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147 California Street
Listed by Joshua McIntire with McIntire Real Estate Inc. 818-618-7990
$2,050,000

147 California Street

5,203 Sq.Ft. 8,003 Sq.Ft.

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.

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Location

147 California Street, Arcadia, CA 91006

Status

Sold
Bia Kasten

Bia Kasten

TITLE

Partner

Property Amenities

Interior
Laundry room Common Area
Fireplace Living Room
Flooring Carpet, Laminate
Area & Lot
Total area 5,203 Sq.Ft.
Lot Area 8,003 Sq.Ft.
Living area 5,203 Sq.Ft.
MLS® ID AR26022206
Year Built 1973
View Description Mountain(s)
Type Multi-Family
Status Sold
Exterior
Stories 2
Pool None
Water Source Public
Garage Space 2.0
Sewer Public Sewer
Parking Assigned, Carport, Garage
Lot Features Landscaped, Rectangular Lot, Sprinkler System
Utilities Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $2,050,000
Maintenance Fee $18,997 monthly

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