Listing Agent: Tim Cragoe      Broker/Office: Coldwell Banker Realty
1517 Lovell Ave. Arcadia CA 91007
$ 1,788,000
  4   |    3   |    2134 Sq Feet

Listing ID

#AR26076863

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1953

Days on website

11

Description
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.
Location
Financial Information
List Price:  $ 1788000
Property Features
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
Listed By:   Tim Cragoe   Coldwell Banker Realty 
CA Lic#