135 Diamond Street, Arcadia, California 91006, Arcadia, 91006 - bed, bath
135 Diamond Street
Arcadia, California 91006
Property Price
SUMMARY
Analysis of 135 Diamond Street, Arcadia, California 91006 is currently available with a list price of $2,498,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Arcadia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1966, has undergone significant recent upgrades that elevate its condition. A new roof (2019) and water heater (2024) address major systems. Unit 1 was extensively upgraded in 2018 with a new kitchen (granite countertops, cabinets, oven/range), bathroom sinks, paint, and laminate flooring. Unit 4 received brand new wood flooring in December 2024. While some elements like popcorn ceilings, the fireplace facade, and the presence of window AC units (suggesting no central AC) reflect the property's age and prevent an 'Excellent' rating, the substantial and recent renovations across multiple units, particularly in kitchens and bathrooms, make it move-in ready with well-maintained systems. The overall condition aligns with a 'Good' rating, indicating it's functional and appealing without immediate major renovation needs.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Situated in the highly desirable heart of Arcadia, directly opposite top-rated schools (Arcadia High, First Ave Middle), public library, and close to major attractions like Santa Anita Park and shopping.
- Robust Investment Potential
A 4-unit quadruplex designed for strong cash flow, offering potential for additional rental income and a favorable tenant-paid utility structure for individual units.
- Recent Major Capital Upgrades
Key infrastructure improvements include a new roof (2019) and a new water heater (2024), minimizing immediate large-scale maintenance costs for the investor.
CONSRISKS & DEFICIENCIES
- Property Age & Potential Maintenance
Constructed in 1966, the building's age, despite recent updates, may lead to higher long-term maintenance requirements or necessitate future capital expenditures beyond current upgrades.
- Substantial Price Adjustment
A significant price reduction from the initial listing ($3.198M to $2.498M) could suggest an initial overvaluation or indicate market resistance, potentially impacting perceived value.
- Owner-Covered Utility Expenses
The owner is responsible for common area electric/gas and the entire water bill, which represents a notable ongoing operational expense that could impact net income.
About 135 Diamond Street
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1966
- Lot Size
- 7,968 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,848 | 5,352.5 | 50% |
| Lot Size | 7,968 | 8,073.5 | 50% |
| Price | $2.50M | $2.22M | 50% |
| Price per sq ft | $427 | $413 | 50% |
| Built year | 1966 | 1966 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 506 | 285 | 0% |
Pricing History
Listed for Sale
Dec 25, 2025
$2,498,000
Initial Listing
Price Change
Oct 16, 2024
$3,198,800
Initial Listing