Price
$ 1,280,000

85 N Grand Oaks Avenue, Pasadena, CA 91107  

85 N Grand Oaks Avenue, Pasadena, CA 91107  

Prime Pasadena Residential Development Site! Land value zoned RM32. Walk to Colorado Blvd, PCC and shopping center. Minutes drive to Pasadena Old Town and Paseo Colorado. Easy access to fwy 210 and metro goldline to LA downtown. City preliminary review approved 5 units during entitlement process. Design plan is for 5 units for 7000 SQ.ft livable spaces with subterranean parking. Beautiful two stories spanish style design features 1430, 1426, 1454, 1416 and 1284 SQ.ft townhomes. Existing property is currently renting out for $2500/month. Collect rent during city review.Gross return on investment is 79%ÿsale price $500/sqft)or 106%(sale price $550/sqft)! An opportunity you never want to miss.CALTECH, PCC-within 5 mins driving; Kaiser hospital-within 5 mins driving; Pasadena old town-within 8 mins driving, enjoy both serenity and downtown night life.

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Listing Type
Vacant Land
Listing ID
OC15142392
Lot Size
8,501.00 sqft
Listing Status
Active
County
Los Angeles
Zoning
RM32
TaxID
5746008058
Listing courtesy of Kejing Guo~Kejing Guo
Price History
Get price alerts on price change
Date Event Change Price
8/4/2015 Price change $-200,000 (-13.5%) $1,280,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX PREMIER PROPERTIES
    913 East Walnut Street Pasadena, CA 91106 | Phone: (626) 316-6800
    RE/MAX PREMIER PROPERTIES is licensed in the state of California CalBRE License #: 00970799
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.