Listed price in listed location currency (USD).
$8,000,000

000

MLS® 26859615

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage 
Taxes 
Days Active 19
Lot Size 1.2579 Acres
Approx. Age 
MLS® Number 26859615

Property Address: 185 Monterey Road, South Pasadena, CA, 91030

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

Description

We are pleased to present 185 Monterey Road, a rare fully entitled 53-unit condominium development opportunity located in the highly sought-after city of South Pasadena. The 1.26-acre site has received Tract Map Approval, eliminating years of entitlement risk while allowing a developer to retain flexibility by completing building permits, value engineering, and contractor selection after closing.The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88, 111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8, 000, 000 ($150, 943 per approved unit), the project represents one of the few large-scale for-sale residential development opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.South Pasadena's exceptional public schools, affluent demographics, walkable downtown, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1, 000 per square foot.
MLS® Number26859615
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 14, 2026List Date
$8,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
185 Monterey Road, South Pasadena, CA

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