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135 Diamond Street Arcadia, CA 91006

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For Sale
$2,498,000

Four-unit property near Arcadia High School with strong cash flow.

Type:Multifamily
Added:
Oct 17, 2024
Days on Market:
532
Last Refresh:
Mar 16 at 3:21 pm

Property Features for 135 Diamond Street

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Clinton Cheung

Listing agent Clinton Cheung License #02109380

Listing office Coldwell Banker Dynasty T.C.

Listing date Oct 17, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Dynasty T.C.


Overview

Arcadia Quadruplex Investment Opportunity

This four-unit quadruplex is located in Arcadia, in a desirable neighborhood. The property presents a strong cash flow investment with potential for additional rental income. It is situated across from Arcadia High School, First Ave Middle School, the Public Library, Santa Anita Park and Golf Course, and is near the Mall, Race Track, and Arboretum. The property features a new roof built in 2019 and a new water heater installed in 2024. All units have spacious bedrooms and recent upgrades. Unit 1 is a one-story unit with approximately 1,400 square feet, featuring 3 bedrooms and 2 bathrooms. It includes a private front yard and side yard. Upgrades in 2018 included a new kitchen with granite countertops, oven/range, cabinets, bathroom sinks, window blinds, paint, and laminate wood flooring/baseboard. The master suite has a walk-in closet and full bath. Unit 2 is a two-story unit with approximately 1,200 square feet, featuring 2 bedrooms, 1.5 bathrooms, and a large backyard, with laminate wood flooring on the first floor and carpet on the second floor. Unit 3 is a two-story unit with approximately 1,450 square feet, featuring 3 bedrooms, 2 bathrooms, and a balcony. It has an open floorplan connecting the living room, dining room, and kitchen, and includes a covered balcony and breakfast nook. The master suite includes a walk-in closet, an additional side closet, and a full bath, as well as a private garage. Unit 4 is a two-story unit with approximately 1,400 square feet, featuring 2 bedrooms, 2 bathrooms, and a balcony. New wood flooring was installed in December 2024.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Arcadia
County
Los Angeles
State
California
Longitude
-118.0267866
Latitude
34.1360116

FAQs

What type of property is this?
Quadplex - Four-unit property near Arcadia High School with strong cash flow.
Where is this quadplex located?
The property is located at 135 Diamond Street Arcadia, CA.
What is the asking price?
The asking price for this property is $2,498,000.
What are key features of this property?
This property features: Prime location in Arcadia, across from Arcadia High School, near other schools, library, Santa Anita Park and Golf Course, mall, racetrack, and Arboretum.; Strong cash flow investment with potential for increased rental income.; Four units provide diverse rental opportunities and income streams.
More about this property
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