1517 Lovell Ave. Ave, Arcadia, CA 91007 (MLS # AR26076863)

Price $1,788,000
Status Active
Beds 4
Baths 3 Baths
Home size 2,134 sqft
Lot Size 18,217 sqft
Days on Market 5
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. Showings by appointment only, please do not walk the property or disturb occupants.
Property Type(s): Single Family
Last Updated 4/9/2026 Year Built 1953
Community 605 - Arcadia Garage Spaces 1.0
County Los Angeles

Additional Details

AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 605 - Arcadia
FIREPLACE Yes
GARAGE Yes
LOT 0.4182 acre(s)
LOT DESCRIPTION Back Yard
LOT DIMENSIONS 18216
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
VIEW Yes
VIEW DESCRIPTION Mountain(s)
WATER Public

Location

Listed with Coldwell Banker Realty

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