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.

• Property Type

  Land

• County

  Los Angeles

• Style

  Land

• AD ID

  49641296