515 Fairview AVE

ARCADIA, CA 91007
Square Ft.
20,210
$12,800,000
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… Read MoreRead Less
Courtesy of CBD Investment Inc. 626-566-2221
Listing Snapshot
Days Online
122
Last Updated
Property Type
Apartment
Square Ft.
20,210
Lot Size
1 Acres
Year Built
1963
MLS Number
AR26148733MR
Property Location Map
Additional Details
Building
Built in 1963, Living area: 20210, Entry level: 1
Community
Suburban
Expenses
Electric: $1,200, Insurance: $25,000, Operating: $55,800, Pest Control: $2,000, Supplies: $3,000, Trash: $8,000, Water/Sewer: $8,400
Income
Gross ScheduledIncome: $480,000, Net Operating Income: $423,200
Lot
1 acres
Sewer
Public Sewer
Taxes
Zoning: ARR3YY
Tenant Pays
Electric, Gas
Utilities
Electricity Connected, 23 separate electric meters
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Richard Lombari
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