254 E Union St - Residential LAND FOR SALE


Pasadena, CA 91101 21,741 SF
$8,500,000 USD
818-395-9039
254 E Union St, Pasadena, CA for Sale
$8,500,000 USD
Residential LAND - FOR SALE
1/5
21,741 SF

254 E Union St
Pasadena, CA 91101


HIGHLIGHTS

  • Located in Old Town Pasadena
  • Passive Income Potential
  • Views

OVERVIEW

Please email Max at MaxPellegriniDilbeck@gmail.com for the Offering Memorandum, Plans, Structural Parking Plans, and for Parking Easement information. All offers are due by 7-08-24. Property is RTI approved, but due to the code changes in 2021/22, plans will still need to go through plan check. Seller has the right to accept an offer prior to the deadline. The subject's location is currently being used as a public parking lot. New /Owner must provide 61 parking spaces for building 16 N. Marengo Ave M-F during business hours, as part of an easement agreement once the development has been completed. Currently each parking space generates a revenue of $85.00 a month for each paid parking pass member and $5.00-7.00 for daily parking passes. We are requesting a 45 day escrow, as all plans are easy to verify. Broker and Broker Agents do not represent or guarantee accuracy of the plans being provided. It is Buyer's sole responsibility to perform investigations and satisfy themselves. Seller to select title and escrow services. Seller is willing to Carry A Loan AT 5% FOR up to 3 YEARS WITH 50% DOWN.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/ACRE

$17,031,279/AC

PRICE/SF

$391 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Planned Unit Development

LAND ACRES

0.5 AC

LAND SF

21,740 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

PSC

APN/PARCEL ID

5723-026-024

ASK ABOUT THIS PROPERTY

Max PellegriniEngel & VolkersMore Info
818-395-9039

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Max PellegriniEngel & VolkersMore Info
818-395-9039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.