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1736 N Sierra Bonita Ave Lot • Terrain commercial • 0,32 Acres • 2 087 550 $ CAD • Pasadena, CA 91104
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 2 087 550 $ CAD | Taille du lot | 0,32 AC |
| Prix par AC | 6 523 593,89 $ CAD |
| Prix | 2 087 550 $ CAD |
| Prix par AC | 6 523 593,89 $ CAD |
| Taille du lot | 0,32 AC |
1 1
Assez praticable à pied
50/100
Très facile d’accès en voiture
80/100
Transports en commun limités
20/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 572 561 $ CAD | |
| Évaluation du terrain | 1 001 981 $ CAD | Évaluation totale | 1 574 542 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
1 001 981 $ CAD
Évaluation des bâtiments
572 561 $ CAD
Évaluation totale
1 574 542 $ CAD
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1736 N Sierra Bonita Ave
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