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185 Monterey Road

South Pasadena, CA 91030
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SqFt54,794

Sqft(Lot)

We are pleased to present 185 Monterey Road, a rare fully entitled 53-unit condominium development opportunity located in the highly sought-after city of South Pasadena. The 1.26-acre site has received Tract Map Approval, eliminating years of entitlement risk while allowing a developer to retain flexibility by completing building permits, value engineering, and contractor selection after closing.The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88,111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8,000,000 ($150,943 per approved unit), the project represents one of the few large-scale for-sale residential develo pment opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.South Pasadena's exceptional public schools, affluent demographics, walkable downtown, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1,000 per square foot.

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Detail Ic Property Details

Property Type : Land

Price : $7,000,000

AD Id : 91390852

MLS Id : 26859615

Lot Size : 54,794 Sq. Ft(Lot)

County : Los Angeles

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  • Lot Information

    Lot Dimensions: 50x300 Main Square Feet: 54794 Lot Size Acres: 1.2579 Lot Size Source: Assessor Lot Size Square Feet: 54,794

  • Listing Price Information

    Listing Price: $7000000
    Original Price: $8000000

  • Tax Information

    Parcel Number: 5311010076

  • Location Information

    Direction: South of Pasadena Ave
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Nearby Home Value

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4648 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sq. Ft(Lot)
4646 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sq. Ft(Lot)
4640 Harriman Avenue, South Pasadena, CA, 91030 $500,000 -- -- -- 7,505.39 Sq. Ft(Lot)
801 Rollin Street, South Pasadena, CA, 91030 $999,000 -- -- -- 15,083 Sq. Ft(Lot)
1818 Peterson Avenue, South Pasadena, CA, 91030 $650,000 -- -- -- 3,734 Sq. Ft(Lot)
1865 Hanscom Drive, South Pasadena, CA, 91030 $1,200,000 -- -- -- 19,118 Sq. Ft(Lot)
1931 Hanscom Drive, South Pasadena, CA, 91030 $738,000 -- -- -- 4,881 Sq. Ft(Lot)
2131 Hanscom Drive, South Pasadena, CA, 91030 $380,000 -- -- -- 5,412 Sq. Ft(Lot)
Oak Hill Ave, South Pasadena, CA, 91030 $688,000 -- -- -- 18,282 Sq. Ft(Lot)

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/22/2026 @ 23:13

MLS: 26859615 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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