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Listed by Enrique Lizarazu • COMPASS
$1,025,000
Est. payment /mo
6,807 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 6,807 sqft
Price per Sqft $150
MLS Listing ID CRPF25150795
HOA Y/N No
Lot Size 6,807 Sqft
Property Sub-Type Unimproved Land
Source Datashare California Regional
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
Interior
Fireplace No
Exterior
View None
Building
Lot Description Level
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