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597 N Mar Vista Ave - Pasadena Development Opportunity

0.2 Acres of Residential Land Offered at $1,913,000 in Pasadena, CA 91106

Investment Highlights

  • Great investment opportunity

Executive Summary

Tenant occupied. Drive by only, no showings until accepted offer.

Property Facts

Price $1,913,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.20 AC

1 Lot Available

Lot

Price $1,913,000
Price Per AC $9,577,115
Lot Size 0.20 AC

Description

Address is 597-599 Mar Visa Ave., Pasadena. There is a front unit (2 bed/1 bath - 1,264 sf) and a back unit (1 bed/1 bath - 486 sf), totaling 1,750 sf. This property is a developer's dream. Minutes (1-2 miles) from Old Town Pasadena, PCC, and Caltech. This RM32 property has a preliminary approved plan for 6 units of approximately 1350-1600 square feet by tearing down both current units, or the option of tearing down the back unit and building 2 additional units of approximately 1500 square feet each. Plan department approved a 6 unit plan, totaling 8431 square feet of condo, which met the requirement of City of Gardens regulations. Owner will provide plans, and inspection available, upon accepted offer. Buyer to verify all information. Buyer to do due diligence and check with city regarding development and use. Property is sold AS IS. Buyer to take responsibility of any and all items that may result from a City of Pasadena inspection. Seller will provide income and expense information upon offer.

Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code PSR3 (Multiple Dwelling)
PSR3 (Multiple Dwelling)
  • Listing ID: 21658191

  • Date on Market: 12/3/2020

  • Last Updated:

  • Address: 597 N Mar Vista Ave, Pasadena, CA 91106

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