147 California Street, Arcadia, California 91006, Arcadia, 91006 - bed, bath
147 California Street
Arcadia, California 91006
Property Price
SUMMARY
Analysis of 147 California Street, Arcadia, California 91006 is currently available with a list price of $1,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1973, the property appears well-maintained externally with neat landscaping and clean common areas. However, the lack of interior photos, combined with the description of long-term tenancies and below-market rents, suggests that the kitchens and bathrooms are likely dated and have not undergone recent major renovations. The listing's own analysis identifies aging infrastructure as a weakness, consistent with a property that is functional but shows signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property is fully leased with a history of stable, long-term tenancy, ensuring reliable income for an investor from the first day of ownership.
- Significant Rental Upside
Current rents are positioned below market rates, providing a clear opportunity to increase Net Operating Income through strategic rent adjustments or natural turnover.
- Prime Arcadia Location
Situated in a high-demand submarket with limited multifamily supply, the asset benefits from proximity to top-tier schools, shopping, and major commuter routes.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1973, the property may require capital improvements or modernization of major systems to maintain its competitive edge against newer developments.
- Limited Lot Utility
The 8,003 square foot lot is relatively compact given the large building footprint, which may limit outdoor amenities or the potential for future parking expansion.
- Initial Yield Constraints
Because current rents are below market, the initial capitalization rate may be lower than desired until the investor can successfully execute the value-add rent increases.
About 147 California Street
151 California is a fully leased four-unit multifamily property located on a quiet, tree-lined street in the heart of Arcadia. The property features four large, well-configured units and a history of stable, long-term tenancy, providing immediate and reliable cash flow from day one. Current rents are below market, offering a clear and achievable opportunity for future income growth through natural turnover or strategic rent adjustments. The asset benefits from Arcadia’s consistently strong rental demand, limited multifamily supply, and desirable residential character. Tenants enjoy proximity to shopping, dining, schools, and major commuter routes, while the surrounding neighborhood reflects great pride of ownership. Four-unit properties of this quality and scale rarely come to market in Arcadia, making this an attractive option for investors seeking a low-management, income-producing asset with built-in upside in one of the San Gabriel Valley’s most stable submarkets.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1973
- Lot Size
- 8,003 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 | 5,203 | 5,030 | 50% |
| Lot Size | 8,003 | 8,091 | 50% |
| Price | $1.95M | $1.95M | 50% |
| Price per sq ft | $375 | $387 | 50% |
| Built year | 1973 | 1969 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 49 | 50% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,950,000
Initial Listing