1517 Lovell Avenue
Arcadia, CA 91007

  • 4 beds
  • 3 baths
  • 2,134 sqft
  • ~1/2 acre lot
  • $1,171 per sqft
  • 1953 build
  • on site

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!

California Regional MLS logo Listed By CRMLS_CA / Christina Karagias / Andrew N Demopulos, BROKER / 626-437-1589

Last checked: Checking… • Last updated Nov 23, 2023 •

MLS# AR23203216 —

This property is listed in more than one place. See it here.

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Sale history

Date Event Source Price % Change
11/1/23
Listed / Active CRMLS_CA $2,500,000

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$2,500,000

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Listing provided by broker:

Christina Karagias

Andrew N Demopulos, BROKER

626-437-1589

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This multifamily located in Arcadia, CA 91007 is currently for sale for $2,500,000. 1517 Lovell Avenue is a 2,134 square foot multifamily with 4 beds and 3 baths that has been on Estately for 187 days. This multifamily is in the attendance area of Baldwin Stocker Elementary School, Arcadia High School, and First Avenue Middle School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and Andrew N Demopulos, BROKER. Based on information from California Regional Multiple Listing Service, Inc. as of 23:55 on May 05.

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