515 Fairview Ave - Apartments FOR SALE


Arcadia, CA 91007
$12,900,000 USD
626-688-2268
515 Fairview Ave, Arcadia, CA for Sale
$12,900,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

515 Fairview Ave
Arcadia, CA 91007


HIGHLIGHTS

  • Prime Arcadia Location: Located in the coveted Arcadia School District.
  • 22 Spacious Units: Includes 20 two-bedroom and 2 three-bedroom units.
  • Redevelopment Opportunity: Zoned for ± 30 townhomes.
  • Private Parking: Each unit comes with two-car parking.
  • Close to Amenities: Near transportation, restaurants, and Arcadia Mall.
  • High ROI Potential: Ideal for maximizing returns in a growing area.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$638 USD /SF

# OF UNITS

22

PRICE/UNIT

$586,364

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

ARR3YY

APN/PARCEL ID

5778-004-011

ASK ABOUT THIS PROPERTY

Henry LiuCBD Investment, Inc.More Info
626-688-2268

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Henry LiuCBD Investment, Inc.More Info
626-688-2268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.