
Arcadia, California 91006
This High-Potential Investment Opportunity is listed at $4,488,000, positioned well below the $4,133,656 Fair Market Value by -8%. Featuring a 48,770 square foot lot and a 5,887 square foot estate, the property maintains a Condition Rating of 4, indicating a need for modernization. The expansive grounds include a north/south tennis court, swimming pool, and guest house. Located in the Arcadia Unified School District, this legacy asset is ideal for Value-Add Investors or Owner-Occupants seeking to restore a premier Santa Anita Oaks estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1437 Carmelita Place Subject | $4,488,000* List Price | 5 | 6 | 5,886 | $702 | - |
A 1499 Caballero Road Sold | $4,100,000 | 6 | 6 | 6,552 | $626 | 0.1 mi |
B 960 Hampton Sold | $4,830,000 | 6 | 6 | 6,623 | $729 | 0.9 mi |
C 1531 Rodeo Road Active | $4,450,000 List Price | 6 | 6 | 6,571 | $677 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950 and on the market for the first time in 40 years, the home is well-maintained but significantly dated. The kitchen features older oak cabinetry and tile countertops, and the bathrooms show 1980s/90s-era finishes including dated wallpaper and fixtures. While functional and grand in scale, the interior systems and aesthetics require comprehensive updating to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 48770, living area = 5886.
Situated on a rare 1.12-acre lot at the end of a quiet cul-de-sac in the prestigious Santa Anita Oaks, this estate offers unparalleled privacy and significant outdoor space.
The property is a complete lifestyle retreat featuring a north/south tennis court, a freeform swimming pool, and a detached 668-square-foot guest house.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =48770, other record lot size in square feet = 48681.
Offered for the first time in 40 years, the property likely requires significant capital investment to update its 1950s-era finishes and systems to modern luxury standards.
The massive 48,770-square-foot lot, combined with aging amenities like the tennis court and pool, will necessitate substantial ongoing maintenance and utility expenses.
First time on the market in nearly 40 years, this remarkable Traditional French Normandie estate is gracefully tucked away at the end of a quiet cul-de-sac in Arcadia’s prestigious Santa Anita Oaks neighborhood. Set on an extraordinary 48,770 square foot lot (1.1196 acres), this rare legacy property offers approximately 5,887 square feet of total living space, including a 5,218 square foot main residence and a 668 square foot guest house, all surrounded by lush, mature landscaping and a setting of exceptional privacy and distinction. Originally built in 1950 and expanded and remodeled over the years, the estate reflects timeless craftsmanship, grand scale, and classic architectural charm. A welcoming foyer introduces elegant formal living spaces highlighted by rich detailing, refined millwork, and beautifully proportioned rooms designed for both intimate living and large-scale entertaining. The formal living room is anchored by a striking marble fireplace, intricate crown molding, and a massive bay window overlooking the front gardens, while the formal dining room exudes warmth and tradition with raised paneled wainscoting and an inviting setting for memorable gatherings. The expansive family room is a true showpiece, featuring handsome wood paneling, a built-in entertainment center with desk, and views of both the rear grounds and the private atrium. The kitchen is filled with character and functionality, offering solid oak cabinetry, peg-and-plank wood flooring, kitchen aid refrigerator/freezer, Thermador oven, walk-in pantry, and a cheerful breakfast area wrapped in glass. The thoughtfully designed floor plan also includes generous bedroom suites, multiple baths, abundant storage, and an attached 3-car garage. The guest house provides ideal flexibility for extended family, guests, office, or creative use, complete with its own living area, stone fireplace, kitchenette, bath, and bedroom space. Outdoors, the estate unfolds into an exceptional private retreat with a freeform swimming pool, north/south tennis court with spectator’s deck, expansive lawn and garden areas, covered patio with skylights, and RV parking. A rare offering of scale, privacy, and timeless elegance, this is a once-in-a-generation opportunity to restore, reimagine, or cherish a true estate property in one of Arcadia’s most coveted neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 6.0 | 3.0 |
| Square foot | 5,886 | 2,100 |
| Lot Size | 48,770 | 10,113 |
| Price | $4.49M | $1.77M |
| Price per sq ft | $762 | $765 |
| Built year | 1950 | 1950 |
| HOA | $0 | $990 |
| Days on market | 17 | 56 |
Jul 5, 2026
$4,488,000
Initial Listing