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254 E Union St
0.5 Acres of Residential Land Offered at $8,500,000 in Pasadena, CA 91101
Investment Highlights
- Located in Old Town Pasadena
- Views
- Passive Income Potential
Executive Summary
Property Facts
Price | $8,500,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.50 AC |
Price | $8,500,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.50 AC |
1 Lot Available
Lot 20-23
Price | $8,500,000 | Lot Size | 0.50 AC |
Price Per AC | $17,031,269 |
Price | $8,500,000 |
Price Per AC | $17,031,269 |
Lot Size | 0.50 AC |
Property is currently being used for public/private parking.
Description
Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios. A roof terrace with spectacular city and mountain views, a second-floor open space common area, and three levels of subterranean parking/storage complete the amenities. One large retail space will anchor the street level, across the way from a small park. You simply couldn't live closer to the vibrant core of the city's historic district—and the heart of the charming urban Pasadena lifestyle.
PROPERTY TAXES
Parcel Number | 5723-026-024 | Improvements Assessment | $11,604 |
Land Assessment | $9,853,373 | Total Assessment | $9,864,977 |
PROPERTY TAXES
zoning
Zoning Code | PSC |
PSC |
Presented by
254 E Union St
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