1517 Lovell Avenue, Arcadia

$2,500,000

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4 Beds
3 Baths
2,134 Sqft
.42 Acre
2 Garages

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!

Essential Information

MLS® #
AR23203216
Price
$2,500,000
Bedrooms
4
Bathrooms
3.00
Full Baths
3
Square Footage
2,134
Acres
0.42
Year Built
1953
Type
Residential
Sub-Type
Duplex
Status
Active

Community Information

Address
1517 Lovell Avenue
Area
605 - Arcadia
City
Arcadia
County
Los Angeles
Zip Code
91007
Community Features
Urban
Senior Community
N

Amenities

Parking Spaces
2
# of Garages
2
View
None
Pool
None

Interior

Interior Features
All Bedrooms Down
Cooling
None
Fireplaces
None
# of Stories
1
Stories
One

Exterior

Lot Description
0-1 Unit/Acre

School Information

District
Arcadia Unified

Additional Information

Date Listed
November 1st, 2023
Days on Market
183
Zoning
ARR1YY

Listing Details

Agent
Christina Karagias
Office
Andrew N Demopulos, BROKER

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 4:55pm PDT. 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, 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.