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1501-1525 W Walnut St - Pasadena SRO 0.9 Acres of Residential Land Offered at $8,000,000 in Pasadena, CA 91101
INVESTMENT HIGHLIGHTS
- Offers residents a central location with close proximity to entertainment, public transportation, and employment.
- 3 levels of Type 5 construction over an on grade type 1 parking structure.
- Offers residents a central location with close proximity to entertainment, public transportation, and employment.
- 68 market rate units, 7 moderate income units, 4 low income units and 5 very low income units.
EXECUTIVE SUMMARY
Land Advisors is pleased to present 84 “Micro” units located convenient to everything in Pasadena. Within walking distance to both The California Institute of Technology and Pasadena City College, the project will provide efficient new units to students, faculty and local professionals who desire to live affordably in a central location to everything Pasadena has to offer.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $8,000,000 | Lot Size | 0.90 AC |
| Price Per AC | $8,888,888.89 |
| Price | $8,000,000 |
| Price Per AC | $8,888,888.89 |
| Lot Size | 0.90 AC |
.90 AC lot that has been approved for 84 apartment units.
DESCRIPTION
The property located at 1501-1525 W Walnut St, Pasadena, CA 91101, spans 0.90 acres and is zoned Commercial General (CG), offering versatile development potential. All necessary utilities are available on-site, making the location well-suited for immediate development. The property is currently approved for the construction of 84 apartment units, providing a substantial opportunity for residential development in a dynamic and accessible area of Pasadena.
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $336,840 | |
| Land Assessment | $4,333,066 | Total Assessment | $4,669,906 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,333,066
Improvements Assessment
$336,840
Total Assessment
$4,669,906
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1501-1525 W Walnut St - Pasadena SRO
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