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147 California ST Arcadia, CA 91006
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Key Details
Sold Price $2,050,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR26022206
Sold Date 03/24/26
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1973
Lot Size 8,001 Sqft
Property Sub-Type Quadruplex
Property Description
151 California is a fully leased four-unit multifamily property located on a quiet, tree-lined street in the heart of Arcadia. The property features four large, well-configured units and a history of stable, long-term tenancy, providing immediate and reliable cash flow from day one. Current rents are below market, offering a clear and achievable opportunity for future income growth through natural turnover or strategic rent adjustments.
The asset benefits from Arcadia's consistently strong rental demand, limited multifamily supply, and desirable residential character. Tenants enjoy proximity to shopping, dining, schools, and major commuter routes, while the surrounding neighborhood reflects great pride of ownership. Four-unit properties of this quality and scale rarely come to market in Arcadia, making this an attractive option for investors seeking a low-management, income-producing asset with built-in upside in one of the San Gabriel Valley's most stable submarkets.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Interior
Flooring Carpet, Laminate
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Parking Features Assigned, Carport, Garage
Garage Spaces 2.0
Carport Spaces 6
Garage Description 2.0
Pool None
Community Features Biking, Dog Park, Foothills, Golf, Hiking, Park, Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s)
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Rectangular Lot, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 5773020014
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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