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135 Diamond Street

Arcadia, CA 91006
  • $2,688,800
  • STATUS: Active
  • ON SITE: 190 Days
  • MLS #: AR24212685
UPDATED: 26 min ago
$2,688,800
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent(s): Clinton Cheung of Coldwell Banker Dynasty T.C. (626-309-1900)


Description

4-unit Quadruplex in the heart of Arcadia within a peaceful neighborhood and highly desirable location. Strong cash flow investment and great potential for additional rental income. Great investment opportunity right across from the award winning Arcadia High School, First Ave Middle School, Public Library, Santa Anita Park and Golf Course, and nearby the Mall, Race Track, and Arboretum. The property features a new roof built in 2019 and new water heater in 2024. All units enjoy spacious bedrooms and recent upgrades. Unit 1 is 1-story approx. 1,400 rsf with 3 bed, 2 bath. Includes its own private large front yard and side yard for enjoyment. Upgraded in 2018 with a new kitchen, granite countertops, oven/range, cabinets, bathroom sinks, window blinds, paint and laminate wood flooring/baseboard throughout the unit. The master suite features its own walk in closet and full bath. Unit 2 is 2-story approx. 1,200 rsf with 2 bed, 1.5 bath and its own large backyard. Laminate wood flooring first floor and carpet second floor. Unit 3 is 2-story approx. 1,450 rsf with 3 bed, 2 bath and its own balcony. With a wide and open floorplan connecting the living room, dining room, and kitchen, it is a favorite for those with a vision. Enjoy breakfast on the covered balcony or the nook next to the kitchen. The master suite boasts a walk in closet and an additional side closet to go along with a full bath. It includes its own private garage. Unit 4 is 2-story approx. 1,400 rsf with 2 bed, 2 bath and its own balcony ideal for a breakfast nook. Brand new wood flooring Dec 2024 throughout the unit. A spacious great room layout combining dining and living with large bedrooms. The master suite features its own full bath and closet. Total approx. 5,848 sq ft, Lot size approx. 7,968 sq ft. There is additional laundry income from the closed off laundry room. Each tenant pays their own electric meter and there's one common area electric meter that Owner pays. 5 electric meters total. Each tenant pays their own gas meter and one common area meter. 5 gas meters total. Tenant pays gas for cooking. Owner pays gas for water heater. One water meter that Owner pays. 6 Carport spaces, 1 private garage, and 1 open parking space. 8 total parking spaces.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T14:37:34.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/156814234
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135 Diamond Street Arcadia, CA 91006

  • Price: $2,688,800
  • Status: Active
  • On Site: 190 Days
  • Updated: 26 min ago
  • MLS #: AR24212685
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1966
Built
Neighborhood:
605 - Arcadia
County:
Los Angeles
Area:
605 - Arcadia
Property Description
4-unit Quadruplex in the heart of Arcadia within a peaceful neighborhood and highly desirable location. Strong cash flow investment and great potential for additional rental income. Great investment opportunity right across from the award winning Arcadia High School, First Ave Middle School, Public Library, Santa Anita Park and Golf Course, and nearby the Mall, Race Track, and Arboretum. The property features a new roof built in 2019 and new water heater in 2024. All units enjoy spacious bedrooms and recent upgrades. Unit 1 is 1-story approx. 1,400 rsf with 3 bed, 2 bath. Includes its own private large front yard and side yard for enjoyment. Upgraded in 2018 with a new kitchen, granite countertops, oven/range, cabinets, bathroom sinks, window blinds, paint and laminate wood flooring/baseboard throughout the unit. The master suite features its own walk in closet and full bath. Unit 2 is 2-story approx. 1,200 rsf with 2 bed, 1.5 bath and its own large backyard. Laminate wood flooring first floor and carpet second floor. Unit 3 is 2-story approx. 1,450 rsf with 3 bed, 2 bath and its own balcony. With a wide and open floorplan connecting the living room, dining room, and kitchen, it is a favorite for those with a vision. Enjoy breakfast on the covered balcony or the nook next to the kitchen. The master suite boasts a walk in closet and an additional side closet to go along with a full bath. It includes its own private garage. Unit 4 is 2-story approx. 1,400 rsf with 2 bed, 2 bath and its own balcony ideal for a breakfast nook. Brand new wood flooring Dec 2024 throughout the unit. A spacious great room layout combining dining and living with large bedrooms. The master suite features its own full bath and closet. Total approx. 5,848 sq ft, Lot size approx. 7,968 sq ft. There is additional laundry income from the closed off laundry room. Each tenant pays their own electric meter and there's one common area electric meter that Owner pays. 5 electric meters total. Each tenant pays their own gas meter and one common area meter. 5 gas meters total. Tenant pays gas for cooking. Owner pays gas for water heater. One water meter that Owner pays. 6 Carport spaces, 1 private garage, and 1 open parking space. 8 total parking spaces.
Exterior Features

Carport Spaces 6 Carport YN Yes Entry Level 1 Entry Location Front Fencing Brick Lot Features Front YardRectangular LotStreet LevelValue In LandWalkstreet Number Of Separate Electric Meters 5 Open Parking Spaces 1 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No View Mountain(s)Trees/Woods View YN Yes

Interior Features

Appliances DishwasherGas CooktopGas OvenWater Heater Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Laminate Interior Features BalconyCeiling Fan(s)Granite CountersPrimary SuiteWalk-In Closet(s)

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingGolfParkStreet LightsSidewalks Disclosures Familial Relation Electric Expense 425 Fuel Expense 1575 Garage YN Yes Gross Income 127560 Gross Scheduled Income 127560 Insurance Expense 2800 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 Exchange Net Operating Income 95010 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 32550 Other Expense 24000 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 126960 Trash Expense 1775 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1375 Water Source Public Zoning ARR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-25T14:37:34.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Clinton Cheung of Coldwell Banker Dynasty T.C. (626-309-1900)