Prime Pasadena Residential Development Site! Land value zoned RM32. Walk to Colorado Blvd, PCC and shopping center. Minutes drive to Pasadena Old Town and Paseo Colorado. Easy access to fwy 210 and metro goldline to LA downtown. City preliminary review approved 5 units during entitlement process. Design plan is for 5 units for 7000 SQ.ft livable spaces with subterranean parking. Beautiful two stories spanish style design features 1430, 1426, 1454, 1416 and 1284 SQ.ft townhomes. Existing property is currently renting out for $2500/month. Collect rent during city review. Gross return on investment is 79%sale price $500/sqft)or 106%(sale price $550/sqft)! An opportunity you never want to miss. CALTECH, PCC-within 5 mins driving; Kaiser hospital-within 5 mins driving; Pasadena old town-within 8 mins driving, enjoy both serenity and downtown night life.
Listed by Kejing GuoCMRL #OC15142392APN: #5746008058
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