135 Diamond Street, Arcadia, California 91006, Arcadia, 91006 - 0 bed, 0 bath
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Arcadia, California 91006
This Prime Quadruplex Asset is listed at $2,498,000, positioned accurately at its $2,498,000 Fair Market Value. Featuring a Condition Rating of 3, the property benefits from significant capital improvements including a 2019 Roof, 2024 Water Heater, and separate utility meters that minimize owner expenses and drive net operating income. Its location directly across from the award-winning Arcadia High School ensures consistent rental demand and long-term appreciation. This stable income-producing property is an ideal fit for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality multi-family residence in a premier neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 135 Diamond Street Subject | $2,498,000* List Price | 0 | 0 | 5,848 | $427 | - |
A 147 California Street Sold | $2,050,000 | 0 | 0 | 5,203 | $394 | 0.1 mi |
B 148 California Street Sold | $1,940,000 | 0 | 0 | 4,857 | $399 | 0.0 mi |
C 25 Fano Street Active | $1,998,000 List Price | 0 | 0 | 4,100 | $487 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1966 quadruplex is in move-in ready condition with several recent capital improvements that elevate it above a 'fair' rating. Key updates include a new roof installed in 2019, a new water heater in 2024, and brand-new laminate wood flooring in Unit 4 as of December 2024. While the kitchens and bathrooms feature some dated elements—such as tile countertops, older cabinetry, and popcorn ceilings—they are well-maintained and functional. The property benefits from recent interior refreshes including paint and flooring updates across multiple units, and the exterior appears structurally sound with functional utility metering.
The property is exceptionally located directly across from award-winning Arcadia High School and within walking distance to the public library, Santa Anita Park, and the Westfield Santa Anita mall, ensuring high tenant demand.
Significant infrastructure updates, including a new roof installed in 2019 and a new water heater in 2024, along with recent interior renovations in Units 1 and 4, minimize immediate deferred maintenance costs.
The building features five separate electric and gas meters, allowing tenants to pay their own primary utility costs, which significantly reduces the owner's operating expenses and enhances net operating income.
The property utilizes a single master water meter paid by the owner, creating an uncontrollable variable expense that can impact profitability depending on tenant consumption.
With only one private garage for four units, the majority of the parking consists of carports and open spaces, which may be a drawback for tenants seeking higher security or enclosed storage.
4-unit Quadruplex in the heart of Arcadia within a peaceful neighborhood and highly desirable location. Strong cash flow investment and great potential for additional rental income. Great investment opportunity right across from the award winning Arcadia High School, First Ave Middle School, Public Library, Santa Anita Park and Golf Course, and nearby the Mall, Race Track, and Arboretum. The property features a new roof built in 2019 and new water heater in 2024. All units enjoy spacious bedrooms and recent upgrades. Unit 1 is 1-story approx. 1,400 rsf with 3 bed, 2 bath. Includes its own private large front yard and side yard for enjoyment. Upgraded in 2018 with a new kitchen, granite countertops, oven/range, cabinets, bathroom sinks, window blinds, paint and laminate wood flooring/baseboard throughout the unit. The master suite features its own walk in closet and full bath. Unit 2 is 2-story approx. 1,200 rsf with 2 bed, 1.5 bath and its own large backyard. Laminate wood flooring first floor and carpet second floor. Unit 3 is 2-story approx. 1,450 rsf with 3 bed, 2 bath and its own balcony. With a wide and open floorplan connecting the living room, dining room, and kitchen, it is a favorite for those with a vision. Enjoy breakfast on the covered balcony or the nook next to the kitchen. The master suite boasts a walk in closet and an additional side closet to go along with a full bath. It includes its own private garage. Unit 4 is 2-story approx. 1,400 rsf with 2 bed, 2 bath and its own balcony ideal for a breakfast nook. Brand new wood flooring Dec 2024 throughout the unit. A spacious great room layout combining dining and living with large bedrooms. The master suite features its own full bath and closet. Total approx. 5,848 sq ft, Lot size approx. 7,968 sq ft. There is additional laundry income from the closed off laundry room. Each tenant pays their own electric meter and there's one common area electric meter that Owner pays. 5 electric meters total. Each tenant pays their own gas meter and one common area meter. 5 gas meters total. Tenant pays gas for cooking. Owner pays gas for water heater. One water meter that Owner pays. 6 Carport spaces, 1 private garage, and 1 open parking space. 8 total parking spaces.
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 | 5,848 | 5,030 | 75% |
| Lot Size | 7,968 | 7,985.5 | 50% |
| Price | $2.50M | $2.00M | 75% |
| Price per sq ft | $427 | $413 | 50% |
| Built year | 1966 | 1970 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 553 | 97 | 0% |
Dec 25, 2025
$2,498,000
Initial Listing
Oct 16, 2024
$3,198,800
Initial Listing