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$ 1,150,000
Est. payment | /mo
0.42 Acres Lot
$ 1,150,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID GD26124651
HOA Y/N No
Lot Size 0.425 Acres
Property Description
LENDER-OWNED DEVELOPMENT OPPORTUNITY – SELLER FINANCING AVAILABLE.
Rare opportunity to acquire two contiguous parcels in South Pasadena totaling approximately 18,576 square feet. This lender-owned property is being offered below appraised value for a quick sale and presents a unique opportunity for developers, builders, and investors seeking a residential development site in a highly desirable market.
The property features substantial street frontage, elevated topography, and panoramic views of the San Gabriel Mountains. Zoned High Density Residential, the site offers significant development potential subject to buyer investigation and governmental approvals.
Seller financing is available on favorable terms, creating flexibility for buyers pursuing entitlement, planning, design, and development objectives. Owner carry-back financing may provide a valuable alternative to conventional acquisition financing and reduce upfront capital requirements.
The sale includes APN 5312-002-031 and APN 5312-002-032. APN 032 is the primary development parcel. APN 031 is not considered a standalone buildable lot but may provide value as an accessory parcel for parking, access, open space, circulation, or other supporting uses, subject to buyer verification and city requirements.
The property benefits from its proximity to the Metro A Line and regional transportation corridors, providing convenient access throughout the Los Angeles metropolitan area.
Conceptual development studies have been prepared for illustrative purposes only and are available on the supplement page. Buyers are encouraged to conduct their own due diligence regarding zoning, density, utility availability, lot configuration, environmental conditions, entitlement requirements, and all governmental approvals.
Development opportunities of this size and location, combined with seller financing and mountain views, are increasingly difficult to find. This offering provides the opportunity to acquire a well-located asset with long-term upside potential in one of the region's most desirable residential markets. Bring ALL offers.
Rare opportunity to acquire two contiguous parcels in South Pasadena totaling approximately 18,576 square feet. This lender-owned property is being offered below appraised value for a quick sale and presents a unique opportunity for developers, builders, and investors seeking a residential development site in a highly desirable market.
The property features substantial street frontage, elevated topography, and panoramic views of the San Gabriel Mountains. Zoned High Density Residential, the site offers significant development potential subject to buyer investigation and governmental approvals.
Seller financing is available on favorable terms, creating flexibility for buyers pursuing entitlement, planning, design, and development objectives. Owner carry-back financing may provide a valuable alternative to conventional acquisition financing and reduce upfront capital requirements.
The sale includes APN 5312-002-031 and APN 5312-002-032. APN 032 is the primary development parcel. APN 031 is not considered a standalone buildable lot but may provide value as an accessory parcel for parking, access, open space, circulation, or other supporting uses, subject to buyer verification and city requirements.
The property benefits from its proximity to the Metro A Line and regional transportation corridors, providing convenient access throughout the Los Angeles metropolitan area.
Conceptual development studies have been prepared for illustrative purposes only and are available on the supplement page. Buyers are encouraged to conduct their own due diligence regarding zoning, density, utility availability, lot configuration, environmental conditions, entitlement requirements, and all governmental approvals.
Development opportunities of this size and location, combined with seller financing and mountain views, are increasingly difficult to find. This offering provides the opportunity to acquire a well-located asset with long-term upside potential in one of the region's most desirable residential markets. Bring ALL offers.
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR4YY
Interior
Fireplace No
Exterior
Community Features Street Lights
View Y/N Yes
View Canyon
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5312002031
Acceptable Financing Cash, Cash to New Loan, Owner Will Carry
Listing Terms Cash, Cash to New Loan, Owner Will Carry
Special Listing Condition Standard
Listed by Jack Holwahjian Huntington Group 818-522-0479, DRE #01800853
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