181 Monterey Road, South Pasadena, CA 91030
- $11,000,000
- List Price
- $11,000,000
- Status
- ACTIVE
- MLS#
- WS25179661
- Lot Size
- 54,885
- Acres
- 1.26
- Lot Location
- 36-40 Units/Acre, Lot Over 40000 Sqft, Level, Near Park, Sloped Up
- Days on Market
- 43
- Property Type
- Land
Property Description
We are pleased to present an exceptional development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. This offering includes three contiguous parcels totaling 1.26 acres, delivered with all entitlements secured and plans approved for a 51-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,824 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units. South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry. This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
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Additional Information
- View
- City Lights, Mountain(s), Neighborhood
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: MING SONG (realtor.mimisong@gmail.com) from Listing Office: RE/MAX PREMIER/ARCADIA.
Mortgage Calculator
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