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1150 Okoboji Drive, Arcadia, California 91007, Arcadia, 91007 - bed, bath

1150 Okoboji Drive, Arcadia, California 91007 home-pic-0
ACTIVE$2,488,000
1150 Okoboji Drive, Arcadia, California 91007
0Bed
0Bath
4,243Sqft
8,216Lot
Year Built
1949
Close
-
List price
$2.49M
Original List price
$2.55M
Price/Sqft
$586
HOA
-
Days on market
-
Sold On
-
MLS number
AR25199731
Home ConditionGood
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.49M(83th), sqft - 4243(67th), beds - undefined(50th), baths - undefined(50th).

Exceptional investment opportunity in the heart of Arcadia. This well-maintained 4-unit income property is located within the highly desirable Arcadia Unified School District, offering top-rated schools and strong tenant demand. Each unit is in great condition and generates steady rental income. The property has been retrofitted from ground grade for earthquake safety, adding peace of mind and long-term value. Prime location near Westfield Santa Anita Mall, H Mart, Trader Joe’s, parks, and dining options provides tenants with unmatched convenience. With its rare availability, stable rental history, and pride of ownership, 1150 Okoboji Dr is a true gem in today’s market.

Price History

Date
Event
Price
10/26/25
Price Change
$2,488,000-2.3%
09/05/25
Listing
$2,545,800
Condition Rating
Good
Despite being built in 1949, the property's units appear to have undergone significant renovations, particularly in the kitchens and flooring, which look modern and well-maintained. The kitchens feature updated cabinets, countertops, backsplashes, and modern sinks, with a mix of stainless and white appliances. Flooring is a mix of contemporary laminate and hardwood, all in good condition. The description states 'Each unit is in great condition' and the property has been retrofitted for earthquake safety, indicating major system updates. While some elements like window AC units suggest not all systems are brand new, the overall condition is move-in ready with no immediate renovations required, aligning with the 'Good' score criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Exceptional Investment Opportunity: This is a well-maintained 4-unit income property, explicitly highlighted as an 'exceptional investment opportunity' with 'steady rental income' and 'stable rental history'.
Prime Location & Amenities: Situated in a prime location near major retail (Westfield Santa Anita Mall, H Mart, Trader Joe’s), parks, and dining options, offering unmatched convenience for tenants.
Top-Rated School District: Located within the highly desirable Arcadia Unified School District, which attracts strong tenant demand and contributes to long-term property value.
Earthquake Safety Retrofit: The property has been retrofitted from ground grade for earthquake safety, providing enhanced structural integrity, peace of mind, and added long-term value.
Well-Maintained Units: Each unit is described as being in 'great condition,' suggesting a property that has been cared for and requires minimal immediate tenant-related repairs.

Cons

Age of Property: Built in 1949, the property's age may imply older infrastructure (e.g., plumbing, electrical systems) that could require significant capital expenditure for upgrades in the future, despite current good condition.
Lack of Specific Modernization Details: While units are in 'great condition,' the description does not detail recent interior renovations or modern amenities, which might suggest dated aesthetics or features that could limit rent growth potential without further investment.
Recent Price Reduction: The property has undergone a recent price reduction from $2.5458M to $2.488M, which could indicate initial overpricing or slower market absorption, potentially signaling a need for further negotiation or a more cautious valuation.

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