Pasadena, CA 91106,615 N Mentor
$1,250,000
Est. payment /mo
$1,250,000
Est.Price: ?

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0.26 Acres Lot
SOLD DATE : 11/12/2021

Key Details

Sold Price $1,250,000

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS21180460

Sold Date 11/12/21

HOA Y/N No

Lot Size 0.263 Acres

Acres 0.2632

Lot Dimensions 60x191

Property Description

Perfect lot for investor and unit developer - over 11,000 SF, zoned high density at RM32 (32 units per acres). Zoning density allows 8 units of new townhomes or condos. Just one block from Lake Ave. and 3 blocks from the 210 Freeway. A few blocks to heart of financial district in Pasadena, Lake Ave. and Colorado Blvd. Existing lot contains two well kept newly remodeled detached units, which allows income while waiting for the development permit process. Potential to add ADU or more units at large backyard. The City encourages affordable housing, inquire City's housing department for available programs for incentives and assistance. City offers a very low interest loan program for qualified ADU projects, please inquire further with City Planning and Housing.
Perfect lot for investor and unit developer - over 11,000 SF, zoned high density at RM32 (32 units per acres). Zoning density allows 8 units of new townhomes or condos. Just one block from Lake Ave. and 3 blocks from the 210 Freeway. A few blocks to heart of financial district in Pasadena, Lake Ave. and Colorado Blvd. Existing lot contains two well kept newly remodeled detached units, which allows income while waiting for the development permit process. Potential to add ADU or more units at large backyard. The City encourages affordable housing, inquire City's housing department for available programs for incentives and assistance. City offers a very low interest loan program for qualified ADU projects, please inquire further with City Planning and Housing.

Location

State CA

County Los Angeles

Area Pasadena (91106)

Zoning 2021-10-21

Others

Acceptable Financing Conventional

Listing Terms Conventional

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San Diego Regional MLS (SDMLS)
Listed by SUE FUNG • CALIFORNIA DREAM REALTY
Bought with BENJAMIN HUNG • HUNG REALTY
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