
Arcadia, California 91006
This property presents a High-Potential Investment Opportunity with a List Price of $1,599,000—positioned well above the $1,452,957 Fair Market Value by -10%. While the current valuation reflects a premium, the 15,068 square foot lot in the prestigious Arcadia Unified School District offers significant long-term development potential. With a Condition Rating of 5, the home requires a full renovation, making it a strategic value-add asset. This property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to execute a custom rebuild.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2231 Greenfield Subject | $1,599,000* List Price | 3 | 2 | 1,483 | $980 | - |
A 2608 Louise Sold | $1,495,000 | 3 | 2 | 1,680 | $890 | 0.3 mi |
B 314 E Las Flores Sold | $1,551,000 | 2 | 1 | 1,226 | $1,265 | 0.3 mi |
C 2233 S 4th Sold | $1,350,000 | 2 | 2 | 1,584 | $852 | 0.3 mi |
D 308 Danimere Ave Sold | $1,630,000 | 3 | 2 | 1,741 | $936 | 0.4 mi |
E 1500 S 3rd Avenue Sold | $1,510,000 | 3 | 2 | 1,421 | $1,063 | 0.7 mi |
F 1521 S 3rd Active | $1,498,888 List Price | 4 | 2 | 1,806 | $830 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 with a kitchen and bathrooms that appear to be over 30 years old; the listing explicitly markets the property as a renovation or rebuild project, indicating the need for a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15068, living area = 1483.
The massive 15,068 square foot flat lot on a quiet cul-de-sac offers rare potential for a complete rebuild, major expansion, or the addition of an ADU in a high-demand neighborhood.
Situated within the prestigious Arcadia Unified School District, this property provides access to top-tier education and is conveniently located near shopping and transportation, ensuring long-term value.
The property is explicitly marketed as a project for renovation or a total rebuild, implying that substantial additional capital will be necessary to bring the 1951 structure up to modern standards.
At just 1,483 square feet, the current living space is relatively small for the price point and lot size, which may require a costly expansion to appeal to modern luxury buyers.
Hurry to this coveted traditional home situated on a magnificent 15,068 square foot lot on a quiet cul-de-sac in Arcadia. Wonderful opportunity for owner/user seeking a project or investor to completely renovate/rebuild. Filled with warmth and character, this lovely home has wonderful bones and endless potential to make it your own. Inside, a well-designed floor plan includes a spacious living room with brick fireplace and built-in shelving adjacent to the formal dining room with wainscoting. The kitchen includes an eat-in area with a laundry closet that leads to a ¾ bath and an additional bonus room. Three nicely sized bedrooms and a full bath complete the interior. The majestic backyard is set on a large, flat lot featuring mature trees, a wide covered patio, and ample space for family gatherings and outdoor activities. The backyard also contains many fruit trees such as grapefruit, lemon, orange, and fig. Additional features include hardwood flooring and a detached 2-car garage. Conveniently located near shopping, transportation, and other amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.1 |
| Square foot | 1,483 | 2,358 |
| Lot Size | 15,068 | 10,956.875 |
| Price | $1.60M | $1.82M |
| Price per sq ft | $1.1K | $760 |
| Built year | 1951 | 1954 |
| HOA | $0 | $990 |
| Days on market | 13 | 50 |
Aug 27, 2026
$1,599,000
Initial Listing
Oct 21, 2019
$1,230,000
Public Record