Residential Property - Single Family Residence in Arcadia

Listing Price: $199,000Days on Market: 1

Description of Property

Investor opportunity in the city limits of Arcadia! This 1950s 3-bedroom, 2-bath home is situated on a spacious double lot and offers multiple possibilities for renovation, rental income, resale, or future redevelopment. The property features original hardwood flooring, a separate dining room, a spacious living room with a fireplace, and a screened front porch that reflects the home’s historic character. The fenced backyard provides additional room for parking, outdoor living, storage, or a future pool and includes a barn/workshop, storage shed, mature landscaping, and producing mango and plum trees. The home is connected to public utilities, while an existing well may be used for irrigation. Subject to zoning, permitting, and governmental approval, there may be potential to divide the property or construct additional residences. Buyers should independently verify all development possibilities with the City of Arcadia. Conveniently located near schools, parks, shopping, restaurants, and historic Downtown Arcadia. The property needs repairs and updating but offers considerable potential for an investor or buyer ready to restore and improve it. Sold as-is with the right to inspect. Motivated seller will consider all offers.The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $459,743. This single family residence is listed at about 43% of the average asking price. There are 8 3 bedroom/2 bath homes between $100,000 and $300,000 currently listed for sale in this Zip code. See other listings like this one »