1736 N Sierra Bonita Avenue, Pasadena, CA 91104

sale $1,500,000 | Other

Courtesy Of KW College Park

This offering presents a rare opportunity to acquire two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena area, with a documented path toward high-density multifamily development. A recent third-party feasibility study prepared by Elevated Entitlements concludes that, if the parcels are merged and rezoned entirely to C-2 (Neighborhood Commercial) and developed utilizing the California State Density Bonus (AB 1287), the site could support up to 32 residential units, including required affordable housing components. The County of Los Angeles has indicated openness to efforts that advance multifamily housing at the site, subject to standard planning review and pre-application consultation. The property is not designated as a historic resource and is served by public utilities. For developers seeking scale in a supply-constrained rental market with strong household incomes, this asset offers a compelling blend of land basis, density potential, and entitlement upside. Existing Improvements can provide interim holding income:

1,008 SF Commercial Building 2,138 SF Commercial Building 912 SF Single-Family Home (3-Bed, 2-Bath)

Property Features

Age: Over 50 Years Old
Architecture Style: Other
Cooling System: Central Air
MLSID: CV24250858

CENTURY 21 Masters

p: (888) 862-1194

1169 Fairway Drive

Walnut, CA 91789