155 S Oak Knoll Avenue, Pasadena CA, 91101
(Active)
$8,250,000
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MLS# WS24063203
Last Updated: 5/17/2024 7:52 PM
Description for
155 S Oak Knoll Avenue
Pasadena, CA 91101
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 substantial 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.
Price
$8,250,000
Los Angeles
WS24063203
Active
Description
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 substantial 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.
Listing Information
| Property Type: Land, Other | ||
| 0.33 Acres | Assessor | |
Public
Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
PSC-
Rectangular Lot
Driving Directions
South to Colorado, West of Lake, Cross street is Cordova
Financial Considerations
| 5734023020 |
Cash,Cash to New Loan,1031 Exchange,Owner May Carry
Listing Price History
Pasadena Real Estate
Pasadena is located in California. Pasadena, California 91101 has a population of 141,907.
The median household income in Pasadena, California 91101 is $78,410. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Pasadena 91101 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/2/2024 | Active | $8,250,000 USD 824,999,900.00% |
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| 4/1/2024 | Active | $1 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $14,054 USD | 3.51% | $1,121,780 USD | 2.00% |
| 2022 | $13,577 USD | 4.39% | $1,099,785 USD | 2.00% |
| 2021 | $13,006 USD | 3.94% | $1,078,221 USD | - |
| 2020 | $12,513 USD | -0.23% | $1,078,221 USD | 1.04% |
| 2019 | $12,542 USD | -0.77% | $1,067,166 USD | 2.00% |