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Multi-Family

170 N Halstead

170 N Halstead St, Pasadena, CA 91107

Listing Price: $3,100,000

Lot Size
0.24 acres
Price/Acre
$12,917,161
Land Type
Land
Buildable Square Feet
20,908

Investment Overview

The LAAA Team of Marcus and Millichap is proud to present 170 N Halstead Street, located in Pasadena, California.? The offering is zoned EPSP-D2-CG-B, totaling 10,454 square feet, allowing developers to build 14 units by-right and 21 units with the city’s allowable density bonus.? The subject property is ideally located in the high-profile submarket of Pasadena, California with boasts high-end demographics, dense immediate population, high barriers to entry, and strong market fundamentals.? The site is adjacent to the Metro Gold Line Station at Sierra Madre Villa Avenue and is proximate to many restaurants and retail.? Nearby Hastings Ranch has seen an influx of significant luxury multifamily development over the last decade.? Pasadena is one of the top cities in Los Angeles for young professionals and families due to its high quality of life and easy access via the freeway and light rail.? 170 N Halstead Street is conveniently positioned within a short distance of Old Town Pasadena, the city’s premier business and retail district.? The site boasts a Walk Score of 80, one of Los Angeles’ premier high profile “live/work/play” destinations, which bodes well for the influx of millennials and empty-nesters seeking a walkable urban lifestyle with a vintage boutique atmosphere.?

Investment Highlights

  • Proposed 14 Units (By-Right)
  • ?Proposed 21 Units (Density Bonus)
  • ?Unentitled Vacant Land
  • Located in High Profile Submarket of Pasadena
  • ?Walk Score of 80

Exclusively Listed By

Financing By

Listing Price: $3,100,000

Lot Size
0.24 acres
Price/Acre
$12,917,161
Land Type
Land
Buildable Square Feet
20,908

Investment Highlights

  • Proposed 14 Units (By-Right)
  • ?Proposed 21 Units (Density Bonus)
  • ?Unentitled Vacant Land
  • Located in High Profile Submarket of Pasadena
  • ?Walk Score of 80

Investment Overview

The LAAA Team of Marcus and Millichap is proud to present 170 N Halstead Street, located in Pasadena, California.? The offering is zoned EPSP-D2-CG-B, totaling 10,454 square feet, allowing developers to build 14 units by-right and 21 units with the city’s allowable density bonus.? The subject property is ideally located in the high-profile submarket of Pasadena, California with boasts high-end demographics, dense immediate population, high barriers to entry, and strong market fundamentals.? The site is adjacent to the Metro Gold Line Station at Sierra Madre Villa Avenue and is proximate to many restaurants and retail.? Nearby Hastings Ranch has seen an influx of significant luxury multifamily development over the last decade.? Pasadena is one of the top cities in Los Angeles for young professionals and families due to its high quality of life and easy access via the freeway and light rail.? 170 N Halstead Street is conveniently positioned within a short distance of Old Town Pasadena, the city’s premier business and retail district.? The site boasts a Walk Score of 80, one of Los Angeles’ premier high profile “live/work/play” destinations, which bodes well for the influx of millennials and empty-nesters seeking a walkable urban lifestyle with a vintage boutique atmosphere.?

Exclusively Listed By

Financing By

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