155 S Oak Knoll, Pasadena, CA 91101

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Glen Henderson

[email protected] +1(619) 889-7646

$7,850,000

Est. payment - /mo

0.33 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24231478

HOA Y/N No

Lot Size 0.333 Acres

Acres 0.3331

Lot Dimensions 66 x 220

Property Sub-Type Lots/Land

Type of Financing Cash,Exchange,Seller May Carry

Property Description

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 2932 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.
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 2932 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.

Location

State CA

County Los Angeles

Area Pasadena (91101)

Exterior

Utilities Available Cable TV,Electric,Telephone

Building

Lot Description Sidewalks

Others

Monthly Total Fees $83

Acceptable Financing Cash, Exchange, Seller May Carry

Listing Terms Cash, Exchange, Seller May Carry

CFD/Mello-Roos Fee $1, 000

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Listed by Q JENSAN CHENG • JENOAK PROPERTIES

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

155 S Oak Knoll Pasadena, CA 91101

Glen Henderson

Key Details

Location

Exterior

Building

Others

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