6
See all 6 photos
$12,800,000
Est. payment /mo
1.03 Acres Lot
New
515 Fairview AVE Arcadia, CA 91007
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26148733
HOA Y/N No
Year Built 1963
Lot Size 1.031 Acres
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.
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.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Interior
Flooring Carpet, Wood
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 46.0
Garage Description 46.0
Pool None
Community Features Suburban
Utilities Available Electricity Connected
Total Parking Spaces 46
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5778004011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Henry Liu CBD Investment Inc. 626-688-2208, DRE #01378289
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