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2517 S 2nd Avenue, Arcadia, California 91006, Arcadia, 91006 - 5 bed, 3 bath

2517 S 2nd Avenue, Arcadia, California 91006 home-pic-0
ACTIVE$1,998,000
2517 S 2nd Avenue, Arcadia, California 91006
5Beds
3Baths
2,670Sqft
16,462Lot
Year Built
1948
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
AR25116154
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

Location! Location! Location! Arcadia Awards winning Schools with convenience location. This Arcadia home consists of 2 Units with a Lot Size of almost 17,000 sf Lot. The Front Unit (2517) is a 3 Bedrooms, 1.5 Bathroom 1-story cozy Home with wall windows that make the Living Room extremely bright and airy. The Living Room with Fireplace and connects to the Dining Room and the Kitchen. There is a Family Room or Den which can be used as the 4th Bedroom. It also has a 2-Car Garage next to the building. The Back Unit (2519) has a 2 Bedrooms and 1 Bathroom with Open Floor Plan that has spacious Fireplace Living Room/Dining area. This is a great opportunity for you to build your Dream Home in the future with such large Lot. You may also remodel the Front Unit and rent out the Back Unit for Rental Income. The 2-Car Garage also can be converted to a Junior ADU which giving an opportunity for you to rent it out. The Property has 1 Water Meter, 2 Gas Meters, and 2 Electrical Meters.

Price History

Date
Event
Price
10/29/25
Price Change
$1,998,000-4.8%
05/23/25
Listing
$2,098,000
Condition Rating
Poor
The property, built in 1948, is significantly outdated and requires substantial rehabilitation. The kitchen features very old, basic white appliances, dated cabinets, laminate/basic granite countertops, and patterned linoleum flooring, all of which necessitate a full renovation. Bathrooms are functional but basic and dated, with older fixtures and finishes. The presence of a window AC unit in one living area suggests a lack of central air conditioning, a major system deficiency. While the hardwood floors appear to be in decent condition in some areas, the overall aesthetic and functionality of the interior spaces, particularly the kitchen and bathrooms, are well past their prime. The listing description itself hints at the need for a major remodel or even rebuilding, indicating that the property's value is heavily tied to its large lot and redevelopment potential rather than the current condition of the structures.
Pros & Cons

Pros

Prime Location & Top Schools: Situated in a highly desirable Arcadia location, benefiting from access to award-winning Arcadia Unified School District, a significant draw for families and long-term value.
Income-Generating Duplex: The property consists of two separate units (3 bed/1.5 bath and 2 bed/1 bath), offering immediate rental income potential or multi-generational living arrangements.
Large Lot & Development Potential: Boasts a substantial lot size of nearly 17,000 sqft, providing ample space for future expansion, landscaping, or the potential to build a dream home.
ADU Conversion Opportunity: The existing 2-car garage presents a clear opportunity for conversion into a Junior ADU, further enhancing rental income or providing additional living space.
Separate Utility Metering: Equipped with two gas meters and two electrical meters, simplifying utility billing and management for the separate units, which is crucial for an income property.

Cons

Age of Property & Renovation Needs: Built in 1948, the property likely requires significant updates and renovations to modernize systems, aesthetics, and meet contemporary living standards, implying additional investment.
Single Water Meter: The presence of only one water meter for both units could complicate individual tenant billing for water usage, potentially leading to disputes or requiring a shared billing arrangement.
High Price Point & Investment: With a list price of nearly $2 million, this property represents a substantial investment, especially when factoring in the anticipated costs for necessary renovations and updates.

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