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566 Palm Street

Altadena, CA 91001

$800,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $48 / sqft

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 566 Palm Street
City Altadena
State CA
Zip 91001
County Los Angeles
Listing Agent James McDonnell DRE#01917344
Courtesy Of Engel & Voelkers Pasadena
MLS P117372
List Price $800,000
Status Active
Type Land
Structure Size N/A
Lot Size 16,441
DOM 1

Exterior Information

Maps

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Listing information courtesy of: James McDonnell, Engel & Voelkers Pasadena . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 25th, 2024 at 10:32 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.