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Real Estate Listing at Properties from The Knight Group LA

Properties

The Knight Group LA

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$11,000,000
6 Days On Site

181 Monterey Road
South Pasadena, CA 91030

For Sale|Land|Active
County:
Los Angeles
Listed by MING SONG of RE/MAX PREMIER/ARCADIA realtor.mimisong@gmail.com
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
181 Monterey Road181 Monterey Road181 Monterey Road181 Monterey Road
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Monthly Payment (Est.)

$50,187
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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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Listing Snapshot
Price 
$11,000,000
Days On Site 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.26 Acres
Year Built 
N/A
MLS® Number 
WS25179661
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing first seen on site
6 days agoListing updated with changes from the MLS®
General Features
Acres 
1.26
Special Circumstances 
Standard
Water Source 
Public
Zoning 
SPR310000*
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Exterior Features
Lot Features 
LevelSloped Up
View 
City LightsMountain(s)Neighborhood
Waterview 
City LightsMountain(s)Neighborhood
Community Features
Community Features 
SuburbanSidewalksPark
Financing Terms Available 
CashContract1031 Exchange
MLS Area 
658 – So. Pasadena
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This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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