Listing Agent: Tim Cragoe Broker/Office: Coldwell Banker Realty
1517 Lovell Ave. Arcadia CA 91007
Listing ID
#AR26076863
Status
Active
Property Type
Single Family Residence
County
Los Angeles
Year Built
1953
Days on website
11
Exceptional Investment & Development Opportunity in Prime Arcadia Location
Rare opportunity to acquire a unique multi-dwelling property situated on an expansive 18,216 sq. ft. lot (approx. 90’ x 200+), ideally oriented facing east. Located in the highly desirable Baldwin Stocker Elementary boundary (buyer to verify with the City and Arcadia Unified School District), this property offers tremendous potential for builders, investors, or end-users seeking flexibility.
The property features three separate living structures:
• A charming front ranch-style home with 2 bedrooms and 1 bathroom
• An adjacent guest unit offering 1 bedroom and 1 bathroom, ideal for extended family or additional rental income
• A rear residence with its own private yard, featuring 2 bedrooms and 1 bathroom, providing excellent privacy and strong income potential
Surrounded by mature shade and fruit trees, the lot offers a serene setting with substantial space to reimagine, expand, or build new. Whether you choose to develop, create a custom estate, or live in one unit while generating income from the others, the possibilities here are truly exceptional.
Situated in a central Arcadia location near top-rated schools, shopping, dining, and transportation, this is a rare chance to secure a large parcel with multiple income streams in a premium neighborhood.
Property is tenant-occupied and will be sold with tenants in place.
Accepted offer subject to interior inspection only, please do not walk the property or disturb occupants.
High School District:
Arcadia Unified
Levels:
One
Senior Community YN:
false
Structure Type:
House
Water Source:
Public
High School District:
Arcadia Unified
Senior Community YN:
false
MLS Area Major:
605 - Arcadia
City:
Arcadia
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Listed By:
Tim Cragoe
Coldwell Banker Realty
CA Lic#
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