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566 W Palm Street
AltadenaCA 91001

$800,000
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$800,000
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Listing Details
Land
Property type
11247585
Web Id
P1-17372
MLS ID
14
Days Posted

Description

566 W Palm Street, Altadena, CA 91001

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.

This is an Active listing.

Broker Office Phone Number: 626-584-0101

Copyright © 2024Engel & V??rs. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Price History

datePricevariancetype
4/25/2024$800,000-Listed
Listing By: Engel & Völkers Pasadena via Data Source: Engel & V??rs 
listing agent: James McDonnell


Located at 566 W Palm Street, Altadena, California 91001, this Land is for Sale with a price of $800,000 USD. The property. See all Homes for Sale in Altadena.
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