515 Fairview Avenue, Arcadia, CA 91007
- $12,800,000
- List Price
- $12,800,000
- Status
- ACTIVE
- MLS#
- AR26148733
- Year Built
- 1963
- Lot Size
- 44,896
- Acres
- 1.03
- Lot Location
- Lot Over 40000 Sqft
- Days on Market
- 19
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
Rare development opportunity in the heart of Arcadia's core commercial district, within the acclaimed Arcadia school district. The property sits on approximately 44,900 sq. ft. and consists of 2 buildings with 22 apartment units, fully occupied year-round — one of the most sought-after investment offerings in Southern California.The key upside is development potential: up to 40 dwelling units per acre (40 DU/AC), a rare opportunity for investors and developers. Buyers should independently verify specific development conditions with the City of Arcadia. Surrounded by a golf course, the L.A. County Arboretum, Santa Anita Park, a USC-affiliated hospital, major shopping centers, dining, schools, and major transportation corridors. Excellent location, strong demographics, and rare value-add development potential.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 46
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 22
- Gross Scheduled Income
- $480,000
- Operating Expense
- 56800
Listing courtesy of Listing Agent: Henry Liu (henryarcadia@gmail.com) from Listing Office: CBD Investment Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.