Listed by Coldwell Banker Dynasty Arcadia
$12,800,000
515 Fairview Avenue
Details
APN 5778004011
Property Type Multifamily
Sub Type Apartment Building
Units 22
Year Built 10800
Buildings 1
Acreage 1.031
Zoning Appraiser
Multifamily | 22 Units
Marketing 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.
Listing Contacts
Listed by Coldwell Banker Dynasty Arcadia
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