Whether to sell a property in Arcadia

[Fernando Corrado]

Hello all,

I have a property in Arcadia, California that I'm debating whether to sell as is, sell after fixing up, or renting out. The property is around 2900 sq ft and ideally would need a new paint, carpet, 3 bathrooms to be updated, new floors and tiles in the kitchen.  

Question is:

- In Arcadia, how it the market with regards to seeing much of a difference in fixing it up before selling.  Often buyers will redo the home anyway in this area.

- Does it make sense to rent at this price range?  Zillow and Trulia estimate the price at 1.4m to 1.5m. Do we expect more appreciation in this area or is it pretty capped out?  I prefer passive income over appreciation at this point.

thanks!