HUGE Price Reduction! BRING ALL OFFERS! ARCADIA SCHOOLS! Prestigious gated colonial estate with income-producing back house situated on the border of Sierra Madre and Arcadia. Behind an elegant set of wrought iron gates lies one of the most beautiful, historically significant estate properties in the area. Nestled on just under 1 acre of land, backed by the Sierra Madre reservoir, this property has mountain and city lights views of the valley below. The main house features 4 bedrooms and 3.5 baths. On the east wing, there is a ground floor master, a 2nd bedroom suite, and a third bedroom upstairs, which could be a large library or family room with fireplace, full bar area and many french windows overlooking the grounds. PLEASE CLICK 'MORE'ARCADIA SCHOOLS! Hasn't been on the market in over 50 years! Prestigious gated colonial estate with income-producing back house situated on the border of Sierra Madre and Arcadia. Behind an elegant set of wrought iron gates lies one of the most beautiful, historically significant estate properties in the area. Nestled on just under 1 acre of land, backed by the Sierra Madre reservoir, this property has privacy, mountain and city lights views of the valley below. The main house features 4 bedrooms and 3.5 baths. On the east wing, there is a ground floor master, a 2nd bedroom suite, and a third bedroom upstairs, which could be a large library or family room with fireplace, full bar area and many french windows overlooking the grounds. The west wing features a full suite over the garage, that could be a separate maid's quarters or guest or flex room. The back house is a well-appointed 1 bedroom unit complete with washer/dryer and all appliances and fetches around $2,000/month in income. The grounds are extremely private, well-maintained on sprinkler and drip systems, but you could turn the workshop into a 4-car garage or add a pool or tennis court in the back. The picturesque gardens, the white pergola covering the stone patio, an