2334 S 3rd Avenue, Arcadia, California 91006, Arcadia, 91006 - 4 bed, 3 bath

2334 S 3rd Avenue, Arcadia, California 91006 home-pic-0

2334 S 3rd Avenue

Arcadia, California 91006

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,747Sq Ft
18,983Lot Size

Property Price

LIST PRICE$1,869,000
EST. MARKET VALUE
$2,096,149
10% BelowMARKET VALUE

SUMMARY

Analysis of 2334 S 3rd Avenue, Arcadia, California 91006 reveals a Prime Investment Opportunity with a current list price of $1,869,000—significantly undercutting the $2,096,149 Fair Market Value by 10%. This valuation gap indicates a +$227,149 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,096,149 +$227,149 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Arcadia.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2334 S 3rd Avenue
Subject
$1,869,000*
List Price
432,747$763-
A
2606 Greenfield Ave
Sold
$1,950,000433,270$5960.3 mi
B
2535 Louise Avenue
Sold
$1,400,000421,681$8330.4 mi
C
2601 Louise Avenue
Sold
$1,418,000321,848$7670.4 mi
D
2500 S 3rd Avenue
Pending
$1,938,000
List Price
332,318$8360.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

This 1949 property is a well-maintained 'time capsule' that retains its original mid-century character, including period cove lighting, wood-paneled walls, and a vintage kitchen with a walk-in pantry. While the home appears to have been kept in habitable condition through regular upkeep, the kitchen appliances, bathroom fixtures, and overall interior styling are significantly outdated and do not meet modern luxury standards. The property requires cosmetic updates and likely system modernizations, but it does not show the structural defects or safety issues associated with a 'poor' rating.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 18983, living area = 2747.

  • Expansive Lot & ADU Potential

    Situated on nearly half an acre in the coveted Arcadia flats, the property includes a rare freestanding three-car garage that provides exceptional flexibility for car collectors or a high-potential ADU conversion.

  • Mid-Century Architectural Integrity

    This 1949 single-level 'time capsule' preserves sought-after period character, featuring original cove lighting, a wood-paneled den with a wet bar, and a unique U-shaped floor plan that maximizes privacy.

CONSRISKS & DEFICIENCIES

  • Significant Renovation Needed

    Described as a 'time capsule' with an 'opportunity to update,' the home likely requires a substantial capital investment to modernize its 1940s-era systems, kitchen, and interiors.

  • Functional Obsolescence

    With four bedrooms but only two to three bathrooms across nearly 2,800 square feet, the current bathroom-to-bedroom ratio may be considered insufficient for modern luxury buyer expectations in Arcadia.

About 2334 S 3rd Avenue

On nearly half an acre in the coveted flats of Arcadia, just moments from Mayflower Village, sits this expansive Mid-Century time capsule. Built in 1949, this single-level architectural beauty offers four bedrooms and two bathrooms, preserving the character and spirit of its era. Situated on the east side of the street, equidistant from Longden and East Live Oak, the home provides privacy, space, and serenity. The residence is thoughtfully designed in a U-shape around a private front entry and features a large, open floor plan with seamless flow between living spaces. A light-filled living room welcomes you in, complemented by a wood-paneled den with a wet bar, a generous formal dining room, and an ample kitchen with a walk-in pantry. The main house includes a spacious two-car garage. In addition, a separate freestanding three-car garage offers exceptional flexibility ideal for collectors, hobbyists, creative space or a possible ADU. The expansive backyard showcases an enormous pool and spa framed by an outdoor arbor, creating a setting perfect for entertaining or relaxing under the California sky. In its heyday, the property bustled with family, love and creativity. The former owner was a collector of classic automobiles, and that appreciation for craftsmanship is reflected throughout. Character abounds in the original doors, decorative fireplaces, and period cove lighting at the ceiling. Offering an opportunity to update while honoring its original character, this is a rare chance to restore and reimagine a special property on an exceptional lot. Space to grow, Serenity and Privacy.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1949
Lot Size
18,983 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,7472,232.5
61%
Lot Size18,98311,356
76%
Price$1.87M$1.66M
60%
Price per sq ft$680$763
29%
Built year19491953
26%
HOA$0$0
50%
Days on market7172
1%

Pricing History

Listed for Sale

Feb 27, 2026

$1,869,000

Initial Listing

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