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$599,900
Est. payment /mo
4,721 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24369
HOA Y/N No
Lot Size 4,721 Sqft
Property Description
Located in the serene hills of South Pasadena, this rare development opportunity features two neighboring parcels (4,724 SF and 4,723 SF) on a quiet cul-de-sac with beautiful, unobstructed south-facing views, with nearly all of the groundwork completed. Detailed architectural and structural plans are ready for two custom hillside homes of 1,510 SF and 1,334 SF, plus over 700 SF of integrated outdoor living space (same floor, ceiling and lighting as indoor) and 500 SF garages. They are designed by Escher GuneWardena (EG Arch), a renowned architectural firm, known also for restoration and conservation work on midcentury landmarks such as the Eames House, Chemosphere and other works by Lautner, Neutra, Williams, A. Quincy Jones and Ain. Geologic, geotechnical, and engineering studies, as well as many city fees, are already paid, and the hillside development permits for the plans were approved by the city's Planning Commission, making this an exceptional time-saving investment. EG Arch may be re-engaged to complete the planning approval and building permit process. The lots offer excellent access and space for construction staging and are located outside close-by areas with more restrictive construction rules. The elementary school nearest to the lots ranks in the top 1% in the U.S. and other top-rated South Pasadena schools are also just a few minutes away. Downtown LA, and Pasadena are within a 15 minute drive, and recreational amenities including horse stables, parks, a golf course, tennis club, playgrounds, and sports fields are within walking distance. This is a prime opportunity to build in a prestigious, multi-million-dollar neighborhood with the vision, approvals, and preparation already in place. Both of these adjacent lots can be purchased as a package for $1,199,800
Location
State CA
County Los Angeles
Area 658 - So. Pasadena
Zoning SPR110000
Interior
Fireplace No
Exterior
Fence None
Community Features Curbs, Gutter(s), Street Lights
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View City Lights, Hills
Building
Lot Description Sprinklers None
Water Public
Others
Senior Community No
Tax ID 5311017020
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Matthew Helganz Meridian Capital Realty matt@helganzrealestate.com
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