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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
Property Facts
Price | $1,913,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 0.20 AC |
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 | Lot Size | 0.20 AC |
Price Per AC | $9,577,115 |
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.
zoning
Zoning Code | PSR3 (Multiple Dwelling) |
PSR3 (Multiple Dwelling) |
Presented by
Tracy Ding Real Estate
597 N Mar Vista Ave - Pasadena Development Opportunity
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