
Arcadia, California 91006
This Premier Development Estate represents a significant Value-Add Asset listed at $3,888,000. Situated in the elite Santa Anita Oaks enclave, the property is priced relative to a $3,448,494 Fair Market Value, with the premium justified by a rare 33,987 sq ft flat lot. Featuring a Condition Rating of 5, the 1940s structure is primed for a custom luxury rebuild or major expansion to maximize the Mountain Views and private pool amenities. Located within the prestigious Arcadia Unified School District, this site offers unparalleled potential for high-end appreciation. This is an ideal acquisition for Luxury Developers or Owner-Builders seeking a bespoke residential landmark.
Property is extensive renovation needed.
Built in 1940, this property is explicitly marketed as 'ready for remodel, expansion, or a custom luxury rebuild,' indicating a need for substantial rehabilitation. The kitchen features dated tile countertops and older built-in appliances, while bathrooms also show outdated fixtures and finishes. Interior flooring is a mix of worn hardwood, old carpet, and some newer laminate, lacking cohesion and showing significant wear. The exterior amenities, particularly the pool, are in a state of disrepair. While a new roof was installed in April 2024, the overall condition of the living spaces and outdoor features requires extensive modernization and repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33987, living area = 3532.
Situated in the highly coveted Santa Anita Oaks neighborhood of Arcadia, offering proximity to top-rated schools, upscale shops, and Santa Anita Park, within the excellent Arcadia Unified School District.
Features an exceptional, nearly 34,000 sq ft flat lot, providing a rare and valuable canvas for significant development or a custom luxury estate.
Built in 1940, the existing 3,532 sq ft single-level home, while spacious, is explicitly noted as 'ready for remodel' or 'rebuild,' indicating it requires substantial modernization or replacement.
The property's full potential is contingent upon a buyer's willingness and financial capacity for a major remodel, expansion, or complete custom luxury rebuild, adding considerable cost beyond the purchase price.
With a list price of $3.888 million, the property targets a very specific, affluent buyer demographic, which may narrow the pool of potential purchasers.
Located in the coveted Santa Anita Oaks, this almost 34,000 sq ft flat lot offers rare estate potential with mountain views, a pool, and mature trees. The 3,532 sq ft single-level home features spacious rooms, natural light, and classic details—ready for remodel, expansion, or a custom luxury rebuild. Close to schools, shops, and Santa Anita Park. A premier Arcadia opportunity. New roof (April 2024).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 3,532 | 2,214 | 77% |
| Lot Size | 33,987 | 10,723 | 90% |
| Price | $3.89M | $1.66M | 87% |
| Price per sq ft | $1.1K | $767 | 98% |
| Built year | 1940 | 1952 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 149 | 177 | 35% |
Nov 24, 2025
$3,888,000
Initial Listing
Jul 9, 2014
$3,380,000
Public Record
Jun 4, 2009
$2,180,000
Public Record
Jun 17, 2002
$1,360,000
Public Record
Jun 17, 2002
$772,727
Public Record