515 Fairview Ave Arcadia, CA 91007
Estimated payment $78,683/month
Highlights
- 1.03 Acre Lot
- Wood Flooring
- 5-minute walk to Fairview Avenue Park
- Holly Avenue Elementary School Rated A+
About This Home
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.
Listing Agent
CBD Investment Inc. Brokerage Phone: 626-688-2208 License #01378289 Listed on: 07/08/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 1.03 Acre Lot
- No Common Walls
Parking
- 46 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 20,210 Sq Ft Home
- 2-Story Property
- Laundry in unit
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- Unit 1 Bathroom: 0
- Unit 2 Bathroom: 0
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 3430
- Assessor Parcel Number 5778004011
Community Details
Building Details
- 23 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Gardener Expense $8,400
- Insurance Expense $3,000
- Pest Control $2,000
- Professional Management Expense $12,000
- Supplies Expense $3,000
- Trash Expense $8,000
- Water Sewer Expense $8,400
- Operating Expense $56,800
- Gross Income $480,000
- Net Operating Income $423,200
Additional Features
- 22 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $119,395 | $9,990,138 | $3,996,054 | $5,994,084 |
| 2024 | $112,195 | $9,794,253 | $3,917,700 | $5,876,553 |
| 2023 | $109,854 | $9,602,210 | $3,840,883 | $5,761,327 |
| 2022 | $106,208 | $9,413,932 | $3,765,572 | $5,648,360 |
| 2021 | $104,214 | $9,229,346 | $3,691,738 | $5,537,608 |
| 2019 | $101,677 | $8,956,250 | $3,582,240 | $5,374,010 |
| 2018 | $89,914 | $7,933,700 | $3,173,220 | $4,760,480 |
| 2016 | $11,546 | $648,227 | $211,232 | $436,995 |
| 2015 | $11,354 | $638,491 | $208,060 | $430,431 |
| 2014 | $11,357 | $625,985 | $203,985 | $422,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/08/2026 07/08/26 | For Sale | $12,800,000 | 0.0% | $633 / Sq Ft | |
| 10/18/2018 10/18/18 | Rented | $2,350 | 0.0% | -- | |
| 08/31/2018 08/31/18 | For Rent | $2,350 | 0.0% | -- | |
| 05/19/2016 05/19/16 | Sold | $7,625,000 | -30.0% | $377 / Sq Ft | View Prior Sale |
| 03/01/2016 03/01/16 | Pending | -- | -- | -- | |
| 01/07/2016 01/07/16 | For Sale | $10,900,000 | -- | $539 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26148733
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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