15
See all 15 photos
$5,500,000
Est. payment /mo
0.8 Acres Lot
New
252 N Michigan Pasadena, CA 91106
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25249228
Lot Size 0.795 Acres
Property Sub-Type Lots/Land
Property Description
We are proud to offer the Hacienda Garden Condominiums (the Property), a Residential Opportunity to build 34 Modern Condo Units, in the city of Pasadena. This site is fully permitted with all building permit fees of over $600,000 paid by the Seller. This is an exceptional development opportunity that sits on two parcels with cross streets at Walnut Street and Corson Street. This fully entitled, shovel-ready project is offered at $5.5M, including all plans and permits for the construction of two three-story residential buildings with 34 modern condo units. With over $600,000 in building permit fees already paid, all the heavy lifting and planning are complete, and the project is construction-ready for immediate commencement. The approved plans account for a total of 31,567 net rentable square feet of residential dwelling space, 3,429 SF of residential common area and circulation, for a net residential size of 34,996 SF space, with a total gross square footage of approximately 67,567 residential net square feet, including a 32,571 square foot subterranean parking area. The proposed development plans, designed by the award-winning architect LCRA, include a diverse unit mix to cater to a sophisticated market. The project consists of 19 flats, 11 two-story units, and four townhomes. Common area amenities include lush modern garden-style landscaping, a secured subterranean parking lot, an elevator, and EV parking. The units are designed with balconies or patios, modern amenities, high-quality fixtures, and fully equipped kitchens with state-of-the-art appliances. The city of Pasa
Location
State CA
County Los Angeles
Direction Merge onto I-210 W, Take exit 27A toward Hill Ave, Merge onto E Maple St, Turn right onto E Walnut St, Turn right onto N Michiga
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5738015143
Acceptable Financing Cash
Listing Terms Cash
Listed by Eric Chen CB RICHARD ELLIS
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