7
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$1,330,000
Est. payment /mo
3 Beds
2 Baths
1,464 SqFt
New
161 Alice St Arcadia, CA 91006
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Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,464 sqft
Price per Sqft $908
MLS Listing ID AR26113964
Bedrooms 3
Full Baths 2
Year Built 1950
Lot Size 7,408 Sqft
Property Sub-Type Townhome
Property Description
Exceptional Investment Opportunity in the Heart of Arcadia Located in one of Arcadia's most sought-after neighborhoods, this well-positioned duplex sits on a generous R3-zoned lot offering not just immediate rental income, but significant long-term development potential for a 3-unit condominium project. The property enjoys a desirable south-facing orientation, filling every unit with abundant natural light throughout the day. Whether you're a seasoned investor or looking to owner-occupy while building equity, this is a rare find in a high-demand market. Residents enjoy walking distance access to some of Arcadia's finest amenities, including the Arcadia City Library, Arcadia High School, First Avenue Middle School, Dana Middle School, and the beautiful Arcadia Park. Prime Location Just minutes from the Santa Anita Mall, local restaurants, shops, and a nearby golf course everything your tenants or future residents could need is right at their doorstep. The Investment Case With R3 zoning already in place, this lot is primed for a developer or investor looking to maximize returns through a 3-unit condo project. Arcadia's strong property values, excellent school district, and high rental demand make this an opportunity that rarely comes to market.
Location
State CA
County Los Angeles
Direction N/ Duarte Rd, S/Genoa St, Between 1st & 2nd Ave.
Interior
Cooling Wall/Window
Fireplace No
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
View Neighborhood
Total Parking Spaces 2
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 5779017007
Acceptable Financing Cash, Conventional, Cash To New Loan
Listing Terms Cash, Conventional, Cash To New Loan
Special Listing Condition Standard
Listed by Xiang Rong Wei, DRE#01755056 Pinnacle Real Estate Group
NEARBY SCHOOL & BUSINESS
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