
Arcadia, California 91007
This High-Potential Investment Opportunity is a remodeled triplex listed at a List Price of $2,950,000, which aligns closely with the $2,921,891 Fair Market Value. Featuring a Condition Rating of 3, the property offers immediate rental stability with significant upside for rent growth. The expansive 0.41-acre lot provides rare land-use flexibility, complemented by a swimming pool and spa. This asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-producing property in a high-demand Arcadia neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9844 E Lemon Subject | $2,950,000* List Price | 0 | 0 | 3,923 | $745 | - |
A 639 W Longden Sold | $2,900,000 | 6 | 6 | 5,368 | $540 | 0.3 mi |
B 602 W Woodruff Sold | $2,388,000 | 6 | 4 | 3,629 | $658 | 0.7 mi |
C 444 W Naomi Avenue Sold | $2,438,220 | 3 | 2 | 2,682 | $909 | 0.7 mi |
D 541 Rosemarie Pending | $2,218,000 List Price | 4 | 3 | 2,991 | $742 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1957, the property has undergone a recent interior remodel featuring modern white shaker cabinets, stone countertops, and updated flooring. The kitchen appears to be renovated within the last 5 years, though some minor finishing (missing appliance and floor patch) is visible. The overall condition is move-in ready and well-maintained for a multifamily asset.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17972, living area = 3923.
The property features three remodeled, income-producing units with stable tenants and significant upside potential for rent increases in a high-demand Arcadia market.
Situated on an expansive 0.41-acre lot, this property offers rare scale, privacy, and long-term land value flexibility that is difficult to find in traditional multifamily listings.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3923, other record living area = 3349.
At a list price of $2.95 million, the initial capitalization rate may be lower for investors until the projected rent increases are fully realized.
Originally built in 1957, the property may require ongoing maintenance of older core systems and utility infrastructure despite the recent cosmetic and interior remodeling.
3-Unit Masterpiece! An exceptional opportunity to own a beautifully remodeled triplex situated on an expansive approximately 0.41-acre lot in one of Arcadia’s highly desirable residential neighborhoods. Comprised of three separate units—9844, 9846, and 9848 E. Lemon Avenue—the property offers a rare combination of substantial land, multiple income-producing residences, and outstanding long-term flexibility. This triplex has been thoughtfully remodeled, offering an attractive turnkey opportunity for both investors and owner-users seeking a well-maintained multifamily property. The versatile configuration provides the benefits of three independent residences while occupying a single generous parcel, creating an especially compelling opportunity in a market where properties offering this combination of scale and income are rarely available. The expansive grounds provide a sense of privacy and space that is difficult to find among multifamily properties, complemented by an existing swimming pool that adds to the property’s recreational appeal. The large lot and three-unit configuration create an abundance of possibilities for an owner looking to enjoy immediate rental income while holding a valuable Arcadia asset for the long term. Ideally located in the heart of the San Gabriel Valley, the property offers convenient access to shopping, dining, parks, transportation, and the many amenities that make Arcadia one of the area’s most sought-after communities. Have long term and very stable tenants with a lot of potential rent increase!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.1 |
| Square foot | 3,923 | 2,358 |
| Lot Size | 17,972 | 10,956.875 |
| Price | $2.95M | $1.82M |
| Price per sq ft | $752 | $760 |
| Built year | 1957 | 1954 |
| HOA | $0 | $990 |
| Days on market | 7 | 50 |
Sep 2, 2026
$2,950,000
Initial Listing
Dec 6, 2018
$1,575,000
Public Record