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Listed by Henry Liu, DRE #01378289 • CBD Investment Inc.
$ 12,800,000
Est. payment /mo
Active
515 Fairview AVE Arcadia, CA 91007
1.03 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26148733
Year Built 1963
Lot Size 1.031 Acres
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Interior
Laundry Laundry Area
Exterior
Garage Spaces 46.0
Pool None
Building
Water District - Public
Others
Tax ID 5778004011
Special Listing Condition Not Applicable
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