RealKey
‪(213) 433-7766‬

1324 S 1st Avenue, Arcadia, California 91006, Arcadia, 91006 - 2 bed, 2 bath

1324 S 1st Avenue, Arcadia, California 91006 home-pic-0
ACTIVE$1,400,000
1324 S 1st Avenue, Arcadia, California 91006
2Beds
2Baths
1,544Sqft
18,403Lot

Price Vs. Estimate

The estimated value ($1,388,847.12) is $11,152.88 (0%) lower than the list price ($1,400,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18403, living area = 1544.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.

Compared to the nearby listings

Price:$1.40M vs avg $1.66M ($-258,000)28%
Size:1,544 sqft vs avg 2,135 sqft19%
Price/sqft:$907 vs avg $77877%

More Insights

Built in 1947 (78 years old).
Condition: Built in 1947 and explicitly sold 'as-is,' this property requires substantial rehabilitation. The kitchens and bathrooms retain their 'original character' with extremely dated cabinetry, countertops, appliances, and mid-century tilework, indicating no major renovations in over 50 years. Key systems like cooling and heating rely on window AC units and wall heaters, not central HVAC. The overall condition suggests significant investment is needed for modernization and system upgrades.
Year Built
1947
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$907
HOA
-
Days on market
-
Sold On
-
MLS number
CV25273955
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Calling All Investors, Flippers & End Users — Two Homes on One Lot! A rare opportunity awaits on this expansive 18,000+ sq ft flat, rectangular lot. Tucked beneath mature trees, the charming single-story main home features a welcoming front porch, abundant natural light, and a convenient U-shaped driveway with a classic porte-cochere offering easy access and additional parking. Inside, the main residence offers a spacious living room with a cozy fireplace and large picture windows. The kitchen and dining area retain their original character, highlighted by built-in hutches. Exceptional privacy surrounds the property, enhanced by mature fruit trees and ample space for future expansion or development. On the market for the first time in over 50 years, this versatile property includes two separate dwellings on one lot: Front Home: Approx. 1,544 sq ft with 2 generous bedrooms and 2 bathrooms. Back Bungalow: Approx. 400 sq ft with 1 bedroom and 1 bath — perfect for guests, extended family, or rental income. Whether you're looking to remodel, expand, or build a custom estate, this unique offering delivers unlimited potential in a highly desirable neighborhood. Located within the highly regarded Arcadia Unified School District. Sold as-is, where-is.

Condition Rating
Poor
Built in 1947 and explicitly sold 'as-is,' this property requires substantial rehabilitation. The kitchens and bathrooms retain their 'original character' with extremely dated cabinetry, countertops, appliances, and mid-century tilework, indicating no major renovations in over 50 years. Key systems like cooling and heating rely on window AC units and wall heaters, not central HVAC. The overall condition suggests significant investment is needed for modernization and system upgrades.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18403, living area = 1544.
Dual Dwelling & Income Potential: The property features two separate dwellings on one expansive lot, including a main home and a back bungalow, offering flexibility for extended family, guests, or potential rental income.
Expansive & Developable Lot: An impressive 18,000+ sq ft flat, rectangular lot provides ample space for future expansion, custom development, or creating a private estate.
Prime Location & School District: Situated in a highly desirable Arcadia neighborhood, the property benefits from being within the top-rated Arcadia Unified School District, a significant draw for families.
Investment & Value-Add Opportunity: Marketed as an opportunity for investors, flippers, and end-users, this property offers 'unlimited potential' for remodeling, expanding, or building a custom home, especially as it's on the market for the first time in over 50 years.
Privacy & Mature Landscaping: The property is surrounded by exceptional privacy, enhanced by mature trees and fruit trees, creating a serene and secluded environment.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Sold 'As-Is' Condition: The property is explicitly sold 'as-is, where-is,' indicating that buyers should anticipate and budget for potential repairs, upgrades, and deferred maintenance without seller concessions.
Dated Interiors & Systems: Built in 1947, the main residence retains its 'original character' in key areas like the kitchen and dining, suggesting outdated aesthetics and potentially aging infrastructure that will require modernization.
Significant Renovation/Development Required: While offering 'unlimited potential,' realizing this potential necessitates substantial renovation, expansion, or a complete rebuild, which implies a significant time and financial commitment from the buyer.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state