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$ 12,698,000
Est. payment /mo
Active
514 - 518 Fairview AVE Arcadia, CA 91007
1.33 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25534971
HOA Y/N No
Lot Size 1.328 Acres
Property Description
**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.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning ARR3YY
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5778005012
Special Listing Condition Standard
Listed by Sevak Amranyan • 7 Capital, Inc.