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.