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We are proud to offer the Hacienda Garden Condominiums (the "Property"), a Residential Opportunity to build 34 Modern Condo Units, in the city of Pasadena. This site is fully permitted with all building permit fees of over $600,000 paid by the Seller. This is an exceptional development opportunity that sits on two parcels with cross streets at Walnut Street and Corson Street. This fully entitled, shovel-ready project is offered at $5.5M, including all plans and permits for the construction of two three-story residential buildings with 34 modern condo units. With over $600,000 in building permit fees already paid, all the heavy lifting and planning are complete, and the project is construction-ready for immediate commencement. The approved plans account for a total of ±31,567 net rentable square feet of residential dwelling space, ±3,429 SF of residential common area and circulation, for a net residential size of ±34,996 SF space, with a total gross square footage of approximately ±67,567 residential net square feet, including a ±32,571 square foot subterranean parking area. The proposed development plans, designed by the award-winning architect LCRA, include a diverse unit mix to cater to a sophisticated market. The project consists of 19 flats, 11 two-story units, and four townhomes. Common area amenities include lush modern garden-style landscaping, a secured subterranean parking lot, an elevator, and EV parking. The units are designed with balconies or patios, modern amenities, high-quality fixtures, and fully equipped kitchens with state-of-the-art appliances. The city of Pasadena represents a premier market for high-end development. The property's central location is a significant advantage, placing it minutes from Downtown Los Angeles, the San Fernando Valley, and the Inland Empire. The project's prime location, coupled with its proximity to significant employers and cultural landmarks, offers a highly desirable lifestyle for future residents. Hacienda Garden Condominiums present a prime development opportunity that will yield a profitable investment. Located in an exceptional area in prime Pasadena, this property offers a stable and premium asset for a seasoned private investor or developer to add to their portfolio, with strong potential for student housing due to its proximity to local colleges.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 10/28/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 645 - Pasadena (NW) | County | Los Angeles |
Additional Details
| AREA | 645 - Pasadena (NW) |
|---|---|
| LOT | 0.795 acre(s) |
| SEWER | Public Sewer |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), Neighborhood |
| WATER | Public |
Location
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Listed with CB RICHARD ELLIS
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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