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- LoopNet Team
1307 Lincoln Ave
Pasadena, CA 91103
Lincoln & Washington · Land For Sale
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1.99 AC
Investment Highlights
- APPROXIMATELY 2 ACRES OF DEVELOPABLE LAND
- EQUALLY VIABLE REDEVELOPMENT BUSINESS PL ANS
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 1.99 AC |
| Zoning | LA-MU-N | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.99 AC |
| Zoning | LA-MU-N |
Description
Lincoln + Washington is a rare development opportunity in the highly coveted city of Pasadena. Characterized by world regarded entertainment, high-end retail paseos, breath-taking homes and booming technology, this affluent neighborhood offers investors the perfect chance to capitalize on an established market by building for-sale townhomes or developing Class-A apartments. Within a 3-mile radius of the site, the average household income exceeds $145K, and the median home-price in the 91103 code is $1,113,462. Lincoln + Washington is located less than a mile away from the iconic Rose Bowl and two miles from Old Town Pasadena: the business district of Pasadena that is known for its sun-drenched rose gardens and authentic early 20th century architecture. Lincoln + Washington is a three-parcel, 1.99-acre site (APN(s): 5727-009- 010,5727-009-008,5727-009-008) sitting on southwest corner of Lincoln & Washington Ave, just west of the I-210. The three parcels located in the recently updated Lincoln Specific Plan are zoned LA-MU-N allowing for both residential, commercial, and mixed-use development. LA-MU-N zoning’s base density is 32 units to the acre (DU A) and 1.0 floor-area-ratio (FAR), allowing for both Multifamily and Mixed-Use development, which is the highest allowable density in the Lincoln Specific Plan.
Property Taxes
| Parcel Number | 5727-009-008 | Improvements Assessment | $2,316 |
| Land Assessment | $357,456 | Total Assessment | $359,772 |
Property Taxes
