515 Fairveiw Ave 1.03 Acres of Residential Land Offered at $12,800,000 in Arcadia, CA 91007

Rare value-add and redevelopment opportunity in the heart of Arcadia. Situated within the award-winning Arcadia School District, this well-maintained apartment community offers immediate rental income with exceptional long-term redevelopment potential in one of Southern California's most desirable rental markets. The property consists of 22 apartment units, including 20 two-bedroom, 1.5-bath units and 2 three-bedroom, 1.5-bath units. Each unit features a functional two-story floor plan, fully equipped kitchen, ample storage, and dedicated two-car parking. A key investment advantage is the site's redevelopment potential. The property offers the ability to develop up to 40 dwelling units per acre (40 DU/AC), providing investors and developers with the opportunity to substantially increase density and maximize the site's highest and best use, subject to buyer verification with the City of Arcadia. Located just minutes from shopping, restaurants, schools, parks, and major transportation corridors, the property benefits from strong tenant demand, excellent demographics, and one of the most desirable locations in the San Gabriel Valley. Opportunities combining stable in-place income with significant future development upside are increasingly rare in today's market.