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818 Magnolia Ave
Pasadena, CA 91106
7-Unit Townhome Development Opportunity · Land For Sale · 0.25 AC

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.25 AC
Zoning RM32 - Pasadena City's RM32 zoning permits medium-density multifamily residential development, allowing for up to 32 units per acre.

DESCRIPTION

We are delighted to present an exceptional development opportunity located at 814 Magnolia Ave, Pasadena, CA 91106. As a dedicated real estate professional, I am excited to assist my clients in selling this remarkable piece of land. This project is currently in the final stages of the approval process and is expected to be fully entitled in the near future. This prime development site spans a total of 10,168 square feet and offers the potential to build seven townhomes. The townhomes will range from two to three bedrooms, featuring modern designs and floor plans that cater to contemporary living. Notably, most units will include a distinctive rooftop deck, providing residents with a private outdoor retreat to relax, entertain, and enjoy panoramic views of the surrounding area. One of the standout features of this project is its exceptional location. Situated just behind Pasadena Old Town, residents will enjoy unparalleled convenience. The area offers a vibrant atmosphere with a rich blend of historic charm and modern amenities. Within walking distance, residents will have access to a diverse range of shopping, dining, and entertainment options, creating a truly dynamic and desirable community. This project represents an outstanding investment opportunity for those seeking an urban oasis in Pasadena. With its desirable location, contemporary designs, and thoughtful amenities, it is poised to attract both investors and homeowners looking for a high-quality living experience in one of Pasadena's most sought-after neighborhoods. For further details and pricing information, please feel free to contact me. Don't miss your chance to be a part of this extraordinary development in the heart of Pasadena. Thank you!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5720-025-003
Land Assessment
$1,271,689
Improvements Assessment
$0
Total Assessment
$1,271,689
  • Listing ID: 28711367

  • Date on Market: 6/9/2023

  • Last Updated:

  • Address: 818 Magnolia Ave, Pasadena, CA 91106

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