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.