185 Monterey Road, South Pasadena, CA 91030

South Pasadena
Local realty services provided by:ERA Excel Realty
185 Monterey Road,South Pasadena, CA 91030
$7,000,000
  • 1.26 Acres
  • Lots / Land
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26859615
Source:CRMLS

Price summary

  • Price:$7,000,000

About this home

We are pleased to present 185 Monterey Road, a rare fully entitled 53-unit condominium development opportunity located in the highly sought-after city of South Pasadena. The 1.26-acre site has received Tract Map Approval, eliminating years of entitlement risk while allowing a developer to retain flexibility by completing building permits, value engineering, and contractor selection after closing.The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88,111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8,000,000 ($150,943 per approved unit), the project represents one of the few large-scale for-sale residential development opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.South Pasadena's exceptional public schools, affluent demographics, walkable downtown,...

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Home facts

  • Listing ID #:26859615
  • Added:77 day(s) ago
  • Updated:September 30, 2026 at 11:46 AM

Structure and exterior

  • Lot area:1.26 Acres

Finances and disclosures

  • Price:$7,000,000
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