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

2517 S 2nd Avenue, Arcadia, California 91006 home-pic-0
ACTIVE$1,998,000
2517 S 2nd Avenue, Arcadia, California 91006
0Bed
0Bath
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
AR25119021
Home ConditionFair
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%
05/28/25
Listing
$2,098,000
Condition Rating
Fair
Built in 1948, this property is aged but appears to be maintained. However, the kitchen is significantly outdated with old white cabinets, dated appliances (gas range), granite-look laminate or tile countertops, a very old tile backsplash, and dated linoleum/vinyl flooring. The bathrooms are also basic and outdated with simple vanities and fixtures. While the hardwood floors in some areas are in decent condition, other elements like light fixtures and the presence of window AC units (suggesting no central AC) indicate that major systems and aesthetics are functional but show considerable signs of being outdated. The property requires substantial updates and renovations to meet current quality standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Exceptional Location & Schools: Situated in a highly desirable Arcadia location, benefiting from award-winning school districts, enhancing long-term value and appeal.
Significant Development Opportunity: The expansive 16,462 sqft lot presents a rare chance to build a custom dream home or explore substantial redevelopment possibilities.
Robust Income Potential: Comprising two distinct units (duplex) with separate gas and electrical meters, plus potential for a Junior ADU conversion from the 2-car garage, offering multiple avenues for rental income.
Flexible Multi-Unit Configuration: The property's dual-unit setup (3BR/1.5BA and 2BR/1BA) provides versatility for multi-generational living, owner-occupancy with rental income, or a pure investment strategy.
Generous Lot Size: The nearly 17,000 sqft lot offers ample outdoor space, privacy, and potential for landscaping, expansion, or recreational amenities.

Cons

Property Age & Condition: Built in 1948, the property likely requires significant updates and renovations to modernize systems, aesthetics, and overall functionality, incurring additional costs.
Shared Water Meter: The presence of only one water meter for two separate units could lead to complications in utility billing and allocation between occupants.
Recent Price Adjustment: A recent $100,000 price reduction may indicate initial overpricing or a lack of strong buyer interest at the previous price point, potentially signaling market resistance.

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