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515 Fairview Ave, Arcadia, CA 91007

  • $12,800,000

    •

  • —

    bed

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    bath

Multi-family for sale 30 days
Movoto is helping 12 homebuyers near you

About 515 Fairview Ave

Property type Multi-family
Year built 1963
HOA fee $0/month
Lot size 1.03 Acre
Movoto estimate
Parking 46 garage spaces
Rental estimate
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.
Listed by
Listing Agent - Henry Liu
Listing Agent Contact: 626-688-2208
Listing Office - CBD Investment Inc.
Source: CRMLS mls logo
MLS#AR26148733 • last updated 4 weeks ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 1.0307
Lot Size (SqFt) 44896
Year Built 1963
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 20210
# Parking Spaces 46
# Garage Spaces 46
Lot Description Lot Over 40000 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban
Zoning ARR3YY
Directions Cross Streets: Fairview Ave & La Cadena Ave
APN 5778004011
Multifamily Details
Tenant Pays Electricity
Expense: Trash 8000
Operating Expense 56800
Expense: Insurance 3000
Total Expenses 56800
Expense: Water/ Sewer 8400
Gross Income 480000
Expense: Electric 1200
Gross Scheduled Income 480000
Expense: Supplies 3000
Expense: Gardener 8400
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9/10
Holly Avenue Elementary School
public Grades K-5
Arcadia Unified School District
8/10
First Avenue Middle School
public Grades 6-8
Arcadia Unified School District
9/10
Arcadia High School
public Grades 9-12
Arcadia Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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79/100
Walk
78/100
Family
94/100
Dining
96/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Arcadia
  • 91007
  • 515 Fairview Ave

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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