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$8,000,000
 $42,946 est/mo Sourced by Back At You

185 Monterey Road,South Pasadena, CA 91030

South Pasadena, CA 91030

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Description

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, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1,000 per square foot.

Details

MLS #26859615
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site65
Listing Provided ByMarcus & Millichap | Filip Niculete

Features

Acreage1.26
Property ViewNone

Area Information

StateCA
CountyLos Angeles
CitySouth Pasadena
Zip Code91030
Area658 So. Pasadena
Listing VS Median (in 91030)
Price:
$8,000,000
low | high
Med:
$1,830,000
100% of Average
On site:
65
low | high
Med:
115
56.521739130435% of Average
Sourced by Back At You

Market Activity 91030

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CitySouth Pasadena
Zip Code91030
Area658 So. Pasadena
Listing VS Median (in 91030)
Price:
$8,000,000
low | high
Med:
$1,830,000
100% of Average
On site:
65
low | high
Med:
115
56.521739130435% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $6M - $10M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
243 Monterey Road B Property Photo 1
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1316 Brunswick Avenue Property Photo 1
$1,348,000
1316 Brunswick Avenue
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1243 Brunswick Avenue Property Photo 1
$2,700,000
1243 Brunswick Avenue
South Pasadena, CA 91030
Listing Updated: August 24, 2026 at 12:16:55 PM PDT
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