1116 Paloma Drive, Arcadia, California 91007, Arcadia, 91007 - 3 bed, 2 bath
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Arcadia, California 91007
This Traditional Single-Family Residence represents a Strong Value Opportunity, with a List Price of $1,738,000—positioned well below the $1,847,064 Fair Market Value by 5%. This valuation provides $109,064 in Instant Equity. While maintaining a Fair Condition Rating, the property features picturesque mountain views and an expansive 14,079 sqft lot within the prestigious Arcadia Unified School District. The versatile floor plan includes a private-access multipurpose suite, offering significant upside for modernization or expansion. This is an ideal acquisition for Owner-Occupants seeking long-term appreciation or Developers looking to capitalize on the prime Lower Rancho location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 Paloma Drive Subject | $1,738,000* List Price | 3 | 2 | 2,113 | $873 | - |
A 536 Monte Vista Sold | $1,900,000 | 3 | 2 | 2,085 | $911 | 0.4 mi |
B 486 Harvard Drive Sold | $1,780,000 | 4 | 3 | 2,315 | $769 | 0.9 mi |
C 827 Hugo Reid Sold | $1,850,000 | 3 | 2 | 1,975 | $937 | 0.6 mi |
D 412 S Old Ranch Sold | $1,610,000 | 3 | 2 | 2,133 | $755 | 0.7 mi |
E 30 Cabrillo Active Under Contract | $2,180,000 List Price | 4 | 3 | 2,395 | $910 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1950s original (>20 years old) that is well-maintained but significantly dated. While it features recent cosmetic updates like new paint, light fixtures, and kitchen appliances, the core kitchen cabinetry and bathroom layouts are original. The presence of central HVAC is a plus, but the listing's suggestion of the lot as a site for a 'future dream home' confirms the structure is in 'Fair' condition relative to modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14079, living area = 2113.
The property features a generous 14,000+ square foot lot in the prestigious Lower Rancho area, providing a rare opportunity for significant expansion or the construction of a new luxury estate.
Situated in a highly sought-after Arcadia neighborhood, the home offers long-term value stability, picturesque mountain views, and proximity to top-tier local amenities.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
While well-maintained with recent cosmetic updates, the 1950s construction may require more comprehensive modernization of core systems and finishes to meet contemporary luxury standards.
The list price primarily reflects the high land value and location, which may present a high barrier for buyers who also need to budget for a full-scale renovation or rebuild.
Welcome to 1116 Paloma Drive, a home that has been lovingly held by the same family since the 1950s. Offering comfort and functionality today with the opportunity to update over time, this property presents a rare chance to enjoy now while planning for your future dream home.Situated in desirable Lower Rancho Arcadia on an expansive lot with approximately 85 feet of frontage and 166 feet of depth (just over 14,000 square feet), the setting provides exceptional space and versatility. The lot configuration also offers long-term potential for those considering expansion or the construction of a new estate home.The spacious living room is filled with natural light and features a cozy traditional fireplace along with picturesque mountain views. The family room, complete with a second brick fireplace, opens to the kitchen, creating a comfortable and connected living environment.On the east side of the home, a generous sized room with private access offers incredible flexibility. This multipurpose room is ideal for use as a guest suite/third bedroom, home office, media room, fitness studio, playroom, etc. With both front and backyard access, it provides a private and functional space adaptable to a variety of needs.The kitchen overlooks the backyard and includes a pantry, with convenient access to the laundry room. A three-quarter bathroom off the laundry room also provides direct backyard access, adding to the home's practical layout.Two well-proportioned bedrooms are located on the west side of the home. The hall bathroom has been updated with new light fixtures, new sink and new tile surrounding the bathtub.Additional highlights include new interior paint, new appliances in the kitchen, new light fixtures and central air and heat.Whether you choose to enjoy the home as-is or enhance it over time, 1116 Paloma Drive offers a unique opportunity to own a well-maintained property with both immediate livability and long-term potential in a highly sought-after neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 34% |
| Baths | 2.0 | 3.5 | 26% |
| Square foot | 2,113 | 3,017.5 | 31% |
| Lot Size | 14,079 | 13,391 | 53% |
| Price | $1.74M | $2.15M | 22% |
| Price per sq ft | $823 | $755 | 71% |
| Built year | 1950 | 1958 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 180 | 5% |
May 5, 2026
$1,738,000
Initial Listing