$12,800,000
 $68,713 est/mo Sourced by Back At You

515 Fairview Avenue,Arcadia, CA 91007

Arcadia, CA 91007

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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.

Details

MLS #AR26148733
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1963
Days On Site43
Listing Provided ByCBD Investment Inc. | Henry Liu

Features

SQ Feet20,210
Garage46
Story(s)2
Units22
Building(s)1
ZoningARR3YY
Acreage1.03

Exterior

Lot FeaturesLot Over40000Sqft

Parking

Garage Yes / NoYes

Utilities

UtilitiesElectricity Connected
SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountyLos Angeles
CityArcadia
Zip Code91007
Area605 Arcadia
Listing VS Median (in 91007)
Price:
$12,800,000
low | high
Med:
$5,094
100% of Average
sqft:
20,210
low | high
Med:
2,013
100% of Average
$ / sqft:
$633
low | high
Med:
$3
100% of Average
On site:
43
low | high
Med:
676.5
6.356245380636% of Average
Sourced by Back At You

Market Activity 91007

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Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityArcadia
Zip Code91007
Area605 Arcadia
Listing VS Median (in 91007)
Price:
$12,800,000
low | high
Med:
$5,094
100% of Average
sqft:
20,210
low | high
Med:
2,013
100% of Average
$ / sqft:
$633
low | high
Med:
$3
100% of Average
On site:
43
low | high
Med:
676.5
6.356245380636% of Average
Sourced by Back At You
Listing Updated: July 9, 2026 at 4:14:33 PM PDT
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