161 Alice St, Arcadia, CA 91006
List Price: $1.33M
Listing Status: Active
Original List Price: $133K
0Days on Market: 1
3 Bedrooms · 2 Bathrooms · 1,464 sq ft
Property Type: Residential
Year Built: 1950
Lot Size: 7,408 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: AR26113964
About This Property
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.
Listing provided by: Xiang Rong Wei DRE #01755056 626-888-9808 homesbysharonw@gmail.com, Pinnacle Real Estate Group
Source: CRMLS