$ 8,150,000
155 S Oak Knoll Avenue Pasadena, CA 91101
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Listed by Q JENSAN CHENG • JENOAK PROPERTIES
$ 8,150,000
Est. payment | /mo
14,510 SqFt
$ 8,150,000
Est. payment | /mo
14,510 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 14,510 sqft
Price per Sqft $561
MLS Listing ID CRWS24231478
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.333 Acres
Property Description
This property is offered for sale mainly for its land value. An ideal property for developers and builders: It has a lot size of 14510 sq ft (or 1/3 acre), zoned PSC (allowing 60–87 units per acre; see Pasadena Land Use Map attached). The property can yield up to 28–31 buildable units. Check with the city for a high-density bonus unit allowance. There are a couple ongoing construction sites on the same street that have permits for 17 units on.20 ac (or 85 u/acre) and 19 units on.23 ac (or 84 u/acre). It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Cal Tech, PCC, and Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Presently, the property has 4 existing structures on the lot, consisting of 1 SFR, 1 duplex, and 2 fourplexes, with a GSI of up to $332,000 per year (pro forma). Great bonus while waiting for building permits! All structures are to be sold "as is." Submit your best offer by considering the number of buildable units and the value of all the new units after construction. All information provided is deemed reliable but is not guaranteed and should be independently verified. The seller made no warranties or representations of any kind.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Lot Description Other
Water Public
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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Paul LeJoy
Broker-Owner | Lic# 01467744