Pasadena Land with Development
For Sale
$4,800,000
401 N Chester Avenue, Pasadena, CA 91106
LAND - Pasadena, CA
Property SizeContact for details
Lot Size0.52 Acres
Days on Market95
Property Features for 401 N Chester Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
RM48
Lot features
2-5 Units/ Acre, Lot 20000-39999 Sqft
Directions
S/ Villa St, W/ Hill Ave, N/ Maple St.
Subdivision
646 - Pasadena (NE)
Standard status
Active
APN
5739003036
Lot size
0.52 Acres
Utilities
Water source
Public
Listing Agency:
Century 21 Ludecke Inc. · Century 21 Real Estate
(626) 445-0123
Listed By:
Chung Ping Wang · License #01146991
(626) 445-0123
Added: May 6
Changed: Jul 21
Last Checked: Aug 8 at 11:06AM
MLS# AR26099771
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features a lot size of 22,497 square feet and is zoned RM48. Currently, there are a total of five units on the property, consisting of single-family residences and a triplex. The existing units generate a monthly income of $7,885. The zoning allows for the construction of up to 24 condominium or apartment units. With a standard 50% bonus, the property could accommodate up to 36 units. A maximum stacked 100% bonus could potentially allow for the construction of up to 48 units. The property includes three parcels: 5739-003-036, 5739-003-037, and 5739-003-040. Interested parties are advised to verify building possibilities with the City of Pasadena Building Department.
Key Highlights
- Development Potential: Zoned RM 48, allowing for construction of up to 48 units with bonuses (subject to city approval).
- Large Lot Size: 22,497 Sq Ft provides ample space for development.
- Existing Income: Generates a monthly income of $7,885.00 from 5 units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Large lot zoned for multifamily development in Pasadena.
Where is this land located?
The property is located at 401 N Chester Avenue Pasadena, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Development Potential: Zoned RM 48, allowing for construction of up to 48 units with bonuses (subject to city approval).; Large Lot Size: 22,497 Sq Ft provides ample space for development.; Existing Income: Generates a monthly income of $7,885.00 from 5 units.
