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826 N Fair Oaks Ave 0.25 Acres of Residential Land Offered at $1,690,000 in Pasadena, CA 91103
Investment Highlights
- Heavy daytime traffic
- Great development opportunity
- Approved for 6,602 sqft of ground floor commercial and six multi-family residential units
- Easy access to multiple freeways
- Plans and permits available
- Entitled mixed-use development project
Executive Summary
Two existing structures—the front house is approximately 1,200 sq ft. The Rear Structure is 2-story, with three units, approximately 400 ft each plus a garage space. All units are currently rented. There is potential for an ADU. The property could be either a rehab of existing buildings or redevelopment.
Major neighbors include Wells Fargo, CVS, Starbucks, USPS and Heritage Square. Great street visibility on a primarily residential street. Heritage Square is being developed one block over. Easy access to the 210 and 134 freeways.
Major neighbors include Wells Fargo, CVS, Starbucks, USPS and Heritage Square. Great street visibility on a primarily residential street. Heritage Square is being developed one block over. Easy access to the 210 and 134 freeways.
Property Facts
1 Lot Available
Lot
| Price | $1,690,000 | Lot Size | 0.25 AC |
| Price Per AC | $6,864,644.64 |
| Price | $1,690,000 |
| Price Per AC | $6,864,644.64 |
| Lot Size | 0.25 AC |
Mixed-use development project on approximately 10,724 SQFT of land. Approved for 6,602 sqft of commercial and six multi-family residential units. Plans are available by request.
Description
Currently built-out as residential on a commercial lot. New developments in progress next-door.
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Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5725-001-006 | Improvements Assessment | $400,469 |
| Land Assessment | $932,572 | Total Assessment | $1,333,041 |
Property Taxes
Parcel Number
5725-001-006
Land Assessment
$932,572
Improvements Assessment
$400,469
Total Assessment
$1,333,041
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826 N Fair Oaks Ave
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