515 Fairview Avenue
Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1963
- Lot size
- 1.03 acres
- Parking
- 46 spaces
- Garage
- 46 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
- Zoning
- ARR3YY
Features & Amenities
Pool
- None
Lot
- Lot Over40000Sqft
Community, Schools & Utilities
Utilities
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 515 Fairview Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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