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

2334 S 3rd Avenue
Arcadia, California 91006
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2334 S 3rd Avenue Subject | $1,869,000* List Price | 4 | 3 | 2,747 | $763 | - |
A 2606 Greenfield Ave Sold | $1,950,000 | 4 | 3 | 3,270 | $596 | 0.3 mi |
B 2535 Louise Avenue Sold | $1,400,000 | 4 | 2 | 1,681 | $833 | 0.4 mi |
C 2601 Louise Avenue Sold | $1,418,000 | 3 | 2 | 1,848 | $767 | 0.4 mi |
D 2500 S 3rd Avenue Pending | $1,938,000 List Price | 3 | 3 | 2,318 | $836 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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through regular upkeep, the kitchen appliances, bathroom fixtures, and overall interior styling are significantly outdated and do not meet modern luxury standards.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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,747 | 2,232.5 | 61% |
| Lot Size | 18,983 | 11,356 | 76% |
| Price | $1.87M | $1.66M | 60% |
| Price per sq ft | $680 | $763 | 29% |
| Built year | 1949 | 1953 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 172 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,869,000
Initial Listing























































