273 S Sierra Madre Blvd, Pasadena, California, 91107
42Bed:
41Bath:
28,274 Sq FtLiving Area:
Save
Price
$ 4,2M
About This
House
We are pleased to present a rare development and investment opportunity just 1/3 of a mile to the San Marino city limit. The new owner will have the opportunity to develop a brand new, modern 26-unit apartment building project in the Unincorporated area of Pasadena. This development boasts a contemporary design, featuring 31 on-grade parking spaces ( No subterranean ) with a highly desirable unit mix, ensuring strong, long term rental demand. The future apartments benefit from the absence of Pasadena City rent control laws, providing a significant advantage for investors by maximizing potential returns.This opportunity is made even more attractive as the project will be delivered with fully approved plans and will be permit-ready (RTI), allowing for a expedited…
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The average household income in
Pasadena, CA
grew
from
$73,029
to
$76,264
in the past year. This data is an estimate based upon
54,734
households in
Pasadena, CA. The chart below presents how household income is distributed in
Pasadena, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Pasadena, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Pasadena, CA
equals
$3k+
, which is
more
than the national average.