161 Alice St, Arcadia, California 91006, Arcadia, 91006 - 0 bed, 0 bath
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Arcadia, California 91006
Analysis of 161 Alice St, Arcadia, California 91006 is currently available with a list price of $1,330,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Arcadia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1950 with no mentioned renovations, this 70+ year old property is marketed primarily for its R3-zoned land value and development potential for a 3-unit condo. The exterior shows significant deferred maintenance, including peeling paint and original single-pane windows.
The R3-zoned lot offers a significant value-add opportunity, allowing for the potential development of a 3-unit condo project in a high-demand area.
Ideally situated near top-tier amenities including Arcadia High School, Santa Anita Mall, and Arcadia Park, ensuring strong long-term desirability and tenant retention.
The south-facing units provide excellent natural light exposure, a highly sought-after feature that enhances the living appeal for future residents or buyers.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1, other record living area = 1464.
Built in 1950, the existing structures may require substantial capital investment for modernization or repairs if the buyer does not intend to redevelop immediately.
The listing price is primarily driven by land value and zoning potential rather than the current building's utility, which may result in lower immediate rental yields during the entitlement phase.
Exceptional investment opportunity in Arcadia. This duplex sits on an R3-zoned lot with potential for a 3-unit condo development. South-facing units offer great natural light. Conveniently located near Arcadia High School, Arcadia Library, Arcadia Park, Santa Anita Mall, restaurants, shopping, and golf courses. Ideal for investors, developers, or owner-occupants seeking long-term value in a strong rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1 | 3,237 | 20% |
| Lot Size | 7,408 | 8,003 | 20% |
| Price | $1.33M | $1.94M | 40% |
| Price per sq ft | $1.33M | $633 | 80% |
| Built year | 1950 | 1965 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 135 | 20% |
May 26, 2026
$1,330,000
Initial Listing
Oct 29, 2020
$1,200,000
Public Record
May 17, 2019
$1,030,000
Public Record
May 11, 2010
$730,000
Public Record
Feb 28, 2006
$670,000
Public Record