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$2,500,000   Price Analysis
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1517 Lovell Ave
Arcadia, CA 91007
4 bed 3 bath 2,134 SqFt ($1171/SqFt)
0.42 acre lot. Built 1953
Listed 2023-11-01, Taxes $3,208
Ⓧ USDA Ineligible
due to price & location

near Arcadia

Welcome to this incredible residential opportunity in a charming duplex property

Totaling 2, 134 square feet of living space, nestled on a vast 18, 210 square foot lot. This unique property provides the perfect blend of space, privacy and investment potential, making it a rare find in today's real estate market. As you enter the property, you'll be greeted by a cozy front ranch house featuring two bedrooms and one bath. This well-maintained home offers a warm and inviting atmosphere, making it an ideal space to call home. The layout is thoughtfully designed, providing comfort and convenience. Adjacent to the front ranch house, you'll discover a separate guest suite. This self-contained space features one bedroom and one bathroom, offering versatility for extended family living, guests or potential rental income. Whether you choose to utilize it for personal use or generate extra revenue, this suite is a valuable addition. Further enhancing the property's potential is the rear house, boasting two bedrooms and one full bathroom.

With its own entrance and private living space, this rear house provides additional living quarters or income-generating possibilities. The well-appointed layout ensures that you or your tenants can enjoy comfort and privacy. The vast 18, 210 square foot lot is a true gem, featuring a lush yard adorned with mature trees. This outdoor oasis offers shade, serenity and a serene atmosphere, perfect for relaxation or outdoor activities. Whether you're a nature enthusiast or simply appreciate the beauty of a well-landscaped yard, this property will captivate your senses. This duplex property presents an exceptional opportunity for both homeowners and investors. Live in one of the houses while renting out the other, allowing you to enjoy the benefits of property ownership with supplementary income. Alternatively, the lot's size and layout provide flexibility for further development, including the possibility of constructing a main house and two accessory dwelling units. The choice is yours, making this property a versatile investment with infinite potential. Don't miss yo ur chance to own this remarkable duplex property with lmitless opportunities. Contact us today to schedule a viewing and explore the possibilities this unique residence has to offer. Your dream home, income property or development project awaits!


Presented by Christina Karagias at
Andrew N Demopulos, BROKER.


Property MLS #AR23203216 from CRMLS

Bedrooms: 4
Bedrooms On Main Level: 5

Total Bathrooms: 3
Full Bathrooms: 3
Bathrooms On Main Level: 3

All Bedrooms Down

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.418
Lot Size Source: Assessor
Lot Size Square Feet: 18210

Garage Spaces: 2
Garage Description: Detached
Parking Total: 2

Number of Units: 2

School District: Arcadia Unified

Baldwin Stocker Elementary School is a public elementary school located approximately 0.4 miles away.
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Arcadia High School is a public high school located approximately 1 miles away.
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First Avenue Middle School is a public middle school located approximately 1.6 miles away.
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Lily's Learning Center is a private elementary school located approximately 0.7 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Directions: South of Camino Real Ave between Baldwin Ave and Holly AVenue
Source Property Type: Residential
Exclusions: Tenant's personal items
Area: 605 - Arcadia
Property Subtype: townhouse
Source Neighborhood: 605 - Arcadia
Parcel Number: 5785001020
Postal Code Plus 4: 7904
Zoning: ARR1YY
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$119,282 + $94,022
$213,304
$3,208
2021$116,944 + $92,179
$209,123
$3,143
2020$115,745 + $91,234
$206,979
$3,111
2019$113,476 + $89,446
$202,922
$3,080
2018$111,251 + $87,693
$198,944
$2,901
2017$109,070 + $85,974
$195,044
$2,898
2016$106,932 + $84,289
$191,221
$2,765
2015$105,326 + $83,023
$188,349
$2,722
2014$103,263 + $81,397
$184,660
$2,706
2013$102,797 + $81,030
$183,827
$2,705
2012$100,782 + $79,442
$180,224
$2,665
2010$98,806 + $77,885
$176,691
$2,359
2009$98,301 + $77,487
$175,788
$2,310
2009$98,068 + $77,303
$175,371
$2,310
2008$96,374 + $75,968
$172,342
$2,258
2007$94,485 + $74,479
$168,964
$2,203

Listed 2023-11-01
$2,500,000
CRMLS
Sold 1977-10-21
$98,000
Public Record

Total Square Feet Living: 2134
Year Built: 1953
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Lovell
Living Area Source: Assessor
Property Age: 71
Levels or Stories: One
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Assessor

Sewer: Private Sewer
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.