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Matthew and Mahvash Bryant
FOR SALE
$8,250,000

155 S Oak Knoll Avenue
Pasadena, CA 91101

Land
Land Lot
0.3331
Acre Lot
Listing Agent: CAROLINE JEN - JENOAK PROPERTIES, 6262370101; jenoakproperties.cj@gmail.com
Home> California> Pasadena> 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.
WS24063203
Land Lot - Land, Other
Los Angeles
0.3331 Acres
Public
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: CAROLINE JEN - JENOAK PROPERTIES, 6262370101; jenoakproperties.cj@gmail.com
Licensed in: DRE# 00940973
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Based on information from CRISNet MLS as of 6/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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