$10,500,000
SOLD AUG 28, 2025

514 - 518 Fairview Ave Arcadia, CA 91007

1.33 Acres
$7,894,737 Price per Acre
57,935 Sq Ft Lot

Recently Sold

17% Below List Price

About This Lot

As of August 2025

**2 Lots | APN: 5778-005-012, 5778-005-013 | 1.33-ACRES** IREA and 7 Capital Real Estate are proud to exclusively present, for the first time in 67 years, the generational opportunity to acquire a 1.33-acre lot located in the highly sought-after city of Arcadia, offering an unparalleled development opportunity with its unique street-to-street configuration. Spanning from Fairview Avenue to Arcadia Avenue, the property provides convenient ingress and egress from both streets, ensuring optimal access and flow for future residents. Zoned for high-density residential use, this lot allows for the development of up to 53 condominium units by right, making it an ideal site for a high-end condominium project. With its central location in Arcadia "The Jewel Among Southern California Communities", renowned for its top-tier schools (recognized as the #1 Best School District in Los Angeles), prime shopping districts such as the Westfield Santa Anita Mall, and proximity to major transportation routes, this lot is primed for a luxury residential development that would attract discerning buyers seeking the best in Southern California living. Within a 3-mile radius of the property there is a population of 185,553, the average household income is $136,501 and the average home value is $1,470,000.

Last Agent to Sell the Property

Sevak Amranyan

7 Capital, Inc. License #01974451 Listed on: 09/17/2025

Last Buyer's Agent

Ming Chan

Fairview Realty & Management License #00691475

Property Details

Property Type

  • Land

Lot Details

  • 1.33 Acre Lot
  • Property is zoned ARR3YY

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5778-005-012

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 1.3300
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5778-005-012
  • Lot Description: 2-4 Lots
  • Lot Size Area: 57838
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2025 09/17/25 For Sale $12,698,000 +20.9% --
09/11/2025 09/11/25 Off Market $10,500,000 -- --
08/28/2025 08/28/25 Sold $10,500,000 -17.3% --
05/06/2025 05/06/25 For Sale $12,698,000 -- --
Source: The MLS

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25534971

The MLS