185 Monterey Road, South Pasadena, CA 91030
185 Monterey Road, South Pasadena, CA 91030
185 Monterey Road, South Pasadena, CA 91030
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$7,000,000
Est. payment /mo
1.26 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26859615

HOA Y/N No

Lot Size 1.258 Acres

Acres 1.2579

Property Sub-Type Unimproved Land

Property Description

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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 5311010076

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Filip Niculete • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Parisa Samimi

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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185 Monterey Road