For sale

Listed by: CBD Investment Inc. • Henry Liu • Contact: 626-688-2208

$12,800,000

515 Fairview Ave, Arcadia, CA 91007

48beds

44baths

20,210sqft

$90,291/mo

Get pre-qualified

Multi Family

Built in 1963

-- sqft lot

$11,485,500 Zestimate^®

$633/sqft

$-- HOA

What's special

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.

103 days
265
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 48
Bathrooms: 44

Appliances

Laundry: Common Area

Features

Flooring: Carpet, Wood
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 20,210
Total interior livable area: 20,210 sqft

Property

Parking

Total spaces: 46
Parking features: Garage
Garage spaces: 46

Features

Entry location: 1
Pool features: None

Lot

Size: 1.03 Acres
Features: Lot Over 40000 Sqft

Details

Parcel number: 5778004011
Zoning: ARR3YY
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected

Community & HOA

Community

Features: Suburban

Location

Region: Arcadia

Financial & listing details

Price per square foot: $633/sqft
Date on market: 7/8/2026
Cumulative days on market: 103 days
Listing terms: Cash,Cash to New Loan,1031 Exchange
Tenant pays: Electricity, Gas

Estimated market value

$11,485,500

$10.80M - $12.06M

Not available

Price history

Date	Event	Price
7/8/2026	Listed for sale	$12,800,000$633/sqft
Source: CRMLS #AR26148733 Report a problem
10/25/2018	Listing removed	$2,350
Source: Coldwell Banker Dynasty #AR18213813 Report a problem
9/1/2018	Listed for rent	$2,350+30.9%
Source: Coldwell Banker Dynasty Arc. #AR18213813 Report a problem
2/14/2018	Listing removed	$1,795
Source: CANDET Properties, Inc. Report a problem
1/24/2018	Price change	$1,795-3%
Source: CANDET Properties, Inc. Report a problem
11/10/2017	Listed for rent	$1,850+3.1%
Source: CANDET Properties, Inc. Report a problem
9/29/2017	Listing removed	$1,795
Source: Zillow Rental Manager Report a problem
9/26/2017	Listed for rent	$1,795
Source: Zillow Rental Manager Report a problem