444 Fair Oaks Ave Pasadena, CA 91103-3619

This exceptional 1.86-acre land parcel in Pasadena, California, presents a remarkable development opportunity. Located at 444 N Fair Oaks Ave, 91103, this property boasts a prime location within walking distance of Old Town Pasadena and just 0.4 miles from the Memorial Park Metro Station, making it highly desirable for transit-oriented development. The existing zoning allows for a maximum of 162 units under the General Plan, with potential for up to 243 units utilizing the State Density Bonus Law (+50%). Permitted uses include Research & Development, Medical-Office, Office, Retail, and Mixed-Use developments, offering significant flexibility for potential projects. The property also includes income-producing cell tower leases with three national carriers, available for separate purchase. Extensive due diligence for a previously proposed (but not entitled) 206-unit development is available to qualified buyers under a confidentiality agreement. The asking price for this exceptional development site is $18,500,000. All zoning information and permit requirements should be independently verified with the City of Pasadena Planning Department.