About this home

A Rare Investment Gem! An Expansive 22,479 sq. ft. Lot Offering Both SB 9 Subdivision Potential and Stable Cash Flow: Discover an unparalleled investment opportunity in the heart of Arcadia! This massive R1-zoned lot (approx. 0.52 acres) is a rare find, combining immediate rental income with immense future development potential. Situated on an exceptionally large parcel of land, the property features two separate structures: - Front House (3 Bed / 2 Bath, approx. 1,480 sq. ft.): Equipped with central heating and air conditioning, a washer, a dryer, and a refrigerator; fully renovated in 2024. It is currently occupied by a reliable tenant paying $3,800 per month (based on rental rates from two years ago). - Rear House (2 Bed / 1 Bath, approx. 500 sq. ft.): Recently updated in 2024 with modern-style finishes. It is ready to be rented immediately (projected monthly rent: approx. $2,800) or can be kept vacant for future development purposes. Development Potential: Under California's SB 9 legislation, this exceptionally deep lot presents an ideal candidate for an "Urban Lot Split." You can explore the possibility of subdividing the parcel into two separate lots, potentially allowing for the construction of luxury primary residences and Accessory Dwelling Units (ADUs). (Buyers are advised to verify specific feasibility directly with the City.) Located in one of Arcadia's most highly sought-after neighborhoods, this property is situated within a top-rated school district-close to excellent elementary, middle, and high schools-and is conveniently located near shopping centers and Asian supermarkets. The property is being sold "AS-IS." Buyers are strongly advised to independently verify all potential development possibilities, permitting requirements, and land-use regulations with the City of Arcadia. "Seller intends to execute a 1031 tax-deferred exchange at no additional cost to the buyer . Buyer to cooperate with seller's 1031exchange".

Facts and features

Schools

• Camino Grove Elementary School

  elementary · K-5 · 0.2 mi

  10

• Richard Henry Dana Middle School

  middle · 6-8 · 0.6 mi

  9

• Arcadia High School

  high · 9-12 · 1.1 mi

  10

• Montessori Academy of Arcadia

  elementary · PK-K · 0.2 mi

• Arcadia College Preparatory School

  high · 9-12 · 0.5 mi

• Rancho Learning Center (Alternative)

  elementary · K-12 · 0.8 mi

  6

Price history

• Apr 17, 2026 · Listed$1,950,000
• Apr 17, 2026 · Listing Removed—
• Apr 16, 2026 · Listed$1,950,000
• Aug 1, 2025 · Listing Removed—
• Jul 10, 2025 · Price Changed$1,900,000
• Jan 31, 2025 · Price Changed$2,000,000
• Dec 5, 2024 · Price Changed$1,950,000
• Jul 1, 2024 · Listed$2,000,000

Tax history

• 2025$23,420 tax · $2,022,704 assessed
• 2024$22,085 tax · $1,983,044 assessed
• 2023$21,623 tax · $1,906,042 assessed
• 2022$20,909 tax · $1,868,670 assessed
• 2021$20,537 tax · $1,832,030 assessed
• 2020$20,277 tax · $1,813,245 assessed
• 2019$20,039 tax · $1,777,692 assessed
• 2018$19,447 tax · $1,742,836 assessed

Home value

$1,912,147

• Quantarium$1,912,147
• Collateral Analytics$1,930,000
• Cotality$1,911,300

Where it is