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1736 N Sierra Bonita Ave Lot | Terrain commercial | 0,13 ha | À vendre | 1 294 305 € | Pasadena, CA 91104
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Up to 32 units allowable if lots are combined and rezoned C2
- Existing improvements can generate interim revenue
- Feasibility study from Elevated Entitlements available
- Opportunity to create rental units in a supply-constrained submarket due to Eaton Canyon Fire impact in the surrounding community
Résumé analytique
High-Density Multifamily Development Site | Up to 32 Units (Conceptual) | Pasadena Area
This offering consists of two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena submarket, presenting a rare opportunity for high-density multifamily development in a supply-constrained rental market.
A third-party feasibility study prepared by Elevated Entitlements concludes that, through a lot merger and rezone to C-2 (Neighborhood Commercial) and utilization of the California State Density Bonus (AB 1287), the site could support up to 32 residential units, inclusive of required affordable housing components.
The County of Los Angeles has indicated potential support for efforts to develop multifamily housing at the site, subject to standard entitlement processes and pre-application review. The property is not designated as a historic resource and is served by public utilities.
Existing improvements include two commercial structures and a single-family residence, offering interim income or redevelopment flexibility. The true value lies in the site’s land basis, zoning context, and documented density upside.
This is a compelling opportunity for developers seeking scale, entitlement upside, and long-term rental demand in one of Southern California’s most undersupplied housing corridors.
This offering consists of two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena submarket, presenting a rare opportunity for high-density multifamily development in a supply-constrained rental market.
A third-party feasibility study prepared by Elevated Entitlements concludes that, through a lot merger and rezone to C-2 (Neighborhood Commercial) and utilization of the California State Density Bonus (AB 1287), the site could support up to 32 residential units, inclusive of required affordable housing components.
The County of Los Angeles has indicated potential support for efforts to develop multifamily housing at the site, subject to standard entitlement processes and pre-application review. The property is not designated as a historic resource and is served by public utilities.
Existing improvements include two commercial structures and a single-family residence, offering interim income or redevelopment flexibility. The true value lies in the site’s land basis, zoning context, and documented density upside.
This is a compelling opportunity for developers seeking scale, entitlement upside, and long-term rental demand in one of Southern California’s most undersupplied housing corridors.
Informations sur l’immeuble
1 Lot disponible
Lot
| Prix | 1 294 305 € | Surface du lot | 0,13 ha |
| Prix par ha | 9 994 678,84 € |
| Prix | 1 294 305 € |
| Prix par ha | 9 994 678,84 € |
| Surface du lot | 0,13 ha |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 359 092 € | |
| Évaluation du terrain | 628 410 € | Évaluation totale | 987 502 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
628 410 €
Évaluation des aménagements
359 092 €
Évaluation totale
987 502 €
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1736 N Sierra Bonita Ave
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