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Listed by Enrique Lizarazu • COMPASS
$1,025,000
Est. payment /mo
6,807 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF-25150795
Lot Size 6,807 Sqft
Property Description
Unique investment opportunity in the heart of Pasadena--perfectly situated within walking distance to Colorado Boulevard, Pasadena City College, and Caltech. This property, zoned RM48, offers significant development potential in one of the most desirable and transit-accessible neighborhoods in the city. While the tax records show the property as a duplex, it is currently operating with five income-generating units. With an attractive Gross Rent Multiplier and Cap Rate, this asset allows you to collect income immediately while submitting plans for new construction or redevelopment. Offers are due 7/30/2025 at 6:00 pm
Location
State CA
County Los Angeles
Area 648 - Pasadena Se
Zoning PSR4
Exterior
Community Features Biking, Curbs, Sidewalks, Street Lights
Utilities Available Sewer Connected
View Y/N No
View None
Building
Lot Description Level, Lot 6500-9999, Rectangular Lot
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900