Your email has been sent.
1736-1740 N Sierra Bonita Ave 4,068 SF Office Building Pasadena, CA 91104 $2,040,465 CAD ($501.59 CAD/SF)
Investment Highlights
- High-density multifamily potential in supply-constrained rental market
- State density bonus eligible
- Public utilities
- Lot merger opportunity
- Non-historic site
- Strong area incomes
Executive Summary
This offering consists of two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena submarket, presenting a rare opportunity for high-density multifamily development in a supply-constrained rental market.
A third-party feasibility study prepared by Elevated Entitlements concludes that, through a lot merger and rezone to C-2 (Neighborhood Commercial) and utilization of the California State Density Bonus (AB 1287), the site could support up to 32 residential units, inclusive of required affordable housing components.
The County of Los Angeles has indicated potential support for efforts to develop multifamily housing at the site, subject to standard entitlement processes and pre-application review. The property is not designated as a historic resource and is served by public utilities.
Existing improvements include two commercial structures and a single-family residence, offering interim income or redevelopment flexibility. The true value lies in the site’s land basis, zoning context, and documented density upside.
This is a compelling opportunity for developers seeking scale, entitlement upside, and long-term rental demand in one of Southern California’s most undersupplied housing corridors.
Property Facts
Amenities
- Fenced Lot
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This mixed-use location offers flexibility with three buildings: 1,008 SF commercial building • 2,138 SF commercial building •912 SF Single-Family Home (3-Bed, 2-Bath). For a contractor or other construction business, the commercial buildings and large lot could be used for light storage, and the house could be used for office. The house is beautifully remodeled, so the property can support a live/work situation as well. The house has it's own private, fenced back yard too. The owner is open to enlarging the rear doors of the commercial buildings to make them more suitable for loading and unloading materials and equipment. The ceilings have approximately 14' clear height. The property is shielded from the street by the two commercial buildings, and a privacy gate could be installed at the driveway to further minimize visibility from the street. $3,500 for the house and $6,000 for the commercial spaces together. $9,500 a month for everything.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 912-4,068 SF | Flex | - | Now |
1st Floor
| Size |
| 912-4,068 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 912-4,068 SF |
| Space Use | Flex |
| Condition | - |
| Available | Now |
This mixed-use location offers flexibility with three buildings: 1,008 SF commercial building • 2,138 SF commercial building •912 SF Single-Family Home (3-Bed, 2-Bath). For a contractor or other construction business, the commercial buildings and large lot could be used for light storage, and the house could be used for office. The house is beautifully remodeled, so the property can support a live/work situation as well. The house has it's own private, fenced back yard too. The owner is open to enlarging the rear doors of the commercial buildings to make them more suitable for loading and unloading materials and equipment. The ceilings have approximately 14' clear height. The property is shielded from the street by the two commercial buildings, and a privacy gate could be installed at the driveway to further minimize visibility from the street. $3,500 for the house and $6,000 for the commercial spaces together. $9,500 a month for everything.
Property Taxes
| Parcel Numbers | Improvements Assessment | $569,981 CAD | |
| Land Assessment | $997,465 CAD | Total Assessment | $1,567,447 CAD |
Property Taxes
-
Research In Progress - Research In Progress
Presented by
Research In Progress
1736-1740 N Sierra Bonita Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.