181 Monterey Rd South Pasadena, CA 91030
Estimated payment $58,903/month
Highlights
- City Lights View
- 1.26 Acre Lot
- No HOA
- Arroyo Vista Elementary Rated A+
- Property is near a park
- Hiking Trails
About This Lot
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 70,824 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.
Listing Agent
RE/MAX PREMIER/ARCADIA Brokerage Phone: 626-456-0818 License #01866980 Listed on: 08/09/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,755
Lot Details
- 1.26 Acre Lot
- Density is 36-40 Units/Acre
- 5311-010-002, 5311-010-001
- Property is zoned SPR310000*
Parking
- Level Lot
Property Views
- City Lights
- Mountain
- Neighborhood
Location
- Property is near a park
- Suburban Location
Listing and Financial Details
- Tax Lot 75
- Assessor Parcel Number 5311015035
- $982 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Hiking Trails
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,755 | $755,366 | $718,224 | $37,142 |
| 2023 | $9,548 | $740,556 | $704,142 | $36,414 |
| 2022 | $9,328 | $726,036 | $690,336 | $35,700 |
| 2021 | $9,575 | $747,350 | $523,146 | $224,204 |
| 2020 | $9,438 | $739,688 | $517,782 | $221,906 |
| 2019 | $9,293 | $725,185 | $507,630 | $217,555 |
| 2018 | $9,047 | $710,967 | $497,677 | $213,290 |
| 2016 | $8,283 | $673,096 | $471,167 | $201,929 |
| 2015 | $8,150 | $662,986 | $464,090 | $198,896 |
| 2014 | $7,211 | $575,000 | $505,000 | $70,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2025 08/09/25 | For Sale | $11,000,000 | +323.1% | -- |
| 04/02/2021 04/02/21 | Sold | $2,600,000 | -16.1% | $2,632 / Sq Ft |
| 01/25/2021 01/25/21 | Pending | -- | -- | -- |
| 09/22/2020 09/22/20 | For Sale | $3,100,000 | 0.0% | $3,138 / Sq Ft |
| 09/22/2020 09/22/20 | Price Changed | $3,100,000 | -6.1% | $3,138 / Sq Ft |
| 09/03/2020 09/03/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $3,300,000 | -- | $3,340 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,600,000 | Ticor Title | |
| Grant Deed | -- | Equity Title Company | |
| Grant Deed | $650,000 | None Available | |
| Grant Deed | $1,280,000 | First American Title Company | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Grant Deed | $600,000 | Investors Title Company | |
| Grant Deed | $185,000 | Fidelity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Commercial | |
| Previous Owner | $650,500 | Unknown | |
| Previous Owner | $480,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $129,500 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS25179661
APN: 5311-015-035
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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