185 Monterey Road, South Pasadena, CA 91030
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
185 Monterey Road,South Pasadena, CA 91030
$7,000,000
- 1.26 Acres
- Lots / Land
- Active
Listed by: filip niculete, glen scher
Office: marcus & millichap
MLS#:CL26859615
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$7,000,000
About this home
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....
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Home facts
- Listing ID #:CL26859615
- Added:97 day(s) ago
- Updated:October 20, 2026 at 02:35 PM
Structure and exterior
- Lot area:1.26 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$7,000,000
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