Address
181 Monterey Road South Pasadena, CA
Price
$ 3,100,000
Property Attributes
  • MLS#20607166
  • TypeLand
  • CountyLOS ANGELES
  • CitySouth Pasadena
  • AreaSo. Pasadena
  • Zip91030
  • Style
  • Price$ 3,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.26 Acres
Listing Provided Courtesy Of:
Filip Niculete with Marcus & Millichap.
Property Description

We have been selected by the owner's bankruptcy attorney to exclusively list and market this rare assemblage of three adjacent lots in one of the most sought after South Pasadena markets. The three lots combined offer a developer the chance to build 15 high-end condos on this huge 54,969 square-foot lot (1.26 acres) in prime South Pasadena, California.The rarity of this development opportunity is proven by the extremely small number of land sales that have happened in this market. According to CoStar, there have only been 7 land sales in the past 10 years in South Pasadena.To prove the market for brand new condos in this location, an investor needs only to look at the two lots on both sides of this offering. The adjacent lot to the west of this offering at 167 Monterey Rd is a 9-unit Condominium project that was built in 1993.

Price History
7/21/2020 Listed $3,300,000
9/22/2020 7% - $3,100,000

General Features

Directions Kolle Ave & Monterey Rd
Listing Agent Filip Niculete - BRE#01905352
Listing Agent State License 01905352
MLS Area 658 - So. Pasadena
Price Per Square Foot 56.40
Special Listing Conditions Standard
Zoning SPR310000*

Exterior Features

Lot Size Area 54969.0000
Lot Size Source Appraiser
Lot Size Square Feet 54969.00
Lot Size Units Square Feet
Usable Land Percent ...

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91030

Price
AVG $1.69M
$3.1M
Visits
AVG 54
151
Walkscore
AVG 32
52
Data Provided by Walkscore ® not using MLS data

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