Thank you
James Mcdonnell
Engel & Voelkers Pasadena
626-584-0101
This expansive lot of 16,441 sf is approximately 110 ft wide by 150 ft deep, making it a fantastic development opportunity. The soils report was favorable and can be seen in the documents section. Through looking at the code and confirming with the city, the owner was told that you can build a single family home of up to 5,000 sf with two ADU's of up to 1,200 sf each. Other development options include a triplex (two primary dwelling units with one ADU) or a quadplex (a duplex with two ADUs). The lot is able to be split using SB 9 into two 8,000+ sf parcels, per the owner's conversations with the sub-divisions department. In this scenario, you would be able to build a home of up to 3,000 sf and an ADU of up to 1,200 sf on each parcel (a total of two homes and two ADUs). Each parcel of home + ADU can be sold separately. The lot is located across the street from Loma Alta Park with views of the mountains as well as close proximity to great hiking trails. The park has a plethora of features including a neighborhood community garden, tennis courts, playgrounds and several other amenities. The property backs into a wooded area, creating a serene and tranquil backyard that is hard to find in Los Angeles. More information about the property can be provided upon request from the listing agent. Please check with the zoning, planning and subdivision offices to verify property and development information. With such an amazing location on a double lot sized parcel and so many development options, it is an extremely rare find for creating anything from your dream home to a four unit development.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Chain Link
Lot Dimensions Source: Public Records
Lot Size Acres: 0.3774
Lot Size Dimensions: 110 X 150
Lot Size Source: Public Records
Lot Size Square Feet: 16441
Original List Price: 800,000
Listing Contract Date: 2024-04-24
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5829012005
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 604 - Altadena
Postal Code Plus 4: 4241
Directions: Take a right off Lincoln onto West Palm Street. Property located across the street from the park.
Zoning: R-1-7500
Source Property Type: Land
Area: 604 - Altadena
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2159 Lake Avenue, Altadena, CA,91001 | $890,000 | 2 | 1 | 1,220 | 6852 Sqft |
453 Alberta Street, Altadena, CA,91001 | $1,118,000 | 3 | 2 | 1,488 | 5758 Sqft |
2548 El Molino Avenue, Altadena, CA,91001 | $4,350,000 | -- | -- | 6,448 | 15810 Sqft |
451 E Sacramento Street, Altadena, CA,91001 | $5,000,000 | -- | -- | 4,896 | 32262 Sqft |
2415 2415 N Fair Oaks A.., Altadena, CA,91001 | $17,500,000 | -- | -- | -- | 132422.4 Sqft |
84 E Loma Alta Drive, Altadena, CA,91001 | $2,099,990 | 6 | 5 | 3,998 | 22344 Sqft |
84 E Loma Alta Drive, Altadena, CA,91001 | $2,099,990 | 6 | -- | 3,998 | 22344 Sqft |
2479 Lincoln Avenue, Altadena, CA,91001 | $995,000 | 5 | -- | 2,225 | 9230 Sqft |
2692 Fair Oaks Avenue, Altadena, CA,91001 | $694,000 | 2 | 1 | 838 | 2942 Sqft |
334 Parkman Street, Altadena, CA,91001 | $1,650,000 | 3 | 1 | 2,280 | 9894 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 12:05
MLS: P1-17372
LISTED BY: James McDonnell, Engel & Voelkers Pasadena
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.