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Sold for $780,000 on 06/12/24
  • Listing Provided by: 

    James McDonnell DRE #01917344 626-584-0101,

    Engel & Voelkers Pasadena

    $780,000

    566 W Palm St, Altadena, CA 91001

    --beds
    --baths
    0.38Acres
    Unimproved Land
    Built in ----
    0.38 Acres Lot
    $-- Zestimate®
    $--/sqft
    $3,088 Estimated rent

    What's special

    This expansive lot of 16,441 sf is approximately 110 ft wide by 150 ft deep, making it a fantastic development opportunity. The soils report was favorable and can be seen in the documents section. Through looking at the code and confirming with the city, the owner was told that you can build a single family home of up to 5,000 sf with two ADU's of up to 1,200 sf each. Other development options include a triplex (two primary dwelling units with one ADU) or a quadplex (a duplex with two ADUs). The lot is able to be split using SB 9 into two 8,000+ sf parcels, per the owner's conversations with the sub-divisions department. In this scenario, you would be able to build a home of up to 3,000 sf and an ADU of up to 1,200 sf on each parcel (a total of two homes and two ADUs). Each parcel of home + ADU can be sold separately. The lot is located across the street from Loma Alta Park with views of the mountains as well as close proximity to great hiking trails. The park has a plethora of features including a neighborhood community garden, tennis courts, playgrounds and several other amenities. The property backs into a wooded area, creating a serene and tranquil backyard that is hard to find in Los Angeles. More information about the property can be provided upon request from the listing agent. Please check with the zoning, planning and subdivision offices to verify property and development information. With such an amazing location on a double lot sized parcel and so many development options, it is an extremely rare find for creating anything from your dream home to a four unit development.

    Zillow last checked: 7 hours ago

    Listing updated: June 13, 2024 at 09:36am

    Listing Provided by:

    James McDonnell DRE #01917344 626-584-0101,

    Engel & Voelkers Pasadena

    Bought with:

    Jesse Ayala, DRE #02054639

    WGRES INC.

    Source: CRMLS,MLS#: P1-17372MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)

    Facts & features

    Property

    Features
    • Fencing: Chain Link
    • Has view: Yes
    • View description: Park/Greenbelt, Mountain(s), Trees/Woods
    Lot
    • Size: 0.38 Acres
    • Dimensions: 110 x 150
    • Features: Sloped Down, Gentle Sloping, Near Park, Rectangular Lot, Sprinklers None
    Details
    • Parcel number: 5829012005
    • Zoning: R-1-7500
    • Special conditions: Standard
    • Horse amenities: Riding Trail

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Sewer Available, Water Available

    Community & neighborhood

    Community
    • Community features: Foothills, Hiking, Horse Trails, Street Lights, Park
    Location
    • Region: Altadena
    • Subdivision: Not Applicable

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Road surface type: Paved
    Services availability