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Investment Highlights

  • Wide 10,135 SF rectangular lot with approximately 64 feet of frontage
  • Existing configuration supports potential development of approximately 7 residential units by right (buyer to verify)
  • Additional upside through California density bonus programs, affordable housing incentives, or special needs housing overlays, subject to City approva
  • Current FGSP-C-3D zoning designation
  • Draft Specific Plan updates contemplate increased residential density allowances, including proposed MU-48 zoning classifications

Executive Summary

Rare opportunity to acquire a 10,135 sq. ft. rectangular lot located within the Fair Oaks/Orange Grove Specific Plan in Pasadena with significant development potential. Zoned FGSP-C-3D, the property offers flexible residential and pedestrian-oriented commercial development potential in a desirable Pasadena corridor . To review the allowed uses and permit requirements for this property, See FGSP-C-3D- Allowed uses supplement. Conveniently located near shopping, dining, transportation, and Pasadena amenities. The site currently contains a two-story residence built in 1911 and a detached two-car garage. Tax assessor records indicate approximately 2,030 sq. ft. with four bedrooms and one bathroom. Based upon a Historic Resource Evaluation completed by the City of Pasadena in February 2025, the planning department concluded the property does not meet the criteria for individual historic designation, providing additional clarity for future planning and redevelopment considerations. See Notice of determination supplement. The Property is currently zoned FGSP-C-3D under the Fair Oaks / Orange Grove Specific Plan. Current regulations permit residential development at a maximum density of approximately 32 dwelling units per acre, subject to applicable regulations and City approvals. The Property is located within an area currently undergoing planning updates as part of Pasadena’s Fair Oaks / Orange Grove Specific Plan revision process. Draft planning materials under consideration by the City contemplate increased residential density allowances, including potential MU-48 zoning classifications on the corridor. House is vacant. Contact listing agent to schedule an appointment to see inside. Seller requires that all parties (agents, vendors, principals) sign a liability waiver before requesting an appointment to see the property. See the waiver in supplements.

Property Facts

Price $1,754,788 CAD
Sale Type Investment
Sale Conditions
Build to Suit
  • Deferred Maintenance
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Daycare Centre
  • Planned Unit Development
  • Rehabilitation Centre
Total Lot Size 0.23 AC
Zoning FGSP-C-3D - Fair Oaks-Orange Grove Specific Plan: Draft planning materials under consideration by the City contemplate increased residential density allowances, including potential MU-48 zoning.

1 Lot Available

Lot 16

Price $1,754,788 CAD
Price Per AC $7,542,023.67 CAD
Lot Size 0.23 AC
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
5725-029-016
Land Assessment
$713,448 CAD
Improvements Assessment
$189,777 CAD
Total Assessment
$903,225 CAD
  • Listing ID: 40761930

  • Date on Market: 2026-06-02

  • Last Updated:

  • Address: 366 E Orange Grove Blvd, Pasadena, CA 91104

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