Altadena, CA 91001,566 W Palm ST
Altadena, CA 91001,566 W Palm ST
Altadena, CA 91001,566 W Palm ST
Altadena, CA 91001,566 W Palm ST
Altadena, CA 91001,566 W Palm ST
Altadena, CA 91001,566 W Palm ST
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$780,000

$800,000

2.5%
Est.Price: ?

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Est. payment /mo

0.38 Acres Lot


SOLD DATE : 06/12/2024

Key Details

Sold Price $780,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID P1-17372

Sold Date 06/12/24

HOA Y/N No

Lot Size 0.377 Acres

Lot Dimensions Public Records

Property Description

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.

Location

State CA

County Los Angeles

Area 604 - Altadena

Zoning R-1-7500

Interior

Fireplace No

Exterior

Fence Chain Link

Community Features Foothills, Hiking, Horse Trails, Street Lights, Park

Utilities Available Electricity Available, Sewer Available, Water Available

View Y/N Yes

View Park/Greenbelt, Mountain(s), Trees/Woods

Present Use Unimproved

Building

Lot Description Sloped Down, Gentle Sloping, Near Park, Rectangular Lot, Sprinklers None

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 5829012005

Acceptable Financing Cash, Cash to New Loan, Conventional

Horse Feature Riding Trail

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by James McDonnell • Engel & Voelkers Pasadena
Bought with Jesse Ayala • WGRES INC.
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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