1517 Lovell Ave., Arcadia, CA 91007 (Sold on )

Property Description

Exceptional Investment & Development Opportunity in Prime Arcadia Location Rare opportunity to acquire a unique multi-dwelling property situated on an expansive 18,216 sq. ft. lot (approx. 90’ x 200+), ideally oriented facing east. Located in the highly desirable Baldwin Stocker Elementary boundary (buyer to verify with the City and Arcadia Unified School District), this property offers tremendous potential for builders, investors, or end-users seeking flexibility. The property features three separate living structures: • A charming front ranch-style home with 2 bedrooms and 1 bathroom • An adjacent guest unit offering 1 bedroom and 1 bathroom, ideal for extended family or additional rental income • A rear residence with its own private yard, featuring 2 bedrooms and 1 bathroom, providing excellent privacy and strong income potential Surrounded by mature shade and fruit trees, the lot offers a serene setting with substantial space to reimagine, expand, or build new. Whether you choose to develop, create a custom estate, or live in one unit while generating income from the others, the possibilities here are truly exceptional. Situated in a central Arcadia location near top-rated schools, shopping, dining, and transportation, this is a rare chance to secure a large parcel with multiple income streams in a premium neighborhood. Property is tenant-occupied and will be sold with tenants in place. Accepted offer subject to interior inspection only, please do not walk the property or disturb occupants.