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This property is offered for sale mainly for its land value. An ideal property for developers and builders: It has a lot size of 1/3 acre (66x220), zoned PSC (allowing a min of 87 units per acre; see Pasadena Land Use Map attached). The property can yield up to 29–32 buildable units. Check with the city for a high-density bonus unit allowance. It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Caltech, PCC, and Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Presently, the property has 4 existing structures on the lot, consisting of 1 SFR, 1 duplex, and 2 fourplexes, with a GSI of up to $332,000 per year (pro forma). Great bonus while waiting for building permits! All structures are to be sold "as is." Submit your best offer by considering the number of buildable units and the value of all the new units after construction. All information provided is deemed reliable but is not guaranteed and should be independently verified. The seller made no warranties or representations of any kind.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 4/30/2025 | Community | Pasadena (SW) |
|---|---|---|---|
| County | Los Angeles |
Price History
| Prior to Apr 30, '25 | $8,150,000 |
|---|---|
| Apr 30, '25 - Today | $7,850,000 |
Additional Details
| AREA | Pasadena (SW) |
|---|---|
| HOA DUES | 0 |
| LOT | 0.33 acre(s) |
| LOT DIMENSIONS | 66 x 220 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | PSC- |
Location
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Listed with JENOAK PROPERTIES
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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