805-677-7300

181 Monterey Road, South Pasadena, CA 91030

$8,500,000 Approx. USD 0 beds, 0 baths

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Marketed By Goossen / Neale Associates

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Marketed By Julia Goossen REALTOR® - Sales Associate 818-730-6879 m
805-677-7300 o
Lic#: 02074790
NRDS ID: 211512971
juliagoossen@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278

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Listing Agent

MING SONG | realtor.mimisong@gmail.com
Lic#: 01866980
Broker: Courtesy of RE/MAX PREMIER/ARCADIA
Phone: 626-888-9808

Agent Remarks

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, and 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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# WS26076621

Price: $8,500,000

HOA Fee is $0.00

Beds: 0

Baths: 0

1.26 acres

Lot size: 1.2600

County: Los Angeles

Zoning: RM-Housing Opportunity Ov

Lot description: ThirtySixToFortyUnitsAcre,Lot Over 40000 Sqft,Level,Near Park,Sloped Up

MLS area: 658 - So. Pasadena

Last Updated: 4/9/2026

Days On Market (DOM): 70

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This listing belongs to the 658 - So. Pasadena MLS area

Lat/Long: 34.109976, -118.173188.
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