Homes for sale - 155 S Oak Knoll AVE, Pasadena, CA 91101

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Ernie Caponera

Newport Properties

ernie@newport-properties.com +1(714) 606-0926

$8,150,000

Est. payment - /mo

0.33 Acres Lot

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UPDATED:

12/13/2024 07:14 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS24231478

HOA Y/N No

Lot Size 0.333 Acres

Lot Dimensions Assessor

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 1/3 acre (66x220), zoned PSC (allowing a min of 87 units per acre; see Pasadena Land Use Map attached). The property can yield up to 29–32 buildable units. Check with the city for a high-density bonus unit allowance. It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Caltech, 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

Area 647 - Pasadena (Sw)

Zoning PSC-

Interior

Fireplace No

Exterior

Fence Block, Masonry

Community Features Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Building

Water Public

New Construction No

Others

Senior Community No

Tax ID 5734023020

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry

Special Listing Condition Standard

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Listed by Q JENSAN CHENG • JENOAK PROPERTIES • 6268172818

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

155 S Oak Knoll AVE Pasadena, CA 91101