80 Monterey Road

South Pasadena, CA 91030

PRICE REDUCED

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-$550,000 (-25.58%)

$1,600,000

List Price

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Property Description

Builders, Developers, and Investors, LAND FOR DEVELOPMENT Unlock the potential of a prime opportunity in South Pasadena – a meticulously planned project featuring the construction of thirteen (13) exquisite modern townhouses. This visionary design encompasses private garages and rooftop patios, elevating the living experience for future residents. Situated on vacant parcels totaling approximately 18,504 sqft, with an impressive 160 feet of frontage on Monterey Rd, this development offers not only a strategic location but also breathtaking 180 panoramic views of the San Gabriel Mountains. Seize the chance to develop in South Pasadena, capitalizing on its inherent charm, coveted location, favorable weather, rich traditions, and the added benefit of access to award-winning schools. This investment encompasses two parcels – 5312-002-032and 5312-002-031. Don't miss out on this exceptional investment opportunity that promises not just a sound financial venture but the creation of a community that harmonizes modern living with picturesque surroundings. the seller has preliminary plans to build 13 units, plans were not submitted to the city. Note: Parcels have been combined from 4 previous APN numbers . . the old parcels where 5312-002-007, 5312-002--008, 5312-002--009 & 5312-002-025

Listing Information

List Price $1,600,000
Status Active
MLS AR23228157
HOA $0
Type Land
Lot Size 18,504
Structure Size N/A
DOM 238
Courtesy Of Kailani Realty
Listing Agent Nizar Kailani DRE#01272558

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Nizar Kailani, Kailani Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.