USACASouth Pasadena181 Monterey Rd
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New
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$8,500,000

For Sale

6 days ago

181 Monterey Rd, South Pasadena, CA

House

MLS® WS26076621

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 
MLS® Number WS26076621

Property Address: 181 Monterey Rd, South Pasadena, CA, 91030

Average square foot calculated using Size range provided by listing agent.

Description

Land cost average $160, 000 per unit !! This is an exceptional and rare development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. Offering includes a totaling 1.26 acres lot with all entitlements secured and plans approved for a 53-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70, 351 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units. South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry. This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
MLS® NumberWS26076621
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 10, 2026List Date
$8,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
181 Monterey Rd, South Pasadena, CA

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