Log In/Sign Up
Your email has been sent.
1736 N Sierra Bonita Ave 0.32 Acres of Commercial Land Offered at $2,087,550 CAD in Pasadena, CA 91104
Investment Highlights
- Up to 32 units allowable if lots are combined and rezoned C2
- Existing improvements can generate interim revenue
- Feasibility study from Elevated Entitlements available
- Opportunity to create rental units in a supply-constrained submarket due to Eaton Canyon Fire impact in the surrounding community
Executive Summary
High-Density Multifamily Development Site | Up to 32 Units (Conceptual) | Pasadena Area
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.
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
1 Lot Available
Lot
| Price | $2,087,550 CAD | Lot Size | 0.32 AC |
| Price Per AC | $6,523,593.89 CAD |
| Price | $2,087,550 CAD |
| Price Per AC | $6,523,593.89 CAD |
| Lot Size | 0.32 AC |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $579,644 CAD | |
| Land Assessment | $1,014,376 CAD | Total Assessment | $1,594,020 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,014,376 CAD
Improvements Assessment
$579,644 CAD
Total Assessment
$1,594,020 CAD
-
Research In Progress - Research In Progress
1 of 56
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Research In Progress
1736 N Sierra Bonita Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.