849 San Vicente Road, Arcadia, California 91007, Arcadia, 91007 - 4 bed, 3 bath

849 San Vicente Road, Arcadia, California 91007 home-pic-0
ACTIVE$2,420,000
849 San Vicente Road, Arcadia, California 91007
4Beds
3Baths
2,779Sqft
42,869Lot
Year Built
1941
Close
-
List price
$2.42M
Original List price
$2.42M
Price/Sqft
$871
HOA
-
Days on market
-
Sold On
-
MLS number
WS24205533
Home ConditionTear down
Features
Deck
Pool
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,6 Pros. Rank: price - $2.42M(63th), sqft - 2779(54th), beds - 4(50th), baths - 3(50th).

Exceptional Opportunity in Lower Rancho Area of Arcadia ~ Situated in the highly sought-after Lower Rancho area of Arcadia, this property boasts a generous lot size of 42,869 sq.ft., offering endless possibilities for development ~ Nestled on a gentle knoll, the property faces south and is surrounded by mature trees, providing both privacy and a serene environment. ~ The current two-story home, tenant-occupied, offers 2,376 sq.ft. of living space, featuring 4 bedrooms and 3 bathrooms. This prime location is ideally suited for a new construction project, with ample space to build a 6,680+- sq.ft. dream home, complete with a pool. ~ Conceptual site and floor plans for the potential new build are available upon request, making this an exceptional opportunity for developers or buyers looking to create their perfect residence in one of Arcadia’s most desirable neighborhoods.

Price History

Date
Event
Price
10/03/24
$2,420,000
Condition Rating
Tear down

The property was built in 1941, making it over 50 years old. The listing description explicitly states that the 'current home is likely considered a tear-down for new construction' and emphasizes the 'exceptional opportunity for developers or buyers looking to create their perfect residence' on the large lot. While interior images show some well-maintained areas with hardwood floors and plantation shutters, the absence of kitchen and bathroom photos, combined with the agent's clear intent to market the property for its land value and redevelopment potential, strongly indicates the existing structure is not the primary asset and is intended for demolition. The property's value is based solely on the land.
Pros & Cons

Pros

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 = 42869, living area = 2779.
Prime Location: Situated in the highly sought-after Lower Rancho area of Arcadia, known as one of the city's most desirable neighborhoods, offering prestige and strong community appeal.
Exceptional Development Potential: The generous 42,869 sq.ft. lot is ideally suited for a new construction project, with ample space to build a substantial 6,680+ sq.ft. dream home, complete with a pool.
Generous Lot Size: A nearly one-acre lot (42,869 sq.ft.) provides significant space for privacy, extensive landscaping, and the creation of a luxury estate.
Privacy and Serene Environment: Nestled on a gentle knoll and surrounded by mature trees, the property offers a private and tranquil setting.
Top-Rated School District: Located within the highly regarded Arcadia Unified High School District, a significant draw for families.

Cons

Age of Existing Structure: Built in 1941, the current home is likely considered a tear-down for new construction, incurring significant demolition costs and project timelines.
Tenant Occupancy: The property is tenant-occupied, which may complicate access for showings, inspections, and could delay the start of any redevelopment project due to tenant relocation requirements.
Substantial Additional Investment Required: The listed price is primarily for the land and development opportunity, requiring buyers to factor in significant additional costs for a complete new construction project (estimated 6,680 sq.ft. home plus pool).

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