• 1517 Lovell Avenue Arcadia, CA 91007

  • $2,500,000
  • 4
    Bed(s)
  • 3
    Baths
  • 2,134
    Sq Ft
  • 18210
    Sqft
  • Listed By: Christina Karagias, Andrew N Demopulos, BROKER, DRE #00838478
  • Source: CRMLS

Welcome to this incredible residential opportunity in a charming duplex property, totaling 2,134 square feet of living space, nestled on a spacious 18,210 square foot lot. This unique property provides the perfect blend of space, privacy, and investment potential, making it a rare find in today's real estate market. As you enter the property, you'll be greeted by a cozy front ranch house featuring two bedrooms and one bath. This well-maintained home offers a warm and inviting atmosphere, making it an ideal space to call home. The layout is thoughtfully designed, providing comfort and convenience. Adjacent to the front ranch house, you'll discover a separate guest suite. This self-contained space features one bedroom and one bathroom, offering versatility for extended family living, guests, or potential rental income. Whether you choose to utilize it for personal use or generate extra revenue, this suite is a valuable addition. Further enhancing the property's potential is the rear house, boasting two bedrooms and one full bathroom. With its own entrance and private living space, this rear house provides additional living quarters or income-generating possibilities. The well-appointed layout ensures that you or your tenants can enjoy comfort and privacy. The vast 18,210 square foot lot is a true gem, featuring a lush yard adorned with mature trees. This outdoor oasis offers shade, serenity, and a serene atmosphere, perfect for relaxation or outdoor activities. Whether you're a nature enthusiast or simply appreciate the beauty of a well-landscaped yard, this property will captivate your senses. This duplex property presents an exceptional opportunity for both homeowners and investors. Live in one of the houses while renting out the other, allowing you to enjoy the benefits of property ownership with supplementary income. Alternatively, the lot's size and layout provide flexibility for further development, including the possibility of constructing a main house and two accessory dwelling units. The choice is yours, making this property a versatile investment with endless potential. Don't miss your chance to own this remarkable duplex property with limitless opportunities. Contact us today to schedule a viewing and explore the possibilities this unique residence has to offer. Your dream home, income property, or development project awaits!

Property Type :

Residential

County :

Los Angeles

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 4

Bathroom Information

Total Baths: 3

Full Baths: 3

Water/Sewer

Water Source : Public

Sewer : Private Sewer

Interior Features

Interior Features: All Bedrooms Down

Fireplace: None

Cooling Features

None

Air Conditioning

Fireplace

Fireplace Features: None

Has Fireplace: 0

Building Information

Year Built: 1953

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.418

Lot Size Source: Assessor

Lot Size Square Feet: 18210

Listing Price Information

Original List Price: 2,500,000

Listing Contract Date: 2023-11-01

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5785001020

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 605 - Arcadia

Postal Code Plus 4: 7904

Directions: South of Camino Real Ave between Baldwin Ave and Holly AVenue

Zoning: ARR1YY

Source Property Type: Residential

Area: 605 - Arcadia

Property SubType: Duplex

Building and Construction

Property Age: 71

Common Walls: No Common Walls

Structure Type: Duplex

Year Built Source: Assessor

Total Square Feet Living: 2134

Entry Level: 1

Entry Location: Lovell

Levels or Stories: One

Building Total Stories: 1

Structure Type: Duplex

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
505 N Old Ranch Road, Arcadia, CA,91007 $2,980,000 3 2 2,305 24458 Sqft
1228 Temple City Blvd, Arcadia, CA,91007 $6,343,000 -- -- 8,346 18730.8 Sqft
1222 Temple City Blvd, Arcadia, CA,91007 $7,177,000 -- -- 9,443 18730.8 Sqft
470 Fairview Avenue, Arcadia, CA,91007 $2,500,000 6 6 4,076 9992 Sqft
309 S Baldwin Avenue, Arcadia, CA,91007 $3,750,000 12 -- 7,432 21996 Sqft
914 Fairview Avenue #15, Arcadia, CA,91007 $985,000 2 1 1,206 37803 Sqft
217 W Norman Avenue, Arcadia, CA,91007 $2,368,000 4 3 2,521 23805 Sqft
407 Oxford Drive, Arcadia, CA,91007 $3,775,000 5 5 5,307 17795 Sqft
448 Oxford Drive, Arcadia, CA,91007 $3,800,000 4 4 4,822 13726 Sqft
263 W Longden Avenue, Arcadia, CA,91007 $6,500,000 5 3 9,875 23907 Sqft

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ByOwner last updated this listing 05/03/2024 @ 19:59

MLS: AR23203216
LISTED BY: Christina Karagias, Andrew N Demopulos, BROKER
SOURCE: CRMLS
Buyer Agency Compensation: 4%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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