San Gabriel Valley Real Estate

From East to West Reeds Are The Best!

Pocket Listing! – South Pasadena Lot for Development with Approved Tentative Tract Map!

The lot is approximately 30,000 s.f. The lot has been approved to build a 9 unit condominium complex. 5 of the units have been cleared to feature 4 bedrooms and 3 bathrooms, and the remaining 4 units to have 2 bedrooms with 2.5 bathrooms. All units have been cleared to feature living areas of 1,274 to 2,021 sq. ft. Great location to put up a residential complex in the heart of South Pasadena. The lot is in the middle of a residential street in South Pasadena. The local schools around the area include the Arroyo Vista Elementary School and the South Pasadena Senior High School. The street has good vehicle and foot traffic but light enough to enjoy peace and quiet.

The owner is processing the building permit now. Asking price $2.35 MM. TTM has been approved. If Buyer will close escrow shortly after the study, the price will be negotiable. It will take about 6 months for the building permit to be ready. If Buyer wishes COE when permit is ready, Seller also will consider selling,  but the price will be more firm.

Contact Annie @ 626 226 7862!

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This entry was posted on August 26, 2015 by and tagged , , , , , .

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Contact Us!

Rich & Annie Reed
REALTORS
Long Dragon Realty
CalBRE# 01906230 & 01894384

(English/Spanish)
626-538-5116

(English/Chinese)
626-226-7862

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