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Listed by MING SONG • RE/MAX PREMIER/ARCADIA
$ 11,000,000
Est. payment /mo
New
181 Monterey RD South Pasadena, CA 91030
1 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRWS25179661
Lot Size 1 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
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 D8,LZ,LL,PRK,UPS
Exterior
View Hills, Local/Neighborhood, City Lights
Building
Lot Description Grade - Sloped Up , Grade - Level
Water District - Public
Others
Tax ID 5311015035
Special Listing Condition Not Applicable
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