CA > South Pasadena
South Pasadena, CA 91030,181 Monterey RD
South Pasadena, CA 91030,181 Monterey RD
South Pasadena, CA 91030,181 Monterey RD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$11,000,000
Est. payment /mo
1.26 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS25179661

HOA Y/N No

Lot Size 1.260 Acres

Property Description

We are pleased to present an exceptional development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. This offering includes three contiguous parcels totaling 1.26 acres, delivered with all entitlements secured and plans approved for a 51-unit condominium complex.
The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,824 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units.
South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry.

This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.

Location

State CA

County Los Angeles

Area 658 - So. Pasadena

Zoning SPR310000*

Interior

Fireplace No

Exterior

Community Features Biking, Hiking, Suburban, Sidewalks, Park

View Y/N Yes

View City Lights, Mountain(s), Neighborhood

Building

Lot Description 36-40 Units/Acre, Lot Over 40000 Sqft, Level, Near Park, Sloped Up

Water Public

New Construction No

Others

Senior Community No

Tax ID 5311015035

Acceptable Financing Cash, Contract, 1031 Exchange

Listing Terms Cash, Contract, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by MING SONG RE/MAX PREMIER/ARCADIA 626-456-0818

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