161 Alice St Arcadia, CA 91006
UPDATED:
Key Details
Sold Price $1,470,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,464 sqft
Price per Sqft $1,004
MLS Listing ID AR26113964
Bedrooms 3
Full Baths 2
Year Built 1950
Lot Size 7,409 Sqft
Property Sub-Type Duplex
Property Description
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
Area 605 - Arcadia
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights
View Y/N Yes
View Neighborhood
Building
Lot Description Sprinkler System
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Arcadia Unified
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Bought with Wei Chen RE/MAX 2000 REALTY
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION