56
$11,980,000
7 bd | 10 ba | 16,754 sqft · House for sale
870 Fallen Leaf Road, Arcadia, CA 91006
Listing by: Keller Williams Realty124 days on market
Arcadia homes
For sale116 days on market
$12,800,000
515 Fairview Avenue, Arcadia, CA 91007
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Beds
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Baths
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Sq ft
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.
Type
Apartment
Year built
1963
Lot
44,896 sq ft (1.03 ac)
Garage
46 car
HOA
None
Pool
No
View
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Solar
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Estimated payment
$80,724/mo
- Principal & interest$64,724
- Property tax (est.)$12,267
- Home insurance (est.)$3,733
Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).
Listing provided courtesy of Henry Liu, CBD Investment Inc., 626-688-2208. MLS# AR26148733. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:13 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.
