148 California Street, Arcadia, California 91006, Arcadia, 91006 - bed, bath
ACTIVE$1,998,000$4,857/sqft
148 California Street, Arcadia, California 91006
0Bed
0Bath
4,857Sqft
8,179Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income & Growth Potential: Fully tenant-occupied, this fourplex offers immediate rental income and strong long-term growth potential as an outstanding income-producing opportunity.
Top Cons:
Property Age: Built in 1965, the property's age, despite being well-maintained, may imply potential for future system upgrades or higher maintenance costs compared to newer constructions.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1965 (61 years old).
Condition: The property was built in 1965, making it 59 years old. While the description states it is 'well-maintained' with 'thoughtful upkeep' and the exterior images support a tidy appearance, there are no interior photos provided. Without visual evidence of the kitchens, bathrooms, flooring, or appliances, it's highly probable that these key areas, despite being functional, would show signs of being outdated in style and condition given the property's age. The presence of central air conditioning suggests some updates, but not necessarily a full aesthetic renovation. This aligns with the 'Fair' criteria of being aged but maintained, with functional major components that show signs of being outdated, likely requiring minor updates or repairs to meet current standards.
Year Built
1965
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
AR26000297
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Rarely available in Arcadia, this well-maintained fourplex is an outstanding income-producing opportunity within the highly regarded Arcadia School District. The property features one spacious three-bedroom, two-bath unit with a on site laundry room, along with two comfortable two-bedroom, one-bath units and one one bed one bath unit. A community laundry facility, central air conditioning, and private patio areas for each residence enhance tenant appeal. Fully tenant-occupied, the building provides immediate rental income and long-term growth potential. With attractive curb appeal, thoughtful upkeep, and a prime location near schools, shopping, and dining, this quadplex is a rare find in a market where such properties seldom come to market.
A
Ash Rizk
Listing Agent
Condition Rating
Fair
The property was built in 1965, making it 59 years old. While the description states it is 'well-maintained' with 'thoughtful upkeep' and the exterior images support a tidy appearance, there are no interior photos provided. Without visual evidence of the kitchens, bathrooms, flooring, or appliances, it's highly probable that these key areas, despite being functional, would show signs of being outdated in style and condition given the property's age. The presence of central air conditioning suggests some updates, but not necessarily a full aesthetic renovation. This aligns with the 'Fair' criteria of being aged but maintained, with functional major components that show signs of being outdated, likely requiring minor updates or repairs to meet current standards.
Pros & Cons
Pros
Immediate Income & Growth Potential: Fully tenant-occupied, this fourplex offers immediate rental income and strong long-term growth potential as an outstanding income-producing opportunity.
Prime Location & School District: Situated in a highly regarded Arcadia School District, the property boasts a prime location near schools, shopping, and dining, enhancing its desirability.
Rarity in Market: This quadplex is a rare find in Arcadia, a market where such well-maintained income properties seldom come to market, indicating high demand and limited supply.
Well-Maintained & Curb Appeal: The property benefits from thoughtful upkeep, well-maintained condition, and attractive curb appeal, suggesting reduced immediate capital expenditures for a new owner.
Tenant-Appealing Amenities: Features like central air conditioning, private patio areas for each residence, and a community laundry facility enhance tenant appeal and retention.
Cons
Property Age: Built in 1965, the property's age, despite being well-maintained, may imply potential for future system upgrades or higher maintenance costs compared to newer constructions.
Limited In-Unit Laundry: Only one unit features an on-site laundry room, with the other three units relying on a community laundry facility, which might be less convenient for some tenants.
Undisclosed Parking Details: The description does not specify dedicated parking arrangements for each unit, which could be a potential concern or missing amenity for tenants in a multi-unit property.