154 Diamond Street, Arcadia, California 91006, Arcadia, 91006 - 0 bed, 0 bath
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154 Diamond Street
Arcadia, California 91006
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,485Sq Ft
8,013Lot Size
Property Price
LIST PRICE$2,150,000
EST. MARKET VALUE
$2,320,614
7% BelowMARKET VALUE
SUMMARY
This Turnkey Triplex represents a Strong Value Opportunity, listed at $2,150,000—positioned well below the $2,315,400 Fair Market Value by 7%. This valuation gap offers $165,400 in Instant Equity for the buyer. Featuring a Good Condition Rating with 2023 HVAC upgrades and a prime location in the Arcadia Unified School District, this asset provides immediate, stable cash flow. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-maintenance, high-demand rental property.
Estimated Market Value
$2,320,614+$170,614 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Arcadia.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 154 Diamond Street Subject | $2,150,000* List Price | 0 | 0 | 3,485 | $666 | - |
A 1200 S Santa Anita Sold | $2,050,000 | 5 | 3 | 3,237 | $633 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 1988 (36 years old), it is rated Good due to its 'turnkey' status and significant recent capital improvements, specifically the installation of brand-new HVAC systems in all units in 2023. The description indicates pride of ownership and a well-maintained, move-in ready condition that exceeds the typical 'Fair' or 'Poor' expectations for its age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Schools
Situated within the prestigious Arcadia Unified School District, this property ensures high tenant demand and long-term asset appreciation in a top-tier rental market.
- Recent Capital Improvements
The installation of brand-new air conditioning systems in all three units in 2023 significantly reduces immediate maintenance liabilities and enhances tenant comfort.
- Turnkey Cash Flow
The property is fully occupied with a favorable unit mix, including a large 3-bedroom townhome, providing immediate rental income and a stable investment profile.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
With a list price of $2.15 million, the entry point is high, which may result in a lower capitalization rate compared to multi-family assets in less premium neighborhoods.
- Limited Value-Add Opportunity
As a well-maintained, turnkey asset with existing tenants, there is limited potential for immediate forced appreciation through major renovations or rent hikes.
About 154 Diamond Street
Exceptional Arcadia Triplex + Turnkey Investment + Immediate Cash Flow! Located within the highly acclaimed Arcadia Unified School District. This well-maintained, fully occupied triplex provides the ideal unit mix. Featuring a 3 bedroom, 2.5 bathroom townhome style front unit and two spacious 2 bedroom, 2 bathroom units that offers broad tenant appeal and strong, consistent rental income. Each unit is separately metered for gas and electric with functional floor plans, generous living space, attached direct access 2 car garages and individual washer/dryer hookups for added tenant convenience. Pride of ownership is evident throughout, making this a true turnkey asset. This premier income property attracts quality, long-term tenants and enjoys excellent rental demand. With all units leased and producing immediate cash flow, this is excellent for investment or exchange on a stable income property in one of the San Gabriel Valley's strongest rental markets. Rarely available in such a prime location, this Arcadia triplex offers the perfect combination of location, quality, and long-term investment potential. Don't miss this outstanding opportunity!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1988
- Lot Size
- 8,013 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,485 | 1,464 |
| Lot Size | 8,013 | 7,408 |
| Price | $2.15M | $1.48M |
| Price per sq ft | $617 | $875 |
| Built year | 1988 | 1950 |
| HOA | $0 | $0 |
| Days on market | 37 | 58 |
Pricing History
Listed for Sale
Aug 3, 2026
$2,150,000
Initial Listing
Sold
Jul 1, 1997
$196,000
Public Record