Active

155 S Oak Knoll Avenue

Pasadena CA, 91101

$8,000,000


$551.34 per sqft

Active

0.33 Acres

Land

Listed by Q JENSAN CHENG with JENOAK PROPERTIES 626-237-0101

This property is offered for sale mainly for its land value. An ideal property for developers and builders: It has a lot size of 14510 sq ft (or 1/3 acre), zoned PSC (allowing 60-87 units per acre, see Pasadena Land Use Map attached). The property can yield up to 28-31 buildable units. Check with the city for a high-density bonus unit allowance. There are a couple ongoing construction sites on the same street that have permits for 17 units on .20 ac (or 85 u/acre) and 19 units on .23 ac (or 84 u/acre). It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Cal Tech, PCC, and Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Presently, the property has 4 existing structures on the lot, consisting of 1 SFR, 1 duplex, and 2 fourplexes, with a GSI of up to $332,000 per year (pro forma). Great bonus while waiting for building permits! All structures are to be sold "as is." Submit your best offer by considering the number of buildable units and the value of all the new units after construction. A substantial profit! All information provided is deemed reliable but is not guaranteed and should be independently verified. Seller made no warranties or representations of any kind.

WS24134695

MLS ID

July 1, 2024

Listed

July 14, 2024

Updated

Map

155 S Oak Knoll Avenue
Pasadena CA, 91101

Exterior/Building Features

Lot Size

0.33 Acres

Other Property Details

Area Name

647 - Pasadena (SW)


Garage

No


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Zoning

PSC-

Listing History

Date

Event

Price

7/1/2024

Price Change

$8,000,000

0%

Listing Contact: 626-237-0101 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:34 AM UTC

 

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