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$8,500,000
Est. payment /mo
0.5 Acres Lot
UPDATED:
12/27/2024 04:39 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-18041
HOA Y/N No
Lot Size 0.499 Acres
Property Description
Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios. A roof terrace with spectacular city and mountain views, a second-floor open space common area, and three levels of subterranean parking/storage complete the amenities. One large retail space will anchor the street level, across the way from a small park. You simply couldn't live closer to the vibrant core of the city's historic district--and the heart of the charming urban Pasadena lifestyle.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Zoning PSC
Interior
Fireplace No
Exterior
Fence None
Community Features Biking, Park, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View City Lights, Courtyard, Hills, Mountain(s), Neighborhood
Building
Lot Description Sprinklers None
Water Public
Others
Senior Community No
Tax ID 5723026024
Acceptable Financing Cash, 1031 Exchange, Owner Will Carry
Listing Terms Cash, 1031 Exchange, Owner Will Carry
Special Listing Condition Standard
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Listed by Max Pellegrini • Engel & Voelkers Pasadena • maxpellegrinidilbeck@gmail.com