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$ 4,895,000
Est. payment | /mo
0.54 Acres Lot
$ 4,895,000
Est. payment | /mo
0.54 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25222464
HOA Y/N No
Year Built 1961
Annual Tax Amount $17,574
Lot Size 0.538 Acres
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Development Opportunity! A rare chance to own a fully RTI (Ready-to-Issue) development project in the heart of Pasadena. This expansive 23,349 sq. ft. lot is entitled for 8 luxury residential units plus 3 ground-floor commercial spaces—a perfect blend of upscale living and income-producing retail. RTI permits in place will save years of entitlement work, build 8 luxury residences with modern design, 3 commercial units for steady rental income, located in a thriving Pasadena corridor and this offers Long-term generational investment potential. This is a one-of-a-kind development opportunity combining residential demand with prime retail exposure. Lots this big don't come along very often. Older buildings on lot to be Demolished.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 5727010040
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Steven Mansour WestCoast Realty & Management 310-991-2092
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”