Residential Development Land in
For Sale
$3,890,000
New York Drive, Pasadena, CA 91107
4.67-acre land lot suitable for 26 detached condominiums.
Property Size4 SF
Price / SF$972,500
Days on Market327
Property Features for New York Drive
General Information
Standard status
Active
Size
4 SF
Property subtype
Land
Zoning
LCR120000
Site & Location
Neighborhood
Pasadena Neighborhood Coalition
Listing Agency:
Coldwell Banker Realty Pasadena
Listed By:
Kathi Constanzo · License #02067397
(626) 898-2308
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Oct 25
Last Checked: Oct 24 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty Pasadena
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Investment Insights
Based on property information with market context.
This 4.67-acre land lot, identified by APN #5860-026-014, presents a residential development opportunity. Located on New York Drive in Pasadena, CA 91107, the property is situated in a prime location. A conceptual site plan for 26 condominium units has been submitted to the County and reviewed by Regional Planning, Fire, Parks and Recreation, Public Health, and Public Works, with mostly positive feedback. The gently sloping terrain provides approximately 2 acres of buildable area, suitable for a residential community that can take advantage of the site's natural topography. The property is suitable for detached condominium community projects and offers proximity to key amenities. The development requires 15% of total units (4 units) to be affordable housing, with an average affordability of 135% of AMI. The project is eligible for an affordable density bonus. Although the property has a Pasadena address, it is part of Los Angeles County. Utilities in the public right of way are under the jurisdiction of the City of Pasadena, requiring additional coordination. All utility design and approval will be required through the subdivision application and tentative/final map approval process. The buyer is responsible for verifying all zoning and other requirements, as the seller makes no representations or warranties regarding the zoning status of the property.
Key Highlights
- Development opportunity for 26 detached condominiums.
- 4.67‑acre lot** with approximately 2 acres of buildable area.
- Conceptual site plan submitted with positive feedback from county departments.
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Land - 4.67-acre land lot suitable for 26 detached condominiums.
Where is this land located?
The property is located at New York Drive Pasadena, CA.
What is the asking price?
The asking price for this property is $3,890,000.
What are key features of this property?
This property features: Development opportunity for **26 detached condominiums**.; 4.67‑acre lot** with approximately 2 acres of buildable area.; Conceptual site plan submitted with positive feedback from county departments.
