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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 development 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.

26859615 MLS

185 Monterey Rd, South Pasadena

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

$688,000

Vacant Land Opportunity in South Pasadena!Located between Oak Hill Ave and Oak Hill Pl (APN: 5312-020-030), this 18,282 SF vacant residential lot presents a rare opportunity to build a custom dream home in the highly sought-after South Pasadena School District. The seller has invested in preliminary development work, including proposed designs and schematics, a topographic survey, conceptual grading and drainage plans, and proposed architectural drawings available upon request.The seller has designed a custom home plan of approximately 5,000 square feet featuring two primary suites, an ideal layout for multi-generational living, ample parking, and the potential for a private gated entrance. Preliminary plans indicate favorable site conditions with minimal grading anticipated.Two adjacent parcels may also be available for purchase separately or together. Purchase price does not include the adjacent parcels. Adjacent APNs include 5312-020-028 (11,510 SF) and 5312-020-029 (15,710 SF). Combined, all three parcels total approximately 45,502 SF (approximately 1.04 acres), creating an exceptional opportunity for a larger estate, compound, or future development potential.Enjoy a private setting while remaining conveniently located just minutes from Old Town Pasadena, Downtown Los Angeles, shopping, dining, entertainment, parks, and major transportation corridors. The property offers the opportunity to create a gated residence within one of the area's most desirable communities.

26784807 MLS

Oak Hill Ave, South Pasadena

Courtesy of Keller Williams Los Angeles, Raymond Wu - CA DRE#02019741

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.