Listed by Steven Mansour of WestCoast Realty & Management [email protected]
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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.
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Listing Snapshot
Price
$4,895,000
Days On Site
46 Days
Bedrooms
N/A
Inside Area (SqFt)
5,824 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5379 Acres
Year Built
1961
MLS® Number
SB25222464
Status
Active
Property Tax
$17,574.91
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.5379
Number Of Stories
1
Property Sub Type
Mixed Use
Special Circumstances
Standard
SqFt Total
5824
Water Source
Public
Interior Features
Laundry Features
None
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Community Features
Financing Terms Available
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MLS Area
645 - Pasadena (NW)
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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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