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Land For Sale • 1.26 AC
| 53-unit condominium project with approved tract map, significantly reducing entitlement risk and saving years of development timeline. |
| Located in one of Southern California's most desirable residential communities, renowned for its award-winning schools, and walkable downtown. |
| Approximately 1.26 acres (54,794 SF) approved for a 7-story, 53-unit condominium project in an extremely land-constrained market. |
| Project is delivered without building permits, allowing the buyer to finalize construction documents, and optimize building design. |
| Current underwriting models a $70.47 million gross sellout, supported by new condominium sales in nearby Pasadena ranging from $1,042 - $1,101 per sf. |
| South Pasadena has experienced virtually no significant new condominium development due to restrictive zoning and limited available land. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 5.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| South Pasadena (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 20 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 25 min | - | 17.1 mi |
| Los Angeles International | 33 min | - | 21.3 mi |
| Long Beach (Daugherty Field) | 38 min | - | 24.6 mi |
Filip Niculete
Marcus & Millichap
Filip Niculete
Marcus & Millichap
