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Millman Team Real Estate

$12,800,000
1.03 Acre Lot

515 Fairview Avenue, Arcadia, California 91007

  • Residential Income Property Type
  • 1963 Year Built
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.

Basic Details
Residential Income
For Sale
AR26148733
$12,800,000
1963
1.03 Acre
Active
Apartment
Features
: None
: Carpet, Wood
: Common Area
: Public Sewer
: Electricity Connected
$0
Address Map
CA
Los Angeles
Arcadia
91007
Fairview
515
Avenue
W119° 56' 59.1''
N34° 7' 46.8''
Cross Streets: Fairview ave & La Cadena ave
605 - Arcadia
ARR3YY
Additional Information
$0
$0
$0
$0
$0
20210
: Suburban
1
46.0
: Lot Over 40000 Sqft
22
2026-07-08
2
: Public
Broker/Agent Information
CBD Investment Inc.
Henry Liu
Listing Information
A38917
30416
Cash, Cash to New Loan, 1031 Exchange
Active
2026-07-08T20:47:46Z
CRMLS
: Standard
2026-07-08T13:35:53Z
Agent info
Ray Millman
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