Jerry Barbanell
The median home value in Pasadena, CA is $1,200,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Pasadena, CA is $1,200,000.
Approximately 42% of Pasadena homes are owned,
compared to 51% rented, while
7% are vacant.
Pasadena real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Pasadena real estate agent to arrange a tour today!
Learn more about Pasadena.
This property is offered for sale mainly for its land value. An ideal property for developers and builders:It has a lot size of 14510 sq ft (or 1/3 acre), zoned PSC (allowing 6087 units per acre, see Pasadena Land Use Map attached). The property can yield up to 2831 buildable units. Check with the city for a high-density bonus unit allowance. There are a couple ongoing construction sites on the same street that have permits for 17 units on .20 ac (or 85 u/acre) and 19 units on .23 ac (or 84 u/acre).It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Cal Tech, PCC, and Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Presently, the property has 4 existing structures on the lot, consisting of 1 SFR, 1 duplex, and 2 fourplexes, with a GSI of up to $332,000 per year (pro forma). Great bonus while waiting for building permits! All structures are to be sold "as is." Submit your best offer by considering the number of buildable units and the value of all the new units after construction. A hefty profit! All information provided is deemed reliable but is not guaranteed and should be independently verified. Seller made no warranties or representations of any kind.
Pasadena Glen is a rarity in Southern California: a close-knit neighborhood in a seemingly remote country setting, but just minutes from shopping, dining and transportation. 3577 Shaw Ranch Road, sited on over 18,000 square feet, presents a remarkable opportunity to construct an idyllic retreat in this lush canyon setting. From the hillside, intimate vignettes, framed by oaks and mature landscaping, open to an expansive view that reaches to the Pacific. A foundation built circa 1998 for a 3,333 square foot residence is the start of what might be, or the next owner may begin afresh on a new venture. Detailed plans from 1996 for the proposed build are available; renderings are approximations based on these plans. Further, a feasibility study to aid in planning and development has been completed. With endless possibilities, here is an extraordinary chance to create your dream home in a prime location.
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