1227 S 8th Avenue, Arcadia, California 91006, Arcadia, 91006 - 3 bed, 3 bath
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Arcadia, California 91006
This Prime Development Asset is listed at $2,180,000, reflecting the significant land value of its expansive 20,603 sq. ft. flat lot. While the $1,935,446 Fair Market Value indicates a market premium, the property’s Multi-Unit Configuration—featuring two homes—and 93-foot frontage provide a rare Value-Add Opportunity. Currently holding a Condition Rating of 4, the site is primed for luxury redevelopment within the prestigious Arcadia Unified School District. This is a high-upside acquisition perfectly suited for Real Estate Developers or Builders looking to maximize square footage in a top-tier neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 S 8th Avenue Subject | $2,180,000* List Price | 3 | 3 | 2,372 | $816 | - |
A 1317 1317 South Santa Anita Avenue Sold | $1,600,000 | 4 | 2 | 1,917 | $835 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was remodeled in 2007, making the updates approximately 17 years old, which falls into the 'Fair' category (15-30y reno). While the structures appear functional, the listing's heavy emphasis on 'development opportunity' and 'land value' suggests the 1936-built homes are dated and primarily suited for major renovation or redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20603, living area = 2372.
The massive 20,603 sq. ft. flat lot with 93 feet of frontage provides a rare and lucrative opportunity for luxury redevelopment or significant expansion in a high-demand neighborhood.
Featuring both a 2,372 sq. ft. main residence and an 840 sq. ft. back house, the property offers versatile options for multi-generational living or immediate rental income potential.
The requirement for the buyer to verify permits and square footage for the back house suggests potential regulatory hurdles or unpermitted structures that could complicate financing.
With the original structure dating back to 1936, the property likely requires substantial capital investment for updates or a complete teardown to meet modern luxury standards.
Prime development opportunity in a desirable Arcadia neighborhood. 1227 8th Ave, Arcadia sits on a flat lot of approximately 20,603 sq.ft., with 93 sf frontage, offering strong potential for renovation, expansion, or redevelopment. The existing structure provides a value-add opportunity, while the lot size and location make this property ideal for builders, developers, or investors seeking to maximize land value. Excellent upside through remodel or new construction. Currently it has 2 houses on the property. Main house approximate 2,372 Sq. ft. has 4BD/2.5BA with a basement, extra large family room. Remodeled in 2007. The back house has 2Bd/ 1.75BA approximate 840 sq. ft. buyer to verify permits, square footage.Conveniently located near top-rated Arcadia schools, shopping, dining, and parks. Rare chance to acquire a large lot in a high-demand Arcadia location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,372 | 2,186 | 55% |
| Lot Size | 20,603 | 10,338.5 | 82% |
| Price | $2.18M | $1.66M | 71% |
| Price per sq ft | $919 | $763 | 84% |
| Built year | 1936 | 1952 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 143 | 7% |
May 4, 2026
$2,180,000
Initial Listing
Dec 5, 2014
$1,620,000
Public Record
May 20, 2009
$895,000
Public Record
Oct 19, 2004
$860,000
Public Record