Se Connecter/S’inscrire
Votre courriel a été envoyé.
185 Monterey Rd - 53 Unit Entitled Condominum Development Lot • Résidentiel • 1,26 Acres • 11 242 400 $ CAD • South Pasadena, CA 91030
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- 53-unit condominium project with approved tract map, significantly reducing entitlement risk and saving years of development timeline.
- Approximately 1.26 acres (54,794 SF) approved for a 7-story, 53-unit condominium project in an extremely land-constrained market.
- Current underwriting models a $70.47 million gross sellout, supported by new condominium sales in nearby Pasadena ranging from $1,042 - $1,101 per sf.
- Located in one of Southern California's most desirable residential communities, renowned for its award-winning schools, and walkable downtown.
- Project is delivered without building permits, allowing the buyer to finalize construction documents, and optimize building design.
- South Pasadena has experienced virtually no significant new condominium development due to restrictive zoning and limited available land.
Résumé de l'annonce
The LAAA Team of Marcus & Millichap is pleased to present 185 Monterey Road, a rare fully entitled 53-unit condominium development opportunity located in the highly sought-after city of South Pasadena. The ±1.26-acre site has received Tract Map Approval, eliminating years of entitlement risk while allowing a developer to retain flexibility by completing building permits, value engineering, and contractor selection after closing.
The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88,111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8,000,000 ($150,943 per approved unit), the project represents one of the few large-scale for-sale residential development opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.
South Pasadena's exceptional public schools, affluent demographics, walkable downtown, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1,000 per square foot.
The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88,111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8,000,000 ($150,943 per approved unit), the project represents one of the few large-scale for-sale residential development opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.
South Pasadena's exceptional public schools, affluent demographics, walkable downtown, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1,000 per square foot.
Faits sur la propriété
| Prix | 11 242 400 $ CAD | Type de propriété | Terrain |
| Type de vente | Investissement | Sous-type de propriété | Résidentiel |
| Nombre de lots | 1 | Taille totale du lot | 1,26 AC |
| Prix | 11 242 400 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Résidentiel |
| Taille totale du lot | 1,26 AC |
1 Lot disponible
Lot
| Prix | 11 242 400 $ CAD | Taille du lot | 1,26 AC |
| Prix par AC | 8 922 539,82 $ CAD |
| Prix | 11 242 400 $ CAD |
| Prix par AC | 8 922 539,82 $ CAD |
| Taille du lot | 1,26 AC |
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement accessible en vélo
70/100
Impôts fonciers
| Numéro de lot | 5311-010-076 | Évaluation des bâtiments | 196 223 $ CAD |
| Évaluation du terrain | 3 758 736 $ CAD | Évaluation totale | 3 954 960 $ CAD |
Impôts fonciers
Numéro de lot
5311-010-076
Évaluation du terrain
3 758 736 $ CAD
Évaluation des bâtiments
196 223 $ CAD
Évaluation totale
3 954 960 $ CAD
1 de 13
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
185 Monterey Rd - 53 Unit Entitled Condominum Development
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.