720 S 3rd Avenue, Arcadia, California 91006, Arcadia, 91006 - 8 bed, 5 bath
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Arcadia, California 91006
Analysis of 720 S 3rd Avenue, Arcadia, California 91006 is currently available with a list price of $2,280,000. 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.
Property is move-in ready.
Although originally built in 1930, the property has undergone significant recent renovations. The front unit and newer ADU feature modern flooring, recessed lighting, and updated bathrooms consistent with a recent remodel (<10 years). The exterior shows high pride of ownership and the systems appear updated. It is move-in ready, though the tenant-occupied rear unit may not share the same level of 'mint' finish as the renovated front portions.
This triplex offers immediate cash flow with a tenant-occupied rear unit generating $4,300 monthly, complemented by a vacant renovated front home and ADU ready for market-rate leasing or owner-occupancy.
Situated in the prestigious Arcadia School District, the property benefits from high demand and long-term value appreciation driven by proximity to award-winning schools, luxury shopping, and dining.
The unique layout featuring a 3-bedroom main house, a newer 1-bedroom ADU, and a detached 4-bedroom rear unit provides rare flexibility for multi-generational families or sophisticated investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 5.
With the original structure dating back to 1930, the property may require more intensive maintenance or upgrades to core systems compared to modern multi-family developments.
Accommodating three separate dwellings on a 9,000-square-foot lot may result in restricted private yard space for individual tenants, potentially impacting long-term rental premiums.
Rare income-producing opportunity in the highly desirable Arcadia School District! This well-maintained triplex offers exceptional flexibility for investors and owner-occupants alike.The front residence features 3 bedrooms and 3 bathrooms and has been beautifully renovated with modern finishes and thoughtful updates. Attached to the front home is a newer 1-bedroom, 1-bath ADU, ideal for extended family, guests, or additional rental income. Both the front home and the attached ADU will be delivered vacant at the close of escrow, allowing the new owner the flexibility to occupy one or both units or lease them at current market rents.The detached rear unit offers 4 bedrooms and 2 bathrooms and is currently tenant occupied generating roughly $4,050 a month, providing immediate, stable rental income from day one. With attractive curb appeal, pride of ownership throughout, and a prime location near award-winning Arcadia schools, shopping, dining, parks, and convenient transportation, this is a rare opportunity to own a versatile multi-unit property in one of Arcadia's most sought-after neighborhoods. Whether you're looking to maximize rental income, accommodate multi-generational living, or build long-term wealth, this exceptional property offers endless possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,167 | 2,100 |
| Lot Size | 9,000 | 10,113 |
| Price | $2.28M | $1.77M |
| Price per sq ft | $720 | $765 |
| Built year | 1930 | 1950 |
| HOA | $0 | $990 |
| Days on market | 21 | 56 |
Jul 5, 2026
$2,280,000
$2,250,000
+1% Price Increase
Initial Listing
Jul 1, 2026
$2,250,000
Initial Listing
Nov 3, 2020
$1,188,000
Public Record
Apr 3, 2018
$975,000
Public Record