (1156). Each unit showcases modern finishes, enhanced functionality, and comfortable living spaces designed to attract quality tenants.Located in one of Arcadia’s most sought-after neighborhoods, the property enjoys close proximity to top-rated schools, premier shopping, dining, and everyday conveniences—ensuring consistent tenant demand and premium rental potential.Whether you’re expanding your portfolio or securing a high-performing asset in a prime location, this turnkey income property stands out as a true gem with both immediate returns and future growth.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 50% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 4,243 | 3,611 | 50% |
| Lot Size | 8,216 | 8,796.5 | 50% |
| Price | $2.18M | $1.87M | 50% |
| Price per sq ft | $514 | $518 | 50% |
| Built year | 1949 | 1983 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 76 | 139 | 50% |
May 21, 2026
$2,180,000
$2,380,000
-8% Price Drop
Initial Listing
Mar 29, 2026
$2,380,000
Initial Listing
Jul 7, 2006
$1,000,000
Public Record