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566 W PALM ST ALTADENA, CA 91001
- Vacant Land / Resale (MLS)
Property Details for 566 W PALM ST, ALTADENA, CA 91001
Features
- Price/sqft: $709
- Lot Size: 16436 sq. ft.
- Total Units: 1
Facts
- Year Built: 01/01/1923
- Property ID: 877852944
- MLS Number: P1-17372
- Parcel Number: 5829-012-005
- Property Type: Vacant Land
- County: LOS ANGELES
- Legal Description: ALTADENA MAP # 3 0.38 AC ON SW LINE OF PALM ST 60 FT WIDE COM NW THEREON 267.53FT FROM NW LINE OF TR # 11527 TH NW ON SD SW LINE 110 FT WITH A UNIFORM DEPTH OF 150 FT S 21 01'30 W PART OF LOT 30
- Zoning: LCR175
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
Engel & Völkers Pasadena
345 East Colorado Blvd. Suite 130
Pasadena
CA
Copyright © 2024 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.