Active
1517 Lovell Avenue
Arcadia CA, 91007
$2,500,000
$1,171.51 per sqft
Active
4 Beds
3 Baths
2,134 sqft
Multi-family
Built in 1953
Listed by Christina Karagias with Andrew N Demopulos, BROKER 626-578-1921
Welcome to this incredible residential opportunity in a charming duplex property, totaling 2,134 square feet of living space, nestled on a spacious 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 endless potential.
Don't miss your chance to own this remarkable duplex property with limitless 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!
AR23203216
MLSⓇ ID
November 1, 2023
Listed
March 23, 2024
Updated
Map
1517 Lovell Avenue
Arcadia CA, 91007
Interior Features
Total Stories
1
Bedrooms
4 Beds
Bathrooms
3 Baths
Interior Features
All Bedrooms Down
Laundry Description
None
Fireplace
Yes
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.42 Acres
Lot Features
0-1 Unit/Acre
Sewer
Private Sewer
School Information
School District
Arcadia Unified
Other Property Details
Area Name
605 - Arcadia
Days on Market
22
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
ARR1YY
Buyer Agency Compensation
4%
Listing Contact: 626-578-1921
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/23/2024 at 1:27 AM UTC