Active

181 Monterey Road

South Pasadena, CA 91030
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SqFt54,885.60

Sqft(Lot)

Land cost average $160,000 per unit !! This is an exceptional and rare development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. Offering includes a totaling 1.26 acres lot with all entitlements secured and plans approved for a 53-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,351 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, a nd 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.

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Detail Ic Property Details

Property Type : Land

Price : $8,500,000

AD Id : 76929279

MLS Id : WS26076621

Lot Size : 54,885.60 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 1.26
  • Lot Size Source: Assessor Lot Size Square Feet: 54885.6

  • Listing Price Information

    Original List Price: 8,500,000 Listing Contract Date: 2026-04-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5311010076

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 658 - So. Pasadena Directions: West of Monterey Road Zoning: RM-Housing Opportunity Ov Source Property Type: Land Area: 658 - So. Pasadena
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Nearby Home Value

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1025 Mission Street, South Pasadena, CA, 91030 $15,500,000 -- -- -- 56,634 Sqft(Lot)
4648 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sqft(Lot)
4646 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sqft(Lot)
4640 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sqft(Lot)
801 Rollin Street, South Pasadena, CA, 91030 $999,000 -- -- -- 15,083 Sqft(Lot)
228 Warwick Avenue, South Pasadena, CA, 91030 $599,900 -- -- -- 4,724 Sqft(Lot)
226 Warwick Ave Avenue, South Pasadena, CA, 91030 $599,900 -- -- -- 4,723 Sqft(Lot)
1818 Peterson Avenue, South Pasadena, CA, 91030 $650,000 -- -- -- 3,734 Sqft(Lot)
1337 Oak Hill Place, South Pasadena, CA, 91030 $1,100,000 -- -- -- 7,149 Sqft(Lot)
Oak Hill Ave, South Pasadena, CA, 91030 $688,000 -- -- -- 18,282 Sqft(Lot)

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ByOwner last updated this listing 06/10/2026 @ 17:50

MLS: WS26076621 LISTED BY: MING SONG, RE/MAX PREMIER/ARCADIA 626-229-2200 SOURCE: CRMLS

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