1517 Lovell Ave.
Arcadia, CA, 91007
$1,788,000
MLS: AR26076863
Beds
4
Baths
3
Sq Ft
2,134
Lot
0.42 ac
Year Built
1953
MLS #
AR26076863
Days on Market
12
Listed
Apr 9, 2026
Description
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. Accepted offer subject to interior inspection only, please do not walk the property or disturb occupants.
Location
Arcadia, Los Angeles County, CA 91007
Open on Google Maps ↗Listed by: Tim Cragoe · Coldwell Banker Realty
Payment estimate
$12,720
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $178,800 · Loan: $1,609,200
- Principal & Interest
- $9,887
- Property tax (1.25%)
- $1,863
- Homeowners insurance
- $300
- Mortgage insurance
- $671
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Arcadia home with as little as 3.5% down using an FHA loan — roughly $62,580 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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