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515 Fairveiw Ave 1.03 Acres of Residential Land Offered at $17,500,545 CAD in Arcadia, CA 91007
Investment Highlights
- Prime Arcadia Location: Located in the coveted Arcadia School District.
- Redevelopment Opportunity: Zoned for up to 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
Property Facts
| Price | $17,500,545 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Total Lot Size | 1.03 AC | |
| No. Lots | 1 | ||
| Zoning | R-3 | ||
| Price | $17,500,545 CAD |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.03 AC |
| Zoning | R-3 |
1 Lot Available
Lot 1
| Price | $17,500,545 CAD | Lot Size | 1.03 AC |
| Price Per AC | $16,979,775.04 CAD |
| Price | $17,500,545 CAD |
| Price Per AC | $16,979,775.04 CAD |
| Lot Size | 1.03 AC |
Description
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 ± 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 Taxes
| Parcel Number | 5778-004-011 | Improvements Assessment | $8,195,292 CAD |
| Land Assessment | $5,463,525 CAD | Total Assessment | $13,658,817 CAD |
Property Taxes
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515 Fairveiw Ave
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