$1,149,000

Rare opportunity to acquire a 10,135 sq. ft. rectangular lot within Pasadena's Fair Oaks/Orange Grove Specific Plan offering exceptional development potential. Zoned FGSP-C-3D, the property provides flexible opportunities for residential and pedestrian-oriented commercial development in one of Pasadena's evolving corridors. Based on current zoning regulations, the site may accommodate up to seven residential units, with the potential for additional units through applicable State density bonus provisions or special needs housing programs, subject to City approval and verification by the buyer. A similar lot size in the neighborhood accommodated 20 units for a special needs housing development. Please refer to the FGSP-C-3D Allowed Uses Supplement for permitted uses and development standards. The property is conveniently located near shopping, dining, public transportation, and numerous Pasadena amenities. Existing improvements include a two-story residence built in 1911 and a detached two-car garage. Tax Assessor records indicate approximately 2,030 square feet with four bedrooms and one bathroom. A Historic Resource Evaluation completed by the City of Pasadena in February 2025 concluded that the property does not meet the criteria for individual historic designation, providing additional clarity for future planning and redevelopment considerations. Please refer to the Notice of Determination supplement for additional information. The property is currently zoned FGSP-C-3D under the Fair Oaks/Orange Grove Specific Plan, which permits residential development at a maximum density of approximately 32 dwelling units per acre, subject to applicable regulations and City approvals. In addition, the property is located within an area currently undergoing planning updates as part of the City's Fair Oaks/Orange Grove Specific Plan revision. Draft planning materials under consideration contemplate increased residential density allowances, including potential MU-48 zoning classifications along the corridor, which could further enhance the property's long-term redevelopment potential. Buyers are encouraged to verify all current and proposed zoning regulations, permitted uses, density allowances, and development standards directly with the City of Pasadena.