Property Details
About this Property
We are pleased to present an exceptional development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. This offering includes three contiguous parcels totaling 1.26 acres, delivered with all entitlements secured and plans approved for a 51-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,824 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.
MLS Listing Information
MLS #
CRWS25179661
MLS Source
California Regional MLS
Days on Site
11
Lots & Land Information
Lot Description
Grade - Level, Grade - Sloped Up
Parking, School, and Other Information
HOA Fee
$0
Zoning
D8, LZ, LL, PRK, UPS
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
181 Monterey Rd is in South Pasadena, CA 91030. This Land is currently priced at $11,000,000. This address can also be written as 181 Monterey Rd, South Pasadena, CA 91030.
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This listing information is up-to-date as of August 09, 2025. For the most current information, please contact MING SONG, (626) 888-9808
