515 Fairview Ave
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515 Fairview Ave
22 Unit Apartment Building $12,900,000 ($586,364/Unit) Arcadia, CA 91007
Investment Highlights
- Prime Arcadia Location: Located in the coveted Arcadia School District.
- Redevelopment Opportunity: Zoned for ± 30 townhomes.
- Close to Amenities: Near transportation, restaurants, and Arcadia Mall.
- 22 Spacious Units: Includes 20 two-bedroom and 2 three-bedroom units.
- Private Parking: Each unit comes with two-car parking.
- High ROI Potential: Ideal for maximizing returns in a growing area.
Executive Summary
Discover an exceptional opportunity at 515 Fairview Ave in Arcadia, CA. This 22-unit apartment complex, located in the highly sought-after Arcadia School District, offers incredible potential for investors and developers alike. Situated in the prestigious 91007 zip code, this property provides residents with convenient access to a variety of local amenities, making it an attractive location for tenants.
The current configuration includes 20 spacious two-bedroom, 1.5-bath units, and two three-bedroom, 1.5-bath units. Each apartment features a blend of wood flooring and carpeting, fully equipped kitchens, generous storage, and private two-car parking for every unit. The layout is thoughtfully designed, with both bedrooms located on the second floor, ensuring privacy and comfort.
What sets this property apart is its redevelopment potential. Zoned for up to 30 townhomes, 515 Fairview Ave offers a rare opportunity for expansion in one of Arcadia's most desirable neighborhoods.
Residents will enjoy proximity to public transportation, popular dining spots, shopping centers, local parks, and the vibrant Arcadia Mall. With a location that combines convenience and growth potential, this is the perfect investment for anyone looking to maximize returns in a thriving community.
The current configuration includes 20 spacious two-bedroom, 1.5-bath units, and two three-bedroom, 1.5-bath units. Each apartment features a blend of wood flooring and carpeting, fully equipped kitchens, generous storage, and private two-car parking for every unit. The layout is thoughtfully designed, with both bedrooms located on the second floor, ensuring privacy and comfort.
What sets this property apart is its redevelopment potential. Zoned for up to 30 townhomes, 515 Fairview Ave offers a rare opportunity for expansion in one of Arcadia's most desirable neighborhoods.
Residents will enjoy proximity to public transportation, popular dining spots, shopping centers, local parks, and the vibrant Arcadia Mall. With a location that combines convenience and growth potential, this is the perfect investment for anyone looking to maximize returns in a thriving community.
Property Facts
| Price | $12,900,000 | Building Class | C |
| Price Per Unit | $586,364 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 20,210 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.38/1,000 SF |
| Apartment Style | Low Rise |
| Price | $12,900,000 |
| Price Per Unit | $586,364 |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 20,210 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Patio
Site Amenities
- Laundry Facilities
1 of 1
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 5778-004-011 | Improvements Assessment | $5,876,553 |
| Land Assessment | $3,917,700 | Total Assessment | $9,794,253 |
PROPERTY TAXES
Parcel Number
5778-004-011
Land Assessment
$3,917,700
Improvements Assessment
$5,876,553
Total Assessment
$9,794,253
zoning
| Zoning Code | ARR3YY |
| ARR3YY |
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515 Fairview Ave
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