Home | Los Angeles County | South Pasadena | 91030 | 181 Monterey Rd
MLS: CRWS26076621 | Status: Active | Price: $8,500,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 1.26 | – |
Land cost average $160,000 per unit !! This is an exceptional and rare development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. Offering includes a totaling 1.26 acres lot with all entitlements secured and plans approved for a 53-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,351 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units. South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry. This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
| Field | Value |
|---|---|
| MLS # | CRWS26076621 |
| MLS Source | California Regional MLS |
| Days on Site | 13 |
| Feature | Details |
|---|---|
| HOA Fee | $0 |
| Zoning | LZ, LL, D8, PRK, UPS |
| Feature | Details |
|---|---|
| Lot Description | Grade - Level, Grade - Sloped Up |
MING SONG
RE/MAX PREMIER/ARCADIA
License #: 01866980
Phone: (626) 888-9808
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2929 N Amethyst St | $8,999,999 | – | – | – | Active |
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This listing information is up-to-date as of April 09, 2026. For the most current information, please contact MING SONG, (626) 888-9808.