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2548 El Molino Ave - Mixed Use/Multifamily Dev. Site 0.36 Acres of Commercial Land Offered at $2,341,750 CAD in Altadena, CA 91001
Investment Highlights
- Located in Altadena, offering connectivity to Pasadena and surrounding San Gabriel Valley employment centers.
- Situated in a high-demand housing area supported by stable economic and demographic growth trends.
- Redevelopment opportunity suitable for residential, mixed-use, or other projects permitted under zoning regulations.
Executive Summary
Property Facts
| Price | $2,341,750 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land | ||
| Zoning | LCC3* - Commercial | ||
| Price | $2,341,750 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.36 AC |
| Zoning | LCC3* - Commercial |
1 Lot Available
Lot
| Price | $2,341,750 CAD | Lot Size | 0.36 AC |
| Price Per AC | $6,452,026.45 CAD |
| Price | $2,341,750 CAD |
| Price Per AC | $6,452,026.45 CAD |
| Lot Size | 0.36 AC |
The parcel consists of approximately 15,810 square feet and is zoned LCC3*, offering a flexible land use profile and potential for redevelopment subject to zoning regulations and municipal approvals.
Description
Positioned in the desirable Altadena community in Los Angeles County, this 15,810-square-foot parcel offers a rare opportunity for redevelopment under its LCC3* zoning designation. The generous lot size and zoning flexibility create potential for a variety of residential or mixed-use configurations, subject to city regulations and approvals, making this an attractive asset for both developers and investors. The property’s location provides convenient access to major road networks and sits near diverse commercial corridors and lifestyle amenities while preserving the serene appeal of Altadena’s residential character. This site is well-suited for projects seeking integration with the vibrant surroundings of Pasadena and the broader San Gabriel Valley, areas known for their high housing demand and strong economic stability. With its ample lot size and adaptable zoning framework, 2548 El Molino Ave is an exceptional development prospect for those looking to establish a long-term presence in a thriving Southern California market.
Property Taxes
| Parcel Number | 5845-017-011 | Improvements Assessment | $1,329,267 CAD |
| Land Assessment | $1,085,878 CAD | Total Assessment | $2,415,146 CAD |
Property Taxes
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2548 El Molino Ave - Mixed Use/Multifamily Dev. Site
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