This property is offered for sale mainly for its land value. An ideal property for developers and builders: It has a lot size of 14510 sq ft (or 1/3 acre), zoned PSC (allowing 60–87 units per acre; see Pasadena Land Use Map attached). The property can yield up to 28–31 buildable units. Check with the city for a high-density bonus unit allowance. There are a couple ongoing construction sites on the same street that have permits for 17 units on.20 ac (or 85 u/acre) and 19 units on.23 ac (or 84 u/acre). It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Cal Tech, 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.
Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios. A roof terrace with spectacular city and mountain views, a second-floor open space common area, and three levels of subterranean parking/storage complete the amenities. One large retail space will anchor the street level, across the way from a small park. You simply couldn't live closer to the vibrant core of the city's historic district--and the heart of the charming urban Pasadena lifestyle.
Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios. A roof terrace with spectacular city and mountain views, a second-floor open space common area, and three levels of subterranean parking/storage complete the amenities. One large retail space will anchor the street level, across the way from a small park. You simply couldn't live closer to the vibrant core of the city's historic district--and the heart of the charming urban Pasadena lifestyle.
INVESTORS, DEVELOPERS, 264 E BELLEVUE IS ENTITLEMENT READY. LETTER WAS RECEIVED JANUARY 19, 2023. THE PROPOSED PROJECT IS 8 UNITS FARMHOUSE STYLE - ALL UNITS ARE 3 BEDROOM WITH 2-2.5 BATH RANGING FROM 1,634 SF to 1,915 SF. LOCATED ADJACENT TO MAYFIELD SCHOOL A CATHOLIC PRIVATE SCHOOL, CROSS STREET IS MARENGO WHERE THERE ARE BEAUTIFUL MILLION DOLLAR CONDOS FOR SALE. WALKING DISTANCE TO DOWNTOWN PASADENA AND COLORADO BLVD. STRUCTURAL AND MEP NEAR FULL COMPLETION. PRICE INCLUDES COST OF (ARCHI, CIVIL, STRUCTURAL AND MEP). GRADING, DRAGINAGE PLAN, COMPOSITE UTILITY PLAN, HYDRO ANALYSIS / LID REPORT HAVE BEEN COMPLETED
The median home value in Pasadena, CA is $1,023,900. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Pasadena, CA is $1,023,900. Approximately 38.05% of Pasadena homes are owned, compared to 51.87% rented, while 10.08% are vacant. Pasadena real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pasadena real estate agent to arrange a tour today!
Pasadena, California 91101 has a population of 138,771. Pasadena 91101 is less family-centric than the surrounding county with 29.06% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Pasadena, California 91101 is $89,661. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Pasadena 91101 is 39.1 years.
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 21.4 inches per year, with 0 inches of snow per year.