• 566 W Palm Street Altadena, CA 91001

  • $800,000
  • 0
    Sq Ft
  • 16441
    Sqft
  • Listed By: James McDonnell, Engel & Voelkers Pasadena, DRE #01917344
  • Source: CRMLS

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.

Property Type :

Land

County :

Los Angeles

Style :

Land

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Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Fencing

Chain Link

Lot Details

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

Listing Price Information

Original List Price: 800,000

Listing Contract Date: 2024-04-24

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5829012005

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

Year Built Source: Vendor Enhanced

Nearby Home Value

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.

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