5 months on rocket

1517 Lovell Ave, Arcadia, CA, 91007

$2,500,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,134 SqFt
$1,172/SqFt
Multi
Schools Nearby

Location

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1517 Lovell Ave, Arcadia$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Garage2 spaces
Year Built1953
CoolingNone
FireplaceNone
ViewNone
MLS #AR23203216
Lot Size0.42 Acres
StatusActive

About 1517 Lovell Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 1
  • Living Area: 2,134 SqFt

Listing Office:

  • Office Name: Andrew N Demopulos, BROKER
  • Office Phone: (626) 437-1589
  • Listing Agent: Christina Karagias

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.42 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Arcadia High School, Public District Grades 9-12
  • First Avenue Middle School, Public District Grades 6-8
  • Baldwin Stocker Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: South of Camino Real Ave between Baldwin Ave and Holly AVenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $1,172/SqFt

Tax Information:

  • Annual Amount: $3,143
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Arcadia, CA.

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Arcadia, CA

City

Med. Sold Price

$1.4M

Med. Price/SqFt

$658

Avg. Days On Market

46

# of Sold Homes

42

1517 Lovell Ave vs Arcadia

179 DAYS ON ROCKET

+133 Days

$2,500,000

+$1.0M More

$1,172/SqFt

+$513 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $513/SqFt more than other homes in Arcadia, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR23203216

Listing Office:

  • Office Name: Andrew N Demopulos, BROKER
  • Office Phone: (626) 437-1589
  • Listing Agent: Christina Karagias

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 7:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,143$209,123
2020$3,080$206,979
2019$2,901$202,922
2018$2,899$198,944
2017$2,899$195,044

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2963139
9
/10

  • Baldwin Stocker Elementary School

  • 422 W Lemon Ave

  • 0.39 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2963140
8
/10

  • First Avenue Middle School

  • 301 S 1st Ave

  • 1.65 miles

  • Public District Grades 6-8

High School

school-card-donut-2963141
9
/10

  • Arcadia High School

  • 180 Campus Dr

  • 1.04 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,222. Residents of Arcadia, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Arcadia›91007›1517 Lovell Ave

This home is located at 1517 Lovell Ave in Arcadia, CA and zip code 91007 in the The San Gabriel Valley neighborhood. This 2,134 square foot home, which was built in 1953, sits on a 0.42 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 01, 2023 and is currently priced at $2,500,000.

In March 2024 more than 15 listings in Arcadia, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 22 were sold below. The number of listings in Arcadia, CA increased by 9.2% between February 2024 and March 2024. Listings spent 46 days on the market in March 2024, and had a median list price of $1,412,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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