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Land for Sale in South Pasadena, California

181 Monterey Rd, South Pasadena, CA 91030

$9,500,000
1.26 acres
Active
ago
Est $70,462/mo

We are pleased to present an exceptional development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. This offering includes three contiguous parcels totaling 1.26 acres, delivered with all entitlements secured and plans approved for a 51-unit condominium complex.

The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,351 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units.

South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry.

This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.

Location

Street address
181 Monterey Rd
Elevation
665 feet
Coordinates
34.11, -118.1732

Property details

Acreage
1.26 acres
Zoning
RM-Housing Opportunity Ov
MLS #
MRMLS WS26019142
Posted

Parcels

  • 5311015035

Details and features

Listing

Type
Land
Franchise
RE/MAX International

Lot

View
City, Mountain

Exterior

Features
Biking Community Features Included, Hiking, Sidewalks, Suburban

Listing history

DateEventPriceChangeSource
Jan 27, 2026New listing$9,500,000MRMLS
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This 1.26-acre property is located at 181 Monterey Rd in South Pasadena, CA 91030. The property is available for sale for $9,500,000 with a price per acre of $7,539,683.

Checked 8 hours ago — Updated

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