212 W Las Flores Avenue, Arcadia, California 91007, Arcadia, 91007 - 2 bed, 2 bath
ACTIVE$3,080,000
212 W Las Flores Avenue, Arcadia, California 91007
2Beds
2Baths
1,351Sqft
31,228Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Expansive Flat Lot: The property boasts a rare, expansive flat lot (100 x 312 ft, totaling 31,228 sqft) in a highly exclusive area, providing ample space for a grand luxury estate.
Top Cons:
Age and Condition of Existing Structure: The existing 1947-built house (1351 sqft) is likely outdated and undersized for the neighborhood's luxury estate standard, implying significant renovation or demolition costs for a new build.
Compared to the nearby listings
Price:$3.08M vs avg $2.08M (+$995,000)71%
Size:1,351 sqft vs avg 2,600.5 sqft6%
Price/sqft:$2.3K vs avg $77999%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, the property's description explicitly positions it as an 'opportunity to create a signature luxury home' and 'the canvas for your vision,' indicating the existing structure's value is primarily as a temporary income generator while plans for redevelopment are made. The kitchen features highly dated yellow tiled countertops, old white cabinets, and a fluorescent light fixture. The bathroom has very outdated blue wall tiles and an older pedestal sink. While currently livable and generating rental income, the house itself is not the asset being sold; its condition, particularly the kitchen and bathrooms, is consistent with a property that would be demolished for new construction on such a valuable lot.
Year Built
1947
Close
-
List price
$3.08M
Original List price
$3.08M
Price/Sqft
$2,280
HOA
-
Days on market
-
Sold On
-
MLS number
AR25190560
Home ConditionTear down
Features
Patio
View-
About this home
Welcome to a rare chance to own an expansive flat lot (100 x 312 ft) in one of Arcadia’s most exclusive areas—where surrounding estates are valued at $5 million and beyond, and many feature grand residences of over 10,000 sq.ft. This property isn’t just land; it’s an opportunity to create a signature luxury home that will stand proudly among Arcadia’s finest estates. Whether you’re an investor seeking long-term appreciation or a developer looking to craft the next landmark estate, this property is the canvas for your vision. Located within the award-winning Arcadia School District and just steps away from Arcadia High. The existing house features 3 bedrooms, a den with fireplace, 2 bathrooms, dining room, kitchen, garage and a spacious layout—currently generating $3,800–$4,200 per month in rental income. This provides immediate holding value while you design and build the estate you envision.
Condition Rating
Tear down
Built in 1947, the property's description explicitly positions it as an 'opportunity to create a signature luxury home' and 'the canvas for your vision,' indicating the existing structure's value is primarily as a temporary income generator while plans for redevelopment are made. The kitchen features highly dated yellow tiled countertops, old white cabinets, and a fluorescent light fixture. The bathroom has very outdated blue wall tiles and an older pedestal sink. While currently livable and generating rental income, the house itself is not the asset being sold; its condition, particularly the kitchen and bathrooms, is consistent with a property that would be demolished for new construction on such a valuable lot.
Pros & Cons
Pros
Expansive Flat Lot: The property boasts a rare, expansive flat lot (100 x 312 ft, totaling 31,228 sqft) in a highly exclusive area, providing ample space for a grand luxury estate.
Prime Location & Exclusivity: Situated in one of Arcadia’s most exclusive areas, surrounded by estates valued at $5 million and beyond, offering significant prestige and potential for high appreciation.
Exceptional Development Potential: Marketed as a 'canvas for your vision,' this property is ideal for developers or investors looking to construct a signature luxury home that aligns with the neighborhood's high standards.
Award-Winning School District: Located within the highly desirable and award-winning Arcadia School District, including proximity to Arcadia High, which significantly enhances its appeal to families and long-term value.
Immediate Holding Income: The existing house generates $3,800–$4,200 per month in rental income, providing immediate financial holding value while planning and designing a new estate.
Cons
Age and Condition of Existing Structure: The existing 1947-built house (1351 sqft) is likely outdated and undersized for the neighborhood's luxury estate standard, implying significant renovation or demolition costs for a new build.
Substantial Redevelopment Investment Required: The property's value is primarily in the land for redevelopment, meaning the list price is just the initial investment, with significant additional capital needed for construction of a new luxury home.
Extended Development Timeline: Crafting a 'signature luxury home' involves a lengthy process of design, permitting, and construction, which can tie up capital for an extended period before the full value is realized.