85 North Grand Oaks Avenue, Pasadena, CA 91107

$1,280,000 Approx. USD 0 beds, 0 baths
8,501 sqft

Agent Remarks

Prime Pasadena Residential Development Site! Land value zoned RM32. Walk to Colorado Blvd, PCC and shopping center. Minutes drive to Pasadena Old Town and Paseo Colorado. Easy access to fwy 210 and metro goldline to LA downtown. City preliminary review approved 5 units during entitlement process. Design plan is for 5 units for 7000 SQ.ft livable spaces with subterranean parking. Beautiful two stories spanish style design features 1430, 1426, 1454, 1416 and 1284 SQ.ft townhomes. Existing property is currently renting out for $2500/month. Collect rent during city review. Gross return on investment is 79%ÿsale price $500/sqft)or 106%(sale price $550/sqft)! An opportunity you never want to miss. CALTECH, PCC-within 5 mins driving; Kaiser hospital-within 5 mins driving; Pasadena old town-within 8 mins driving, enjoy both serenity and downtown night life.

Listing Details

Property type: Land (Lots/Land)
Status: Active
MLS# OC15142392
List price is $1,280,000 Reduced by $200,000 on 8/4/2015
Beds: 0
Baths: 0
8,501 sqft
0.19 acres
Lot size: 8501.000
County: Los Angeles
Zoning: RM32
MLS area: 647 - Pasadena (SW)

Last Updated: 8/6/2016

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This listing belongs to the 647 - Pasadena (SW) MLS area

The listing is zoned RM32.
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Lat/Long: 34.147648, -118.105263.
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Broker: Courtesy of Kejing Guo
Listing Agent: Kejing Guo

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